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    Union Budget 2019 Highlight


    12:53 PM IST
    Budget 2019 LIVE News Updates: Goyal concludes his Budget speech with popular quote ” Ek paav rakhta hun, hazaar raahein phoot padti hai,” which literally means one step opens up a thousand roads.


    12:45 PM IST
    Budget 2019 LIVE News Updates: Development became a Jan Andolan (people’s movement) under the present Government, claimed Goyal.


    12:43 PM IST
    Budget 2019 LIVE News Updates: This is not just an Interim Budget, this is a vehicle for the developmental transformation of the nation, Says Goyal


    12:42 PM IST
    Budget 2019 LIVE News Updates: Benefits under Sec 80(i)BA being extended for one more year, for all housing projects approved till end of 2019-2020, announces FM.


    12:41 PM IST
    Budget 2019 LIVE News Updates: On behalf of all the people of India and our Government, thank all our taxpayers for their valuable contribution to nation-building and for providing a better quality of life to poor and marginalised, says FM


    12:39 PM IST
    Budget 2019 LIVE News Updates: Around 3 crore middle class taxpayers will get tax exemption due to this measure. Standard tax deduction for salaried persons raised from 40,000 rupees to 50,000 rupees, said Goyal.


    12:36 PM IST
    Budget 2019 LIVE News Updates: On behalf of all the people of India and our Government, thank all our taxpayers for their valuable contribution to nation-building and for providing a better quality of life to poor and marginalised, says FM


    12:37 PM IST
    Budget 2019 LIVE News Updates: Individual taxpayers having annual income upto 5 lakhs will get full tax rebate, says FM. Besides, Individuals with gross income up to 6.5 lakh rupees will not need to pay any tax if they make investments in provident funds and prescribed equities


    12:33 PM IST
    Budget 2019 LIVE News Updates: Both tax collection and tax base have shown significant increase due to government initiatives in recent years, and we have moved to a moderate tax regime, with high collection, says FM


    12:26 PM IST
    Budget 2019 LIVE News Updates: Goyal announces fiscal deficit as a proportion of GDP – 3.4% for the coming year, considering need for income support for farmers.


    12:23 PM IST
    Budget 2019 LIVE News Updates: GST collections in January 2019 has crossed 1 lakh crore rupees, informed Goyal


    12:22 PM IST
    Budget 2019 LIVE News Updates: Group of Ministers examining how prospective house buyers can benefit under GST, informed FM Goyal


    12:21 PM IST
    Budget 2019 LIVE News Updates: GST has been continuously reduced, resulting in relief of 80,000 crore rupees to consumers; most items of daily use for poor and middle class are now in the 0%-5% tax bracket, says Goyal.


    12:20 PM IST
    Budget 2019 LIVE News Updates: Speaking about GST (Goods and Services Tax), Goyal said,”It (GST) is probably the biggest taxation reform implemented since Independence. With tax consolidation, India became one common market; inter-state movements became faster through e-way bills, improving Ease of Doing Business.”


    12:16 PM IST
    Budget 2019 LIVE News Updates: Goyal left the middle class and salaried people disappointed by not making any changes in tax rates, slabs.


    12:12 PM IST
    Budget 2019 LIVE News Updates: Direct tax collections increased from Rs 6.38 lakh crore in 2013-14 to almost Rs 12 lakh crore; The tax base is up from Rs 3.79 crore to 6.85 crore, announces Goyal.


    12:11 PM IST
    Budget 2019 LIVE News Updates: Within nearly two years, almost all assessment and verification of IT returns will be done electronically by an anonymised tax system without any intervention by officials, says Goyal


    12:10 PM IST
    Budget 2019 LIVE News Updates: A single window clearance for filmmaking to be made available to filmmakers, anti-camcording provision to also to be introduced to Cinematography Act to fight piracy


    12:04 PM IST
    Budget 2019 LIVE News Updates: Allocation for the north eastern region has been proposed to be increased to Rs 58,166 crore in this year, it will be a 21% rise over the previous year, Goyal said.


    11:59 AM IST
    Budget 2019 LIVE News Updates: Our commitment to promote renewable energy is reflected in our initiative to set up International Solar Alliance; installed solar generation capacity has increased 10 times in last five years; lakhs of new jobs being created by the sector, claimed Goyal


    11:57 AM IST
    Budget 2019 LIVE News Updates: Goyal announced,”We are introducing container cargo movement to the North East. All unmanned level crossings on broad gauge network has been completely eliminated. Vande Bharat Express (Train 18) will provide speed, service and safety to citizens and will give a boost to Make In India.”


    11:55 AM IST
    Budget 2019 LIVE News Updates: Goyal claimed India is the fastest highway developer in the whole world, 27 kms of highways built each day.


    11:52 AM IST
    Budget 2019 LIVE News Updates: “Our soldiers are our pride and honour. Our defence budget for the first time has increased from Rs 3 lakh crore and additional funds will be provided,” says Piyush Goyal.


    11:49 AM IST
    Budget 2019 LIVE News Updates: India’s youth have turned job creators from job seekers, India has become the second largest hub for startups, claimed Goyal.


    11:46 AM IST
    Budget 2019 LIVE News Updates: 75% of woman beneficiaries under PM MudraYojana, 26 weeks of maternity leave and Pradhan Mantri Matritva Yojana, are all empowering women, FM stated.


    11:43 AM IST
    Budget 2019 LIVE News Updates: To ensure cleaner fuel and health assurance, we embarked on PM Ujjwala Yojana, a programme to give 8 crore free LPG connections to rural households, 6 crore connections given already, stated Goyal


    11:42 AM IST
    Budget 2019 LIVE News Updates: Committee under NITI Aayog to be set up to identify and denotify nomadic and semi-nomadic communities; Welfare Development Board to be set up under MSJEGOI for welfare of these hard-to-reach communities and for tailored strategic interventions, said Goyal.


