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- This budget for vibrant economy
- fundamentals of economy is strong
- paid homage to Arun Jaitley
- inspector raj is abolished
- one lakh crore benefit passed to consumer
- 60 lakh new taxpayers added
- 270 million people are taken out from poverty
- ease of living to every citizen
- inspirational india
- encourage to state govt for three model law implementation related to agriculture
- Farmers will be helped to setup solar power unit on barren land
- Dhanyalaxmi yojana being introduced in rural agri sector
- krishi udan will be launched by civil aviation ministry for better agri market access
- 15 lakh crores rupees for agri loan in 2020-21
- target of 108 lakh tons of milk production from 50,000 tons of milk by 2025
- mission indradhanush scheme is being expanded
- 112 district will be given priority for ayushman bharat yojna
- TB harega Desh jeetega campaign launched
- 69000 crore for pradhan mantri jan swasthya yojna
- 12300 crore for swachata abhiyan
- internship facility for student for fresh engineer by local authority
- 99,300 crores for education sector and 3000 crores for skill development
- entrepreneurship will be encouraged
- encouragement schemes for mobile and electronic manufacture
- new schemes for exporters’ NIRBHIK’ is introduced. it will provide facility and help to exporter and reduce risk.
- 73,000 crores for the development of trade and commerce
- Delhi – Mumbai highway project will be completed by 2023
- 27,000 km railway track will be electrified
- 1.7 lakh crores for transport infrastructure in year 2020-21
- 22,000 crores for power and renewable energy
- data center park will be developed all over the country
- 6000 crores for bharat net program
- Beti bachao Beti padhao abhiyan is giving extremely good results. gross enrollment of girls are higher than boys
- no manual cleaning of septic tank central ministries will provide technology and machines to all local civic bodies .
- 9500 crores for senior citizens in 2020-21
- no harassment to honest taxpayers
- tax center to every city
- G-20 meeting will be hosted by india in year 2020
- 13,757 crore for J&K and 5958 crore for Ladakh
- more than 3 lakh crores of rupees given to public sector bank
- coverage under deposit insurance scheme for depositor has been enhanced to 5 lakh from 1 lakh
- invoice financing facility to MSMEs
- hand holding support to Pharma and Component sector
- liquidity constraints will be eased for NBFCs and HOUSING finance companies
- 22,000 crores has been given for pipe lined infrastructure projects
- big disinvestment program :LIC IPOs will be coming
- estimated expenditure is about 26.99 lakh crores and estimated receipts is 19.32 lakh crores
- big announcement: nominal GDP will be around 10 percent
- personal income tax : big relief – 5 to 10 percent cut upto 17 lakh
- upto 5 lakh no tax, 5 to 7.7 lakh 10 percent,7.5 lakh to 10 lakh 15 percent ,10 lakh to 12.5 lakh 20 percent ,12.5 lakh to 15 lakh 25 percent, above 15 lakh it is 30 percent
- relief to foreign investor no dividend tax regime is introduced
- 100 percent tax exemption for foreign investor investing in infrastructure sector with the condition of three years lock in period
- compliance burden of tax audit threshold limit for MSMEs has been increased from one crore to 5 crores.
- vivad se vishwas scheme : interest and penalty gone from income tax dispute provided principal due is paid by 31st march 2020
- pan number will be immediately allotted if aadhaar based online application is moved.
