Budget 2019-2020 Important points

Budget

budget 2019-2020 Important Points Government has announced the new budget 2019-2020. In the budget, many points have been added for the common man, which is in the interest of ordinary people. And, will work to give relief to people. The following are some of the following important points.

When Finance Minister Piyush Goyal presented the budget in Parliament, all the big leaders including Prime Minister Narendra Modi were present in the Parliament.

During the budget, the Modi government says that the Modi government has reduced inflation and brought down the level of inflation to double!
According to the government, the fiscal deficit was balanced by a 42% increase in revenue of states
Finance Minister Piyush Goyal said that the target of doubling farmers’ income by 2022
The announcement of opening a new AIIMS in the budget
22 AIIMS preparations to open in Haryana after 21 AIIMS was established
According to Piyush Goyal, the Modi government brought FDI of $ 228 billion in the country
The emphasis is on the development of the most backward 115 districts in the new budget.
The tax target is set to be done electronically for 2 years
Income tax returns will now be processed in just 24 hours.
14% of GST revenue will be shared by the states
Customs duty has been eliminated from 36 Capital Goods
GST Council recommends reducing GST rates to buy home
Complete tax rebate to 5 lakh annual income after all deductions.
Standard deduction has been increased from 40000 to 50000
PCA restrictions have been removed from 3 major banks
200% of seats have been increased for 10% reservation
Two thousand crores rupees have been given for MNREGA
1.7 lakh crore for ensuring food for all
Every farmer has to be given 6000 per year till 2 hectares of land. Applicable from September 2018. The amount will be transferred to 3 installments
National Kamdhenu Commission has been given Rs. 750 crores for cows for National Gokul Mission
To make 2% interest subvention and different departments for the fishery for the cattle farming.
Single window approval has been announced for Indian filmmakers

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