{"id":541,"date":"2019-07-05T14:57:09","date_gmt":"2019-07-05T09:27:09","guid":{"rendered":"https:\/\/wordpress-440531-1379741.cloudwaysapps.com\/?p=541"},"modified":"2019-07-18T18:38:35","modified_gmt":"2019-07-18T13:08:35","slug":"finance-minister-nirmala-sitharaman-presented-the-maiden-budget-of-narendra-modi-2-0-government-in-the-lok-sabha-on-friday","status":"publish","type":"post","link":"https:\/\/assamtimespost.com\/?p=541","title":{"rendered":"Finance Minister Nirmala Sitharaman presented the maiden budget of Narendra Modi 2.0 government in the Lok Sabha on Friday"},"content":{"rendered":"

Highlights of Union Budget 2019-20<\/strong><\/span><\/p>\n

1 PAN and Aadhaar will become interchangeable. You can use your Aadhaar number to file your I-T Returns soon.<\/p>\n

2. \u20b95 lakh minimum limit announced for taxpayers. In view of rising income levels, those in the \u20b92-5 crore and \u20b95 crore-and-above brackets will see increase in effective tax rate by 3% and 7%, respectively.<\/p>\n

\"\"<\/p>\n

3 GST rate on electric vehicles proposed to be lowered to 5%. Additional income tax deduction of \u20b91.5 lakh on interest on loans taken to purchase electric vehicles.<\/p>\n

4. Additional deduction of \u20b91.5 lakh on loans up to March 31 2020 for buying affordable houses, giving \u20b9 7 lakh benefit to home buyers.
\n5. Proposal to provide Aadhaar cards for NRIs with Indian passports, after their arrival in India, with no waiting period.<\/p>\n

6. \u20b920 coin coming up.<\/p>\n

7. Excise duty on fuel hiked by \u20b91.<\/p>\n

8. To resolve the angel tax issue, startups will not be subject to any scrutiny in respect to valuation. Funds raised by startups will not require any scrutiny by the I-T department.<\/p>\n

9. TDS of 2% on cash withdrawals exceeding \u20b91 crore in a year from bank accounts, to discourage business payments in cash.<\/p>\n

10. Period of exemption for capital gains arising from sale of house for investment in startups to be extended to March 31, 2021.<\/p>\n

11. \u20b970,000 crore in recapitalisation for public sector banks.<\/p>\n

12. \u20b91.05 lakh crore disinvestment target for the year.<\/p>\n

13. TV channel to be launched for promoting startups and to help matchmaking for funds.<\/p>\n

14. New national educational policy hopes to transform Indian education into one of the best in the world, with focus on bringing in foreign students.<\/p>\n

15. \u20b950 lakh crores proposed for Railway infrastructure.<\/p>\n

16. By 2022, the 75th year of Independence, every single rural family, except those who are unwilling to take the connection, will have electricity and clean cooking facility.<\/p>\n

17. Stress on Zero Budget Farming, which is a form of gardening as a self-sustainable practice, with minimum external intervention.<\/p>\n

18. The pension benefit will be extended to 3 crore retail traders under PM Karam Yogi Maan Dhan Scheme. It requires only Aadhaar numbers and bank accounts.<\/p>\n

19. \u20b91 crore worth of loans proposed to MSMEs. The Government will extend pension benefits to 3 crore retail traders and shopkeepers who have a revenue of less than \u20b91.5 crore.<\/p>\n

20. Investment by FIIs and FDIs in debt securities in infrastructure debt funds to be allowed. Minimum public shareholding in listed companies can be increased from 25% to 35%.<\/p>\n

21. Global Investors Meet to happen in India.<\/p>\n","protected":false},"excerpt":{"rendered":"

Highlights of Union Budget 2019-20 1 PAN and Aadhaar will become interchangeable. You can use your Aadhaar number to file your I-T Returns soon. 2. \u20b95 lakh minimum limit announced for taxpayers. In view of rising income levels, those in the \u20b92-5 crore and \u20b95 crore-and-above brackets will see increase in effective tax rate by […]<\/p>\n","protected":false},"author":1,"featured_media":537,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/assamtimespost.com\/index.php?rest_route=\/wp\/v2\/posts\/541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assamtimespost.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assamtimespost.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assamtimespost.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assamtimespost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=541"}],"version-history":[{"count":0,"href":"https:\/\/assamtimespost.com\/index.php?rest_route=\/wp\/v2\/posts\/541\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/assamtimespost.com\/index.php?rest_route=\/wp\/v2\/media\/537"}],"wp:attachment":[{"href":"https:\/\/assamtimespost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assamtimespost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assamtimespost.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}