Pradhan Mantri Shram- Yogi Maandhan Current Affairs - 2019

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Interim Budget 2019: Highlights

The highlights of the Interim Budget 2019 presented by the Finance Minister are listed below:

  • 6,000 rupees yearly direct support to farmers through PM-KISAN Programme.
  • Pension of 3,000 rupees for unorganised sector workers earning up to 15,000 rupees through a mega Pension Scheme – Pradhan Mantri Shram- Yogi Maandhan.
  • Present Income Tax rates to continue and full tax rebate up to an income of 5 lakh rupees for individual taxpayers. Standard deduction raised to 50,000, a hike of 10,000 for salaried class.
  • Simplification of Direct tax system and returns to be processed in 24 hours with immediate refunds.
  • 90 per cent GST payers can file quarterly returns.
  • Two per cent interest rebate for Small and Medium Enterprises to get an incremental loan of one crore rupees.
  • Constituting group of Ministers to examine GST burden on home buyers.
  • Digitalization of Customs for export and import transactions.
  • Allocations towards Health care, MGNREGA, SC/ST welfare programmes, Pradhan Mantri Gram Sadak Yojana, Development of infrastructure in North-East has been increased substantially.
  • Rashtriya Kamdhenu Aayog for genetic upgradation of the cow.
  • Separate Department of Fisheries.
  • Electricity connection to all willing families by next month.
  • Allocations to Defence budget crosses three lakh crore rupees for the first time.
  • More than three lakh 38 thousand shell companies deregistered after demonetization.
  • 10 point vision for 2030 to realize India’s social economic potential.
  • India to be a 10 trillion dollars economy in 13 years.
  • Government e-Marketplace – GeM to be extended to all Central Public Sector Enterprises.
  • Container cargo movement to the North-East through Brahmaputra river.
  • Allocation for infrastructure development in the North East increased by 21 per cent.
  • AIIMS to be established in Haryana.
  • Digital connectivity for more than one lakh more villages.
  • National Centre on Artificial Intelligence Centre to be established.
  • Tightening of Cinematograph Act to check piracy.
  • Single window clearance for shooting films for Indian filmmakers.
  • Indigenous development of semi-high speed Vande Bharat Express train
  • The fiscal deficit pegged at 3.4 per cent of GDP.

The Budget was keenly watched as the country is heading for a general election in 2019.