    11:41 AM IST
    Budget 2019 LIVE News Updates: Mega Pension Yojana, namely ‘Pradhan Mantri Shram Yogi Mandhan’, to provide assured monthly pension of 3000 rupees per month, with contribution of 100 rupees per month, for workers in unorganised sector after 60 years of age, declares Goyal. He added that the scheme Will benefit 10 crore workers in unorganised sector, may become the world’s biggest pension scheme for unorganised sector in five years.


    11:40 AM IST
    Budget 2019 LIVE News Updates: High growth and formalisation of economy has resulted in increased EPFO membership by 2 crore in last two years. Gratuity limit increased from 10 lakh to 30 lakh rupees, said Goyal.


    11:36 AM IST
    Budget 2019 LIVE News Updates: 2% interest subvention to farmers pursuing animal husbandry and fisheries, announces Goyal


    11:28 AM IST
    Budget 2019 LIVE News Updates: Under Pradhan Mantri Kisan Samman Nidhi, 6000 rupees per year for each farmer, in three installments, to be transferred directly to farmers’ bank accounts, for farmers with less than 2 hectares land holding, announces Goyal. “This initiative will benefit 12 crore small and marginal farmers, at an estimated cost of Rs. 75,000 crore, this will enable farmers to earn a respectable living,” he added.


    11:28 AM IST
    Budget 2019 LIVE News Updates: Pradhan Mantri Kisan Samman Nidhi has been approved, to provide assured income support for small and marginal farmers, said Goyal


    11:27 AM IST
    Budget 2019 LIVE News Updates: For welfare of farmers and for doubling their income, historic decision taken to increase MSP by 1.5 times the production cost for all 22 crops, announces FM Piyush Goyal


    11:26 AM IST
    Budget 2019 LIVE News Updates: 21 AIIMS operating or being established, 14 of these have been announced since 2014. 22nd AIIMS to be set up in Haryana, said Goyal


    11:24 AM IST
    Budget 2019 LIVE News Updates: During 2014-18, 1.53 crore houses have been constructed under PM Awas Yojana, said Jaitley. He added,”AyushmanBharat, the world’s largest healthcare programme, launched to provide medical care to nearly 50 crore people, resulting in 3,000 crore savings by families of poor sections.”


    11:23 AM IST
    Budget 2019 LIVE News Updates: Under NDA government’s tenure, pace of construction of rural roads has been tripled, Goyal claimed.


    11:22 AM IST
    Budget 2019 LIVE News Updates: From empty promises in the past, targeted expenditure has been undertaken to improve quality of life in villages; we aim to bring development, preserving the soul of villages: Goyal.


    11:20 AM IST
    Budget 2019 LIVE News Updates: Goyal further claimed that 1,70,000 crore spent for bringing food at affordable rates to poor people.


    11:20 AM IST
    Budget 2019 LIVE News Updates: Referring to reservation Bill, Goyal said that efforts taken to bring full representation for economically weak backward classes, by giving them reservation in jobs and education


    11:18 AM IST
    Budget 2019 LIVE News Updates: As a tribute to Mahatma Gandhi, world’s largest behavioural change movement Swachh Bharat initiated; more than 98% rural sanitation coverage has been achieved; more than 5.45 lakh villages declared ODF: mindset change achieved, becoming a Jan Andolan, said the Interim FM.


    11:17 AM IST
    Budget 2019 LIVE News Updates: Recapitalisation of banks amounting to 2.6 lakh crore has been done. Confident that given the pace of reforms in banking sector, other banks too will recover, said Goyal.


    11:16 AM IST
    Budget 2019 LIVE News Updates: The next-generation reforms in last five years have set the stage for decades of high growth. Number of measures implemented to ensure clean banking, a resolution friendly mechanism has been instituted for recovery of non-performing loans. Close to 3 lakh crore already recovered in favour of banks and creditors, big defaulters too not spared by our government, assured Goyal.


    11:13 AM IST
    Budget 2019 LIVE News Updates: Inflation in December 2018 was just 2.1%. Fiscal deficit has been brought down to 3.4% in the revised estimate of 2018-19. Fiscal deficit is likely to be 2.5% in 2019-20: Goyal


    11:11 AM IST
    Budget 2019 LIVE News Updates: Inflation is a hidden and unfair tax; from 10.1% during 2009-14, we have broken the back of back-breaking inflation: said Goyal


    11:10 AM IST
    Budget 2019 LIVE News Updates: The last five years saw India being universally recognised as a bright spot in the world economy; we are the fastest growing large economy in the world economy today, said Goyal, while speaking in Parliament.


    11:09 AM IST
    Budget 2019 LIVE News Updates: We have prepared the foundation for sustainable progress and prosperity for our people; we are moving towards realising the dream of NewIndia by 2022, asserted Inerim Finance Minister Piyush Goyal.


    11:09 AM IST
    Budget 2019 LIVE News Updates: The people of India gave a strong mandate to the Government, under leadership of PM Narendra Modi, structural reforms undertaken, reversed policy paralysis and restored the nation’s image, said Goyal.


    11:07 AM IST
    Budget 2019 LIVE News Updates: I can confidently say, India is solidly back on track and marching towards growth and prosperity, said Goyal


    11:06 AM IST
    Budget 2019 LIVE News Updates: “I am deeply conscious of the absence of Arun Jaitley today. I wish him speedy recovery. We have reversed policy paralysis and restored country’s image,” Goyal said.


    11:03 AM IST
    Budget 2019 LIVE News Updates: Finance Minister Piyush Goyal rises to present the interim Budget 2019-20.

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