{"id":139795,"date":"2019-02-01T18:43:38","date_gmt":"2019-02-01T18:43:38","guid":{"rendered":"http:\/\/punjabpost.in\/welcome\/?p=139795"},"modified":"2019-02-01T18:43:38","modified_gmt":"2019-02-01T18:43:38","slug":"highlights-interim-budget-2019-20","status":"publish","type":"post","link":"https:\/\/punjabpost.in\/welcome\/139795","title":{"rendered":"Highlights of Interim Budget 2019-20"},"content":{"rendered":"<p style=\"text-align: justify;\">Delhi, Feb. 1 (Punjab Post Bureau) &#8211; The key highlights of the Interim Budget 2019-20 presented by the Union <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-139796\" src=\"https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2019\/02\/PUNJ0102201901.jpg\" alt=\"PUNJ0102201901\" width=\"800\" height=\"414\" srcset=\"https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2019\/02\/PUNJ0102201901.jpg 800w, https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2019\/02\/PUNJ0102201901-300x155.jpg 300w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/>Minister for Finance, Corporate Affairs, Railways &amp; Coal, Shri Piyush Goyal in Parliament today are as follows:<\/p>\n<p style=\"text-align: justify;\"><strong>New Announcements<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Farmers<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>12 crore small and marginal farmers to be provided with assured yearly income of Rs. 6000 per annum under PM-KISAN<\/li>\n<li>Outlay of Rs. 75,000 crore for FY 2019-20 with additional Rs. 20,000 crore in RE 2018-19<\/li>\n<li>Outlay for Rashtriya Gokul mission increased to Rs 750 crore<\/li>\n<li>Rashtriya Kamdhenu Ayog&nbsp; to be setup for sustainable genetic up-gradation of the Cow resources<\/li>\n<li>New separate Department of Fisheries for welfare of 1.5 crore fishermen<\/li>\n<li>2% interest subvention to Farmers for Animal husbandry and Fisheries activities; additional 3% in case of timely repayment.<\/li>\n<li>Interest subvention of 2% during disaster will now be provided for the entire period of reschedulement of loan<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Labour<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Pradhan Mantri Shram Yogi Maandhan scheme to ensure fixed monthly pension to 10 crore unorganized sector workers<\/li>\n<li>Rs 3000 per month after 60 years of age with an affordable contribution of only Rs 100\/55 per month<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Health<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>22nd AIIMS to be setup in Haryana<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<strong>MGNREGA<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Rs. 60, 000 crore allocation for MGNREGA in BE 2019-20<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<strong>Direct Tax proposals<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Income upto Rs. 5 lakh exempted from Income Tax<\/li>\n<li>More than Rs. 23,000 crore tax relief to 3 crore middle class taxpayers<\/li>\n<li>Standard Deduction to be raised to Rs. 50,000 from Rs. 40,000<\/li>\n<li>TDS threshold to be raised from Rs. 10,000 to Rs. 40,000 on interest earned on bank\/post office deposits<\/li>\n<li>Existing rates of income tax to continue<\/li>\n<li>Tax exempted on notional rent on a second self-occupied house<\/li>\n<li>Housing and real estate sector to get boost-<\/li>\n<li>TDS threshold for deduction of tax on rent to be increased from Rs. 1,80,000 to Rs. 2,40,000<\/li>\n<li>Benefit of rollover of capital gains increased from investment in one residential house to two residential houses for capital gains up to Rs. 2 crore.<\/li>\n<li>Tax benefits for affordable housing extended till 31st March, 2020 under Section 80-IBA of Income Tax Act<\/li>\n<li>Tax exemption period on notional rent, on unsold inventories, extended from one year to two years<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<strong>Fiscal Programme<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Fiscal deficit pegged at 3.4% of GDP for 2019-20<\/li>\n<li>Target of 3% of fiscal deficit to be achieved by 2020-21.<\/li>\n<li>Fiscal deficit brought down to 3.4% in 2018-19 RE from almost 6% seven years ago<\/li>\n<li>Total expenditure increased by over 13% to Rs.27,84,200 crore in 2019-20 BE<\/li>\n<li>Capital Expenditure for 2019-20 BE estimated at Rs. 3,36,292 crore<\/li>\n<li>Centrally Sponsored Schemes (CSS) allocation increased to Rs. 3,27,679 crore in BE 2019-20<\/li>\n<li>National Education Mission allocation increased by about 20% to Rs. 38,572 crore in BE 2019-20<\/li>\n<li>Allocation for Integrated Child Development Scheme (ICDS) increased by over 18% to Rs. 27,584 crore in BE 2019-20<\/li>\n<li>Substantial increase in allocation for the Scheduled Castes and Scheduled Tribes \u2013<\/li>\n<li>Allocation for SCs increased by 35.6% &#8211; from Rs. 56,619 crore in BE 2018-19 to Rs. 76,801 crore in BE for 2019-20<\/li>\n<li>Allocation for the STs increased by 28% &#8211; from 39,135 crore in BE 