Union Budget 2019 | The Asian Age

Friday, Apr 26, 2024 | Last Update : 06:07 PM IST

Union Budget 2019 Page-5

Union Minister also said that faceless and anonymous assessment system for income tax will be rolled out in phases this year.

Budget 2019-20: Those without PAN can now file returns using Aadhaar

On Thursday, the Lok Sabha passed by voice vote the Aadhaar and Other Laws (Amendment) Bill, 2019.

05 Jul 2019 2:02 PM

Sitharaman said with a view to incentivising investment in GIFT (Gujarat International Finance Tec-City) City, the government proposes several tax benefits. (Photo: File)

Budget 2019: PAN, Aadhaar interchangeable for filing of IT returns, says FM Nirmala

Aadhaar card for NRIs with Indian passports will be issued after their arrival in India, without waiting for the mandatory 180 days.

05 Jul 2019 1:59 PM

'The budget for a New India has a roadmap to transform the agriculture sector of the country, this budget is one of hope,' Modi added. (Photo: ANI | Twitter)

Middle class will progress; this budget is one of hope: PM Modi

He also ensured that the development work will expedite even more and the tax structure will simplify and infrastructure will modernise.

05 Jul 2019 1:57 PM

The budget speech didn’t find the mention of Antrix Corporation being replaced by NSIL. (Photo: ANI)

Budget 2019: Antrix Corp likely to be replaced by NSIL

NSIL would be the financial arm of the state-run Indian Space Research Organisation.

05 Jul 2019 1:53 PM

The government is proposing additional tax deduction of Rs 1.50 lakh on interest paid on home loans taken up to March 2020, said Finance Minister Nirmala Sitharaman. (Representational image)

Additional tax deduction of Rs 1.50 lakh on interest on home loans proposed

Government will also provide income tax deduction of Rs 1.5 lakh on interest paid on loans for purchase of electric vehicles.

05 Jul 2019 1:38 PM

Hailing the contribution of women in the Indian economy, Finance Minister Nirmala Sitharaman on Friday termed their role in the rural sector a 'sweet story'. (Photo: File)

Union Budget 2019: FM draws attention to women of India with 'Naari tu Narayaani'

Sitharaman announced that a woman in every SHG will be made eligible for loan upto Rs 1 lakh under the government's Mudra scheme.

05 Jul 2019 1:36 PM

‘Annual Global Investors' Meet to be organized in India, using National Investment and Infrastructure Fund(NIIF) as the anchor to get key sets of global players to come and invest in India Budget 2019,’ FM Nirmala said while presenting her maiden budget in the Lok Sabha. (Photo: ANI)

Budget 2019: India to organise Annual Global Investors' Meet every year: FM

She also said that the Centre has planned structural reforms to kickstart foreign, domestic investment.

05 Jul 2019 1:33 PM

The corporate tax rate is 30 per cent at the moment.

Budget 2019: Firms with turnover of Rs 400 cr to pay lower 25 pc corporate tax

Only 0.7 per cent of the companies will now remain outside the 25 per cent corporate tax bracket, says Sitharaman.

05 Jul 2019 1:26 PM

'Gandhipedia is being developed to sensitise the youth about positive Gandhian values,’ she said while present Union Budget 2019-20 in Lok Sabha. (Photo: ANI | Twitter)

Budget 2019: 'Gandhipedia' being developed to inform youth on Gandhian values

The Swachh Bharat mission is one of the largest cleanliness drives, as well as an attempt to effect behavioural change, in the world.

05 Jul 2019 1:25 PM

The main objectives of the schemes are to create new jobs and reduce unemployment, promote entrepreneurship culture in India. (Photo: Twitter/ANI)

Union Budget 2019: Govt to develop 75,000 entrepreneurs in agro-rural industries

The Finance Minister also asserted that 'Ease of Doing Business' and 'Ease of Life' should be applicable for farmers too.

05 Jul 2019 1:16 PM

The Finance Minister also announced one-time six-month partial credit guarantee for the PSBs.

Budget2019: Sitharaman earmarks Rs 70,000 crore for public sector banks

Public sector banks will use technology for enabling the customer of one PSB to access service across all PSBs as well.

05 Jul 2019 1:12 PM

Finance Minister Nirmala Sitharaman (Photo: ANI)

Budget 2019: Government sets the disinvestment target at Rs 1.05 lakh crore

Strategic disinvestment of select public sector undertakings will remain a priority area, FM said.

05 Jul 2019 1:12 PM

‘The government intends to open 4 more embassies in the year 2019-20. This will not only increase the footprint of India's overseas presence but also enable us to provide better public services to the local Indian communities,’ FM Sitharaman said. (Photo: File)

Budget 2019: India to open new diplomatic missions, including 18 in Africa

She also proposed to issue Aadhar cards to Non-Resident Indians (NRIs) holding Indian passports after their arrival in India.

05 Jul 2019 1:09 PM

pension benefit will be extended to around three crore retail traders and shopkeepers with an annual turnover less than 1.5 crores.

Budget 2019: Pension benefit to be extended to around 3 cr retail traders

Rs 350 crore allocated for 2 per cent interest subvention for all GST-registered MSMEs on fresh or incremental loans.

05 Jul 2019 1:07 PM

‘I propose to consider issuing Aadhaar cards for NRIs with Indian Passports after their arrival in India without waiting for mandatory 180 days,’ Sitharaman said in her budget speech. (Photo: File)

Budget 2019: Govt proposes doing away with 180-day rule for NRIs to get Aadhaar

As on May 31, 2019, the Unique Identification Authority of India (UIDAI) had generated total of 123.82 crore Aadhaar to residents of India.

05 Jul 2019 1:02 PM

In the past one year, NPAs worth Rs 1 lakh crore has been recovered, Sitharaman said.

Budget 2019: NPAs worth Rs 4 lakh crore recovered in past four years

Government-owned and private banks besides non-banking financial companies have been saddled with huge NPAs.

05 Jul 2019 12:59 PM

The government proposes 'Study in India' to bring in foreign students to pursue education here. (Photo: ANI)

Budget 2019: Government to improve youth skills in AI, robotics

Training of workforce with relevant skills will help address the severe skill shortage technology and IT companies are facing right now.

05 Jul 2019 12:55 PM

‘Ensuring India's water security and providing access to safe drinking water to all Indians is a priority. A major step in this direction has been the constitution of Jal Shakti Ministry,’ Sitharaman stated. (Photo: ANI)

Budget 2019: 'Har Ghar Jal' for all rural houses by 2024, says Sitharaman

Union Minister for Jal Shakti Gajendra Singh Shekhawat had on July 1 launched 'Jal Shakti Abhiyan'.

05 Jul 2019 12:54 PM

Finance Minister also announced that pension benefits will be offered to three crore shop owners with annual turnovers less than Rs 1.5 crore.

Budget 2019: FM announces 2 pc interest subvention for GST-registered MSMEs

Sitharaman proposed the setting up of a payments platform for MSMEs for payment of bills.

05 Jul 2019 12:53 PM

Sitharaman also proposed to expand the Swachh Bharat mission to undertake sustainable solid waste management in every village, harnessing the latest technology. (Photo: ANI | Twitter)

Union Budget 2019: 'India will be open-defecation free on Oct 2 this year,' says Sitharaman

The Swachh Bharat mission is one of the largest cleanliness drives in the world and is also an attempt to initiate behavioural change.

05 Jul 2019 12:52 PM

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Sunil Gatade