Budget 2019 is one of hope, middle class will progress with this: PM Modi

The budget for a New India has a roadmap to transform the agriculture sector of the country, this budget is one of hope: Prime Minister Narendra Modi

The middle class will progress with this budget, development work will expedite even more. The tax structure will simply and infrastructure will modernize: PM Modi

Ye desh ko samridh aur jan jan ko samarth banane wala budget hai. Is budget se gareeb ko bal milega. yuva ko behtar kal milega: PM Narendra Modi 

The Budget has a roadmap to transform the agriculture sector of India: PM Narendra Modi

The "Budget For New India" is one of hope and it is a budget that will boost India's development in the 21st century: PM Modi

 The fiscal deficit this year is 3.3%, brought down from 3.4%: FM Sitharaman

PAN and Aadhaar to be made interchangeable for convenience of tax payers; Income Tax returns can now on be filed using Aadhaar number, if PAN card not available: FM

To provide further impetus to affordable housing, additional deduction of 1.5 lakh rupees on interest paid on loans borrowed upto 31 Mar, 2020 for purchase of house up to 45 lakhs: FM

Govt. has already asked GST Council to reduce tax rate  from 12% to 5%; additional income tax deduction of 1.5 lakh rupees on interest paid on loans taken to purhase electric vehicles: FM

Nirmala Sitharaman concludes budget speech that last for 2 hour 7 minutes

 Fiscal deficit this year is 3.3%: FM Sitharaman

I propose to increase special additional excise duty and road and infrastructure cess each one by 1 rupee a litre on petrol and diesel: FM 

All companies having annual turnover of 400 crores, will now be under the bracket of 25%. This will cover 99.3% of all the companies: FM

As I stated earlier, we have taken a slew of measures to ease burden on small and medium earners. Those having annual income up to Rs 5 lakhs are not required to pay any income tax. We are thankful to tax payers who play an important role in nation building

Surcharge on individual taxpayers with taxable income between Rs 2 crore to 5 crore and above Rs 5 crore increased to 3% and 7% respectively

TDS of 2% on cash withdrawal exceeding 1 crore a year from bank accounts

I propose to make PAN and Aadhaar interchangeable. You do not require PAN to file tax return and can simply do that by using Aadhaar number: FM Sitharaman

Sitharaman announces corporate tax rate of 25% for all companies with turnover of Rs 400 crore per year

Currently, 25% corporate tax applicable to companies with annual turnover up to 250 crore, we propose to make it 400 crore: FM Sitharaman

A new series of coins of Re 1, Rs 2, Rs 5, Rs 10, Rs 20 easily identifiable to the visually impaired were released by the PM on 7th March 2019. These coins will be made available for public use shortly: FM 

100 lakh crore rupees to be invested in infrastructure sector over next five years, Expert Committee to be set up to recommend structure and flow of funds through development finance institutions: FM

Funds raised by startups will not require any scrutiny by income tax department: FM

Regulation authority over housing finance sector to be returned from National Housing Bank to RBI: FM

Proposals for strengthening regulatory authority of RBI over NBFCs have been made: FM

Direct tax revenue increased to Rs 11.37 lakh crore in 2017-18: FM 

Public sector banks to be provided 70,000 crore rupees to boost capital and improve credit. Public sector banks will use technology, enabling customer of one PSB to access service across all PSBs as well: FM

Public sector banks to be provided 70,000 crore rupees to boost capital and improve credit: FM

4 new embassies to be opened in 2019-20, to improve footprint of India's overseas presence and to provide better public services to local Indian communities: FM Sitharaman 

Mission for integrating traditional artisans and their creative products with global markets to be launched; patents and Geographical Indications to be obtained for them where necessary: FM

Govt is setting a target of Rs 1.05 L crore for disinvestment in FY20, says Sitharaman

One woman in every SHG shall be made eligible for a loan of 1 lakh rupees under MUDRA scheme: FM

Every verified woman SHG member having a Jan Dhan account, an overdraft of 5000 rupees will be allowed: FM

Non-performing asset(NPAs) recovery of Rs 4 lakh crore over the last four years, NPAs down by Rs 1 lakh crore in the last one year

Finance Minister Nirmala Sitharaman: I propose to consider issuing Aadhaar Card for Non Resident Indians (NRIs) with Indian passports after their arrival in India without waiting for the mandatory 180 days

To further encourage women entrepreneurship, Women SHG Interest Subvention Programme to be expanded to all districts in India: FM

"Standup India" will be continued for the entire period coinciding with the 15th Finance Commission, i.e. 2020 - 2025 : FM

Multiple labour laws to be streamlined to into a set of four Labour Codes, to standardize registration and filing of returns and reduce disputes: FM

Union FM Nirmala Sitharaman on higher education: Today we have three institutions, 2 IITs & IISC Bangalore in top 200 institutions of the world. An amount of 400 crores has been provided under the head 'World Class Institutions' for the year 2019-20.