2018-19 to Rs. 50,086 crore in 2019-20 BE<\/li>\n<li>Government confident of achieving the disinvestment target of 80,000 crore<\/li>\n<li>Focus now on debt consolidation along with fiscal deficit consolidation programme<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<strong>Poor and Backward Classes<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>\u201cFirst right on the resources of country is that of the poor\u201d: FM<\/li>\n<li>25% additional seats in educational institutions to meet the 10% reservation for the poor<\/li>\n<li>Targeted expenditure to bridge urban-rural divide &amp; to improve quality of life in villages<\/li>\n<li>All willing households to be provided electricity connections by March 2019<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<strong>North East<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Allocation to be increased by 21% to Rs. 58,166 crore in 2019-20 BE over 2018-19 BE<\/li>\n<li>Arunachal Pradesh came on the air map recently<\/li>\n<li>Meghalaya, Tripura and Mizoram came on India\u2019s rail map for the first time<\/li>\n<li>Container cargo movement through improved navigation capacity of the Brahmaputra<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>Vulnerable sections<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>A new committee under NITI Ayog to identify all the remaining De-notified nomadic and semi-Nomadic tribes.<\/li>\n<li>New Welfare development Board under Ministry of social justice and empowerment for development and welfare of De-notified nomadic and semi nomadic tribes<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<strong>Defence<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Defence budget to cross Rs 3,00,000 crore for the first time ever<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>&nbsp;<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Railways<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Capital support of Rs.64,587 crore proposed in 2019-20 (BE) from the budget<\/li>\n<li>Overall capital expenditure programme to be of Rs. 1,58,658 crore<\/li>\n<li>Operating Ratio expected to improve from 98.4% in 2017-18<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to 96.2% in 2018-19 (RE) and<\/p>\n<p style=\"text-align: justify;\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to 95% in 2019- 20 (BE)<\/p>\n<p style=\"text-align: justify;\"><strong>Entertainment Industry<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Indian filmmakers&nbsp; to get access to Single window clearance as well for ease of shooting films<\/li>\n<li>Regulatory provisions to rely more on self-declaration<\/li>\n<li>To introduce anti-camcording provisions in the Cinematograph Act to control piracy<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>MSME and Traders<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>2% interest subvention on an incremental loan of&nbsp; Rs 1 crore for GST registered SMEs<\/li>\n<li>Atleast 3% of the 25% sourcing for the Government undertakings will be from women owned SMEs<\/li>\n<li>Renewed Focus on Internal trade ; DIPP renamed to Department for Promotion of Industries and Internal trade<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>&nbsp;<\/strong><strong>Digital Villages<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>The Government to make 1 lakh villages into Digital Villages over next five years<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Other Announcement(s)<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>New National Artificial Intelligence portal to support National Program on Artificial Intelligence<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Achievements during 2014-19<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>State of the Economy<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>India universally recognized as a bright spot of the global economy during last five years<\/li>\n<li>\u201cCountry witnessed its best phase of macro-economic stability during 2014-19\u201d, says FM<\/li>\n<li>India is now the 6th largest economy in the world from being the 11thlargest in 2013-14<\/li>\n<li>Annual average GDP growth during 2014-19 higher than any government since 1991<\/li>\n<li>Government has broken inflation\u2019s back from backbreaking inflation during 2009-14: FM<\/li>\n<li>Average inflation down to 4.6%, lower than during any other Government<\/li>\n<li>Inflation in December 2018 down to 2.19% only<\/li>\n<li>Fiscal deficit down to 3.4% in 2018-19 RE from the high of almost 6% seven years ago<\/li>\n<li>CAD likely to be only 2.5% of GDP this year against a high of 5.6% six years ago<\/li>\n<li>India attracted massive amount of FDI, worth $239 billion, during the last 5 years<\/li>\n<li>\u201cIndia is solidly back on track and marching towards growth and prosperity\u201d, says FM<\/li>\n<li>India becomes the fastest growing major economy in the world<\/li>\n<li>Double-digit inflation contained and fiscal balance