INTERIM BUDGET 2019 Live Update: Piyush Goyal presents Budget in Lok Sabha

Deepak Gupta | Feb 1, 2019 |

INTERIM BUDGET 2019 Live Update: Piyush Goyal presents Budget in Lok Sabha

INTERIM BUDGET 2019 Live Update: Piyush Goyal presents Budget in Lok Sabha:
Finance minister Piyush Goyal is presenting Narendra Modi government’s sixth and final Budget. Get live updates of Interim Budget 2019 along with highlights & budget 2018-19 on this page. 

  • Piyush Goyal concludes his speech. Lok Sabha adjourned till February 4
  • Income tax relief on Notional Rent from unsold houses extended to 2 years: FM
  • This is not just an Interim Budget, this is a vehicle for the developmental transformation of the nation: FM
  • Benefits under Sec 80(i)BA being extended for one more year, for all housing projects approved till end of 2019-2020: FM
  • Benefits under Sec 80(i)BA being extended for one more year, for all housing projects approved till end of 2019-2020: FM Shri Piyush Goyal
  • TDS threshold on rental income raised from Rs 1,80,000 to Rs 2,40,000: Goyal
  • Individuals with gross income up to Rs 6.5 lakh will not need to pay any tax if they make investments in provident funds and prescribed equities: FM
  • Standard deduction has been increased to Rs 50,000 from Rs 40,000: Goyal
  • Propose to the following tax reforms: Individual taxpayers with annual income of up to Rs 5 lakh will get full tax rebate: Goyal
  • Rs 56,619 crore made in budget estimate 2018-19 for welfare of SCs and STs, increased to Rs 62,474 crore in revised estimate 2018-19 has been further increased to Rs 76,800 crore in budget estimate 2019-20: FM
  • Capital expenditure – Rs 3.36,292 lakh crore, says FM Goyal
  • Goyal announces fiscal deficit as a proportion of GDP – 3.4% for the coming year
  • We aim to build a Digital India that reaches every citizen by creating innumerable startups and jobs: FM
  • Govt aims to build next-gen infrastructure – physical as well as social – for a $10 trillion economy and to provide Ease of Living: FM
  • Goyal underlines 10 most important dimensions that will guide the government in Vision 2030
  • We are poised to become a 5 trillion dollar economy in the next five years, we aspire to become a 10 trillion dollar economy in the next eight years: FM Shri Piyush Goyal
  • Due to note ban, over 1 crore people have filed tax returns: FM
  • Committed to eliminating the ills of black money; anti-#blackmoney measures taken have brought undisclosed income of about 1.30 lakh crore rupees to the surface; 3.38 lakh shell companies deregistered: FM Shri Piyush Goyal
  • 14% growth in state tax collections was guaranteed and underwritten by Government of India: FM Shri Piyush Goya
  • GST collections in January 2019 has crossed 1 lakh crore rupees: FM Shri Piyush Goyal
  • GST has been continuously reduced, resulting in relief of 80,000 crore rupees to consumers; most items of daily use for poor and middle class are now in the 0%-5% tax bracket: FM Shri Piyush Goya
  • GST is the undoubtedly the biggest taxation reform implemented since Independence; through tax consolidation, India became one common market; inter-state movements became faster through e-way bills, improving
  • Reducing tax burden on middle class has always been our priority: Goyal
  • We have taken steps towards transforming the income tax department to process returns as quickly as possible: Goyal
  • 99.54 percent of all I-T returns last year were accepted immediately without scrutiny: Goyal
  • Tax collections have increased significantly. The number of returns filed have also risen: FM
  • We have reduced tax rates for the common man and middle class: FM
  • 34 crore #JanDhanYojana accounts opened in last five years
  • Vande Bharat Express will provide speed, service and safety to citizens and will give a boost to Make in India: Goyal
  • India provided leadership to the global climate change effort: Goyal
  • No unmanned level crossings in India anymore. Railways has witnessed safest year: FM
  • Our soldiers are our pride and honour; ‘One Rank One Pension’ has been implemented by us, says FM
  • Today, India is the fastest highway developer in the whole world with 27km of highways built each day: Goyal
  • Already disbursed Rs 35,000 crore for our soldiers under OROP, substantial hike in military service pay has been announced: Goyal
  • Defence budget Increased beyond Rs 3 lakh crore, says Goyal
  • Gratuity limit increased from Rs 10 lakh to Rs 30 lakh: FM
  • 75% of woman beneficiaries under PM MudraYojana, 26 weeks of maternity leave and Pradhan Mantri Matritva Yojana, are all empowering women: FM
  • Job seekers have not turned job creators. India has become the second largest hub of startups: FM