To popularize sports at all levels, National Sports Education Board for development of sportspersons to be set up under "Khelo India : FM Sitharaman 

National Research Foundation to be set up to strengthen overall research ecosystem in the country; funds available under all Ministries to be integrated with NRF: FM Sitharaman 

New National Educational Policy to be brought in to transform Indian educational system; major changes in higher as well as school system to be brought in: FM

Railways to be encouraged to invest more in suburban railways through SPV structures such as Rapid Regional Transport System; more PPP initiatives to be encouraged in rail sector: FM Sitharaman 

To mark this occasion, Rashtriya Swachhata Kendra to be inaugurated at Raj Ghat, on 2nd October, 2019; Gandhipedia too to be developed to spread positive Gandhian values: FM

Happy and satisfied to report that India will be made Open Defecation Free on October 2nd, 2019, as per the dream of PM Narendra Modi: FM Sitharaman 

Swachh Bharat to be expanded to undertake sustainable solid waste management in every village, harnessing latest tech : FM

DM Sitharaman on FDI in single brand retail: Local sourcing norms for FDI to be eased for single-brand retailing sector.

Jal Shakti Mantralaya will work with states to ensure "Har Ghar Jal" for all rural houses by 2024, under "Jal Jeevan Mission": FM Sitharaman 

9.6 crore toilets have been constructed since Oct 2, 2014. More than 5.6 lakh villages have become open defecation free.We have to build on this success. I propose to expand the Swachh Bharat mission to undertake sustainable sold waste management in every village: FM

FM Sitharaman: We'll invest widely in agricultural infrastructure. We'll support pvt entrepreneurship in driving value addition to farmers produce & those from allied activities too, like bamboo, timber & also for generating renewable energy. Ann daata ko kyun oorja daata bana nahi sakte?

Need to replicate "Zero Budget Farming", to go back to basics, which will help doubling farmers income: FM Sitharaman 

100 new clusters to be set up in 2019-20 under SFURTI, which will enable 50,000 artisans to join the economic value chain : FM Sitharaman 

To provide NRIs seamless to Indian equities, NRI portfolio investment route to be merged with foreign portfolio investment route: FM

Robust fisheries management framework to be set up under Pradhan Mantri Matsya Sambada Yojana to address critical gaps in value chain: FM

Time for completion of houses under PMAY reduced from 314 days in 2015-16 to 114 days in 2017-18, enabling the scale of achievement in PMAY: Sitharaman

In second phase of PMAY-Gramin, 1.95 crore houses to be provided to eligible beneficiaries, during 2019-20 to 2021-22; they will have amenities such as LPG, electricity and toilets: FM Sitharaman

Comprehensive restructuring of National Highways Programme to be done, to ensure creation of National Highways Grid of desirable capacity: FM Sitharaman

Finance Minister Nirmala Sitharaman: It's right time to consider increasing minimum public shareholding in the listed companies, I have asked SEBI to consider raising the current threshold of 25% to 35%

By 2022, every single rural family except those who are unwilling to take the connection, will have an electricity and a clean cooking facility: FM Sitharaman 

Government keeps Gaon, Garib and Kisan at the centre of everything we do, of every programme: FM Sitharaman 

India has emerged as a major space power. Time has come to harness our ability commercially: Sitharaman 

To provide NRIs seamless to Indian equities, NRI portfolio investment route to be merged with foreign portfolio investment route: FM

* Annual Global Investors' Meet to be organized in India, using NIIF as the anchor to get key sets of global players to come and invest in India: FM Sitharaman

* Railway infra would need an investment of 50 lakh crores between 2018 and 2030; PPP to be used to unleash faster development and delivery of passenger freight services: FM

Local sourcing norms for FDI to be eased for single-brand retailing sector: FM

Finance Minister Nirmala Sitharaman: User friendliness of trading platforms for corporate bonds will be reviewed, including issues arising out of capping of International Securities Identification Number

Further opening up of FDI in aviation, media, animation AVGC and insurance to be examined, in consultation with stakeholders; 100% FDI to be permitted for insurance intermediaries: FM Sitharaman

Govt will invite suggestions for further opening up of FDI in aviation sector, media, animation AVGC and insurance sectors in consultation with all stakeholders. 100% FDI will be permitted for insurance intermediaries: FM Sitharaman

Interoperability of RBI depositories and SEBI depositories necessary for seamlesss transfer of treasury bills; govt. will take necessary measures in this regard in consultation with RBI and SEBI: FM Sitharaman

The government has given a massive push to all forms of physical connectivity via :-