restored<\/li>\n<li>Liberalization of FDI policy, allowing most FDI to come through the automatic route<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Farmers<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Assured MSP of minimum 50% to all 22 crops<\/li>\n<li>Interest subvention doubled in last 5 years<\/li>\n<li>Soil Health card, Neem coated Urea game changer in farm sector<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<strong>Labor<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Employment opportunities expanded ; EPFO membership increased by 2 crore<\/li>\n<li>Minimum income for every category of workers increased by 42% in last 5 years<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<strong>Poor and Backward Classes<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>10% reservation for the poor &nbsp;in educational institutions and government jobs<\/li>\n<li>Free electricity connection to every household under Saubhagya Yojana<\/li>\n<li>World\u2019s largest healthcare programme, Ayushman Bharat, for nearly 50 crore people<\/li>\n<li>Aspirational Districts Programme for development in 115 most backward districts<\/li>\n<li>Rs. 1,70,000 crore spent during 2018-19 for cheaper food grains to poor and middle class<\/li>\n<li>143 crore LED bulbs provided in mission mode with the cooperation of private sector<\/li>\n<li>Poor &amp; middle class are saving Rs. 50, 000 crore p.a. in electricity bills due to LED bulbs<\/li>\n<li>10 lakh patients benefited from free treatment under Ayushman Bharat<\/li>\n<li>Jan Aushadhi Kendras providing medicines at affordable prices to poor and middle class<\/li>\n<li>14 out of 21 AIIIMS operating presently have been announced since 2014<\/li>\n<li>Government tripled rural roads\u2019 construction under the PMGSY<\/li>\n<li>15.80 lakh habitations out of 17.84 lakh connected with pucca roads<\/li>\n<li>Rs. 19,000 crore for PMGSY in BE 2019-20 against Rs. 15,500 crore in RE 2018-19<\/li>\n<li>1.53 crore houses built under PM Awas Yojana during the 2014-18<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Women development to women led development<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>6 crore free LPG gas connections provided under Ujjwala Yojna ; All 8 crore by next year<\/li>\n<li>70% of MUDRA Loan availed by Women<\/li>\n<li>Maternity leave extended to 26 weeks<\/li>\n<li>Financial support for pregnant women under Pradhan Mantri Matru Vandana<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>Youth<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Over one crore youth trained under Pradhan Mantri Kaushal Vikash Yojana<\/li>\n<li>Self-employment boost through MUDRA, STAND-UP and START-UP India<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>MSME and Traders<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Up-to Rs 1 crore loans can be availed in less than an hour<\/li>\n<li>25%-28% is the average savings due to GeM (Government e-Market place)<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Income Tax<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Tax collections nearly doubled in five years- from Rs. 6.38 Lakh crore in 2013-14 to almost Rs. 12 lakh crore this year<\/li>\n<li>80% growth in tax base- from 3.79 crore to 6.85 crore in five years<\/li>\n<li>Tax administration streamlined- Last year, 99.54% of the income-tax returns accepted as were filed<\/li>\n<li>Technology intensive project approved to improve assessee friendliness \u2013In two years, returns to be processed in 24 hours and refunds issued simultaneously<\/li>\n<li>Earlier benefits given to middle class-<\/li>\n<li>Basic exemption limit increased from Rs. 2 lakh to Rs. 2.5 lakh<\/li>\n<li>Tax rate reduced from 10% to 5% for the tax slab of Rs. 2.5 lakh to Rs. 5 lakh<\/li>\n<li>Standard deduction of Rs. 40,000 introduced for the salaried class<\/li>\n<li>Deduction of savings under section 80C increased from Rs. 1 lakh to Rs. 1.5 lakh<\/li>\n<li>Deduction of interest for self-occupied house property raised from Rs. 1.5 lakh to Rs. 2 lakh<\/li>\n<li>Special benefits and incentives already given to small businesses and startups-<\/li>\n<li>Overall compliance processes simplified.<\/li>\n<li>Threshold for presumptive taxation of business raised from Rs. 1 crore to Rs. 2 crore<\/li>\n<li>Benefit of presumptive taxation extended for the first time to small professionals fixing threshold limit at Rs. 50 lakh<\/li>\n<li>Presumptive profit rate reduced from 8% to 6% to promote a less cash economy<\/li>\n<li>Tax rate for about 99% companies reduced to 25%<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>GST<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>GST made India a common market<\/li>\n<li>GST led to increased tax base, higher collections and ease of trade<\/li>\n<li>Inter-state movements now faster, more efficient, and hassle free<\/li>\n<li>Responsive and sensitive reduction of tax rates &#8211; Most items of daily use now in the 0% or 5% tax slab<\/li>\n<li>Relieving the businesses and service providers<\/li>\n<li>Exemptions from GST for small businesses doubled from Rs. 20 lakh to Rs. 40 lakh<\/li>\n<li>Small businesses having turnover up to Rs. 1.5 crore pay only 1% flat rate and file one annual return only.