  • We have harnessed youth power with self-employment schemes such as Startup India: FM
  • Ujjawala is a remarkable success story of our government. We aim to cover the target of all 8 crore households this year: FM
  • Our government delivered 6 crore free LPG connections under Ujjawala scheme: FM
  • Our government will set up a welfare development board to help implement development programmes for nomadic and semi-nomadic communities: FM
  • The scheme, called Pradhan Mantri Shram Yogi Mandhan, will provide assured monthly pension of Rs 3,000 with contribution of Rs 100 per month for workers in unorganized sector after 60 years of age: FM
  • Beneficiaries will be provided assured pension of Rs 3,000 per month: FM
  • Our government proposes to launch a mega pension yojna: FM Goyal
  • High growth and formalization of economy have resulted in increased EPFO membership by 2 crore in last two years: FM Goyal
  • High growth and formalization of economy have resulted in increased EPFO membership by 2 crore in last two years: FM Goyal
  • In place of rescheduling of crop loans, all farmers severely affected by severe natural calamities will get 2% interest subvention and additional 3% interest subvention upon timely repayment: Goyal
  • 2% interest subvention to farmers pursuing animal husbandry and fisheries: FM
  • We have increased allocation for Rashtriya Gokul Mission to 750 crore in current year: FM
  • Our government has decided to create a separate department for fisheries: Goyal
  • The initiative will benefit crores of small and marginal farmers, at an estimated cost of Rs. 75,000 crore. It will enable farmers to earn a respectable living: FM
  • The amount will be borne directly by the government, says Goya
  • The amount will be transferred in three installments of Rs 2,000 directly to the farmers. Around 12 crore farmers will directly benefit from this scheme: Goyal
  • Will provide Rs 6,000 per annum to farmers holding land of up to 2 hectres: Goyal
  • NDA increased MSP to fulfil its aim of doubling farm income: FM
  • Goyal speaks about government’s initiatives for the farmers
  • The 22nd AIIMS will be set up in Haryana soon, says FM
  • 21 AIIMS are currently operating in the country, 14 of which have been announced since 2014, says Goyal
  • Lakhs of poor people have benefited from the reduced cost of medicine: Goyal
  • PM Modi launched the world’s largest healthcare programme – Ayushman Bharat – to provide medical treatment to nearly 50 crore people, says Goyal amid rousing applause
  • Goyal now speaks about healthcare reforms
  • We provided free electricity to almost every house through Saubhagya scheme: FM Goyal
  • Pace of construction of rural roads has been tripled under our tenure, Goyal says
  • From empty promises in the past, targeted expenditure has been undertaken to improve quality of life in villages; we aim to bring development, preserving the soul of villages: Goyal
  • Efforts taken to bring full representation for economically weak backward classes, by giving them reservation in jobs and education: FM
  • Our government earmarked Rs 1.7 lakh crore in 2018-19 to ensure food for all: FM
  • More than 98% rural sanitation coverage has been achieved; more than 5.45 lakh villages declared ODF: mindset change achieved, becoming a Jan Andolan: FM
  • I thank the people of India for their active contribution to the Swacch Bharat Abhiyan: FM
  • Confident that given the pace of reforms in banking sector, other banks too will recover: FM
  • RERA has helped bring transparency in the real estate sector: FM
  • Close to 3 lakh crore already recovered in favour of banks and creditors, big defaulters too not spared by our government: FM
  • An amount of Rs 3 lakh crore has been recovered to restore the health of our banking sector: FM
  • India attracted $239 billion FDI in the past five years: Goyal
  • We have set the stage for decades of high growth with path-breaking structural reforms such as the GST: Goyal
  • India attracted a massive amount of FDI in the past five years, FM says
  • Fiscal deficit has been brought down to 3.4% in the revised estimate of 2018-19: FM
  • Inflation in December 2018 was just 2.1%: FM
  • Humari sarkar ne kamar tod mehengayi ki kamar tod di, says FM Goyal
  • We are the fastest growing economy today with a GDP growth rate higher than any government since economic reforms kicked in: Goyal
  • We have reversed the policy paralysis that had engulfed the nation: Goyal
  • People of India gave a strong mandate to our government. Under PM Modi, we have given a decisive, stable and clean govt: Goyal
  • Deeply conscious of the absence of Arun Jaitley today. Wish him speedy recovery and good health: Goyal
  • Piyush Goyal begins his speech

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