1. PMGSY
2.Industrial corridors
3. Dedicated freight corridors
4. Bharatmala
5. Sagarmala
6. Jal Marg vikas
7. UDAN schemes

Existing Know Your Customer norms for Foreign Portfolio Investors to be rationalized and simplified, to make it more investor-friendly : FM  Sitharaman 

Credit Guarantee Enhancement Corporation will be set up in 2019-20, action plan to deepen markets for long-term bonds with specific focus on infra sector to be put in place: FM Sitharaman 

 FAME II scheme aims to encourage faster adoption of electric vehicles by right incentives and charging infra:  FM Sitharaman 

Pension benefit to be extended to around 3 crore retail traders and shopkeepers with an annual turnover less than 1.5 crores under Pradhan Mantri Karam Yogi Man Dhan Scheme: Union Finance Minister Sitharaman 

Payment platform for MSMEs to be created: FM Sitharaman 

350 crore rupees allocated for 2% interest subvention for all GST-registered MSMEs on fresh or incremental loans: FM Sitharaman 

We don't look down upon legitimate profit earning. Gone are the days of policy paralysis & license quota control regime. India Inc are India's job creators, nation's wealth creators. Together with mutual trust we can gain, catalyse past & attain sustained growth: Union Finance Minister Sitharaman 

Several reforms would be undertaken to promote rental housing, current rental laws are archaic as they do not address lessor-lessee relationships fairly: FM Sitharaman

Government envisions using rivers for cargo transportation, which will also decongest roads and railways: FM Sitharaman

Railway infra would need an investment of 50 lakh crores between 2018 and 2030; PPP to be used to unleash faster development and delivery of passenger freight services: FM

Comprehensive restructuring of National Highways Programme to be done, to ensure creation of National Highways Grid of desirable capacity: FM

FAME II scheme aims to encourage faster adoption of electric vehicles by right incentives and charging infra: FM Sitharaman

The people of India have validated their two goals for our country's future: national security and economic growth : Union Finance Minister Sitharaman

India's first indigenous payment ecosystem for transport based on National Common Mobility Card was launched PM in March 2019, enabling people to pay multiple types of transport charges: FM

657 km of metro rail network has become operational in the country: FM

Vision for the decade: From 1.85 trillion dollars in 2014, the economy has reached 2.7 trillion US dollars in five years; it is well within our capacity to reach 5 trillion dollars in the next few years: Union Finance Minister

For providing an enabling ecosystem for Maintenance, Repair and Overhaul, suitable policy interventions will be adopted: FM

Schemes such as BharatMala, Sagarmala and UDAN are bridging rural urban divide and improving our transport infrastructure: FM

When we aspire to reach 5 trillion dollars, many wonder whether it is possible; the target is eminently achievable, given our citizens' desire and the leadership of the Government: FM Sitharaman

When we aspire to reach 5 trillion dollars, many wonder whether it is possible; the target is eminently achievable, given our citizens' desire and the leadership of the Government: FM Sitharaman

The common man was served even as major transformational reforms were brought about: FM Sitharaman

It took us over 55 years to reach $1 trillion dollar economy. But when the hearts are filled with hope, trust & aspiration, we in just 5 years, added $1 trillion: Nirmala Sitharaman

The Indian economy will grow to become a $3 trillion economy in the current year itself. It is now the sixth largest in the world. 5 years ago it was at the 11th position: Nirmala Sitharaman

From 1.85 trillion dollars in 2014, the economy has reached 2.7 trillion US dollars; we can very well reach 5 trillion dollars in the next few years: FM Sitharaman

Last mile delivery stood out, citizens in every nook and corner of the country felt the difference; our objective was and continues to be Mazbooth Desh Ke Liye Mazbooth Nagarik: FM Sitharaman

Average amount spent on food security per year approx. doubled during 2014-19 compared to preceding five years: FM

Between 2014 and 2019, we provided rejuvenated centre-state dynamic, cooperative federalism, GST Council and a strident commitment to fiscal discipline; set the ball rolling for New India: FM Sitharaman

The people of India have validated their two goals for our country's future: national security and economic growth: FM

Voter turnout was highest; every section came to stamp their approval for a performing Government: FM

The recent election was charged with brimming home and desire for a bright and stable New India

Finance Minister Nirmala Sitharaman, MoS Finance Anurag Thakur, Finance Secretary S C Garg, Chief Economic Advisor Krishnamurthy Subramanian and other officials outside Finance Ministry.

Finance Minister Nirmala Sitharaman, MoS Finance Anurag Thakur, Finance Secretary S C Garg, Chief Economic Advisor Krishnamurthy Subramanian and other officials outside Finance Ministry. #Budget2019 to be presented at 11 am in Lok Sabha today pic.twitter.com/oCyrMSNg7N

— ANI (@ANI) July 5, 2019

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