<\/li>\n<li>Small service providers with turnover upto Rs.50 lakhs can opt for composition scheme and pay GST at 6% instead of 18%<\/li>\n<li>Soon, businesses comprising over 90% of GST payers to be allowed to file quarterly return.<\/li>\n<li>Encouraging GST revenue trends &#8211; The average monthly tax collection in the current year is Rs. 97,100 crore per month as compared to Rs. 89,700 crore per month in the first year<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Infrastructure <\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Civil Aviation \u2013 UDAN Scheme<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Number of Operational Airports crossed 100<\/li>\n<li>Latest: Pakyong airport in Sikkim<\/li>\n<li>Domestic Passenger traffic doubled in last 5 years<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Roads<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>India is the fastest highway developer in the world<\/li>\n<li>27 kms of highways built each day<\/li>\n<li>Stuck projects completed &#8211; Eastern Peripheral Highway around Delhi<\/li>\n<li>Bogibeel rail-cum-road bridge in Assam and Arunachal Pradesh<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Waterways<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Flagship programme of Sagarmala along the coastal areas<\/li>\n<li>For first time, container freight movement started on Kolkata to Varanasi inland waterways<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Railways<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>\u2018Safest year\u2019 for railways in its history<\/li>\n<li>All Unmanned Level Crossings on broad gauge network eliminated.<\/li>\n<li>Semi high-speed &#8220;Vande Bharat Express&#8221; introduced &#8211; first indigenously developed and manufactured<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Climate Change<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>International Solar Alliance<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>To promote renewable energy<\/li>\n<li>First treaty based international inter-governmental organisation headquartered in India<\/li>\n<li>Installed solar generation capacity grown over ten times in last five years<\/li>\n<li>Now creating lakhs of new age jobs<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>Digital India Revolution<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>More than 3 lakh Common Service Centres (CSCs) exist to deliver services to the citizens<\/li>\n<li>India now leading the world in the consumption of mobile data<\/li>\n<li>Monthly consumption of mobile data increased by over 50 times in the last five years<\/li>\n<li>Under Make in India, mobile and parts manufacturing companies increased from 2 to more than 268 providing huge job opportunities<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<strong>Jan Dhan-Aadhaar-Mobile (JAM) and Direct Benefit Transfer<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>In the last five years, nearly 34 crore Jan Dhan bank accounts opened<\/li>\n<li>Aadhaar now near universally implemented<\/li>\n<li>Ensure the poor and middle class receive the benefits of Government schemes directly in their bank accounts by eliminating middlemen<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<strong>Customs and trading across borders<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Customs duties on 36 capital goods abolished<\/li>\n<li>Digitization of import and export transactions<\/li>\n<li>RFID technology to improve logistics<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Steps against corruption<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Government walked the talk on corruption and ushered in a new era of transparency: FM<\/li>\n<li>RERA and Benami Transaction (Prohibition) Act have brought transparency in real estate<\/li>\n<li>The Fugitive Economic Offenders Act, 2018 to help confiscate economic offenders<\/li>\n<li>Government conducted transparent auction of natural resources such as coal &amp; spectrum<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Drive against Black money<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Undisclosed income of about Rs 1,30,000 crore brought under tax through initiatives like Black money Law,&nbsp; Fugitive Criminal offenders Act, Demonetisation etc.<\/li>\n<li>Benami assets worth Rs 6,900 crore have been attached<\/li>\n<li>18% growth in Direct tax<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<strong>Banking Reforms and Insolvency and Bankruptcy Code (IBC)<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>The IBC has institutionalized a resolution-friendly mechanism<\/li>\n<li>Government has stopped the culture of \u201cphone banking\u201d: FM<\/li>\n<li>Government adopted 4Rs approach of recognition, resolution, re-capitalization &amp; reforms<\/li>\n<li>Government has implemented measures to ensure \u2018Clean Banking\u2019<\/li>\n<li>Government has already recovered Rs. 3 lakh crore in favor of banks and creditors<\/li>\n<li>Government has invested Rs. 2.6 lakh crore for recapitalization of public sector banks<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>Cleanliness<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Government launched Swachh Bharat Mission as a tribute to 150 years of Gandhi Ji<\/li>\n<li>FM thanks 130 crore Indians for translating Swachh Bharat into a national revolution<\/li>\n<li>India has achieved 98% rural sanitation coverage<\/li>\n<li>5.45 lakh villages have been declared &#8220;Open Defecation Free\u201d<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>&nbsp;<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Defence<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>OROP under implementation in full spirit with Rs 35,000 crore already disbursed<\/li>\n<li>Military pay service hiked<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Other achievements<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Government put a stop to questionable practices of hiding high NPAs<\/li>\n<li>Swachh Bharat Mission as the world\u2019s largest behavioral change movement<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>&nbsp;<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Key message in the Interim Budget 2019-20<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Moving towards realizing a \u2018New India\u2019 by 2022 &#8211;<\/li>\n<li>Clean and healthy India with universal access to toilets, water and electricity to all<\/li>\n<li>An India where Farmers\u2019 income would have doubled<\/li>\n<li>Ample opportunities to youth and women to fulfil their dreams<\/li>\n<li>An India free from terrorism, communalism, casteism, corruption and nepotism<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>&nbsp;Vision for the next Decade <\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>&nbsp;Foundation for India\u2019s growth and development laid in the past 5 years<\/li>\n<li>Poised to become a Five Trillion Dollar Economy in the next five years<\/li>\n<li>Aspire to become a Ten Trillion Dollar Economy in the next 8 years thereafter<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Ten dimensions of Vision for India of 2030 <\/strong><\/p>\n<p style=\"text-align: justify;\">India would be a modern, technology driven, high growth, equitable and transparent society<\/p>\n<ul>\n<li style=\"text-align: justify;\">To build physical as well as social infrastructure and to provide ease of living<\/li>\n<li style=\"text-align: justify;\">To create a Digital India, digitize government processes with leaders from youth<\/li>\n<li style=\"text-align: justify;\">Making India pollution free by leading transport revolution with Electric Vehicles and focus on Renewables<\/li>\n<li style=\"text-align: justify;\">Expanding rural industrialisation using modern digital technologies to generate massive employment<\/li>\n<li style=\"text-align: justify;\">Clean Rivers, safe drinking water to all Indians and efficient use of water through micro-irrigation<\/li>\n<li style=\"text-align: justify;\">Besides scaling up of Sagarmala, Coastline and Ocean waters powering India\u2019s development and growth<\/li>\n<li style=\"text-align: justify;\">Aim at our space programme \u2013 Gaganyaan, India becoming the launch-pad of satellites for the World and placing an Indian astronaut into space by 2022<\/li>\n<li style=\"text-align: justify;\">Making India self-sufficient in food, exporting to the world to meet their food needs and producing food in the most organic way<\/li>\n<li style=\"text-align: justify;\">A healthy India via Ayushman Bharat with women having equal rights and concern for their safety and empowerment<\/li>\n<li style=\"text-align: justify;\">Transforming India into a Minimum Government Maximum Governance nation with pro-active and responsible bureaucracy.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Delhi, Feb. 1 (Punjab Post Bureau) &#8211; The key highlights of the Interim Budget 2019-20 presented by the Union Minister for Finance, Corporate Affairs, Railways &amp; Coal, Shri Piyush Goyal in Parliament today are as follows: New Announcements Farmers 12 crore small and marginal farmers to be provided with assured yearly income of Rs. 6000 &hellip;<\/p>\n","protected":false},"author":1,"featured_media":139796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[26,11],"tags":[],"class_list":["post-139795","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-articles","category-english"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Highlights of Interim Budget 2019-20 | Punjab Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/punjabpost.in\/welcome\/139795\" 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