Relief of over Rs 23,000 crore to estimated 3 Crore small and middle class tax-payers TDS threshhold on interests on small savings raised Boost to housing and real estate sector FM announces a slew of tax reliefs for middle class and small tax payers Individual taxpayers having taxable annual income up to Rs.5 lakhs will get full tax rebate and therefore will not be required to pay any income tax. While presenting the Interim Budget 2019-20 in Parliament today the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal said “Because of major tax reforms undertaken by…
Author: Amit Bhanot
सरकार पेट्रोलियम और गैस क्षेत्र में खोज के संबंध में अनेक विशिष्ट सिफारिशें करने वाली उच्च स्तरीय अंतर मंत्रालय समिति की सिफारिशें लागू करने की प्रक्रिया में है। आज संसद में अंतरिम बजट 2019-20 प्रस्तुत करते हुए केंद्रीय वित्त, कॉरपोरेट मामले, रेल और कोयला मंत्री श्री पीयूष गोयल ने कहा कि कच्चे तेल और प्राकृतिक गैस पर भारत की आयात पर निर्भरता सरकार के लिए बड़ी चिंता का विषय रही है। हालांकि हमने बायोईंधन और वैकल्पिक प्रौद्योगिकियों के उपयोग के माध्यम से बढ़ती हुई मांग को कम करने के लिए अनेक प्रयास किये हैं। फिर भी आयात कम करने के…
Budget Summary With Major Highlights Of The Interim Budget 2019-20 Interim Budget 2019-20 Presented In Parliament Today Has A Major Scheme For Farmers And Provides For Income Tax Sops This Interim Budget Is To Be Viewed As A Medium For A Progressive Path For The Country, The Finance Minister Says Shri Piyush Goyal Says Government Has Brought Down Average Inflation To 4.6%, Lower Than The Inflation During The Tenure Of Any Other Previous Government. Interim Budget 2019-20 was presented in Parliament today by the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal. Besides having a major…
During the last 5 years, the minimum wages of labours of all classes have been increased by 42% which is the highest increase so far. While presenting the Interim Budget 2019-20 in Parliament today, the Union Minister for Finance, Corporate Affairs, Railways and Coal, Shri Piyush Goyal said that the high growth and formalistation of the economy has led to the expansion of employment opportunities as shown in EPFO membership, which has increased by nearly 2 crore in 2 years reflecting formalisation of the economy and job creations. Shri Goyal said that the 7th Pay Commission recommendations were implemented and New Pension…
राजकोषीय घाटा कम होकर 3.4 प्रतिशत पर; औसत मुद्रास्फीति 4.6 प्रतिशत पांच वर्षों में एफडीआई 239 बिलियन डॉलर बैंकों को तीन लाख करोड़ रुपये ऋण का भुगतान प्राप्त हुआ केन्द्रीय वित्त, कॉरपोरेट मामले, रेल और कोयला मंत्री श्री पीयूष गोयल ने आज संसद में अंतरिम बजट 2019-20 पेश करते हुए कहा कि प्रधानमंत्री श्री नरेन्द्र मोदी के नेतृत्व में देश ने बृह्त आर्थिक स्थिरता का सबसे अच्छा समय देखा है। 2013-14 में भारतीय अर्थव्यवस्था विश्व में 11वें स्थान में थीं जो अब विश्व की छठी सबसे बड़ी अर्थव्यवस्था हो गई है। वित्त मंत्री श्री पीयूष गोयल ने कहा, ‘भारत विश्व की…
इस वर्ष कर वसूली 2013-14 के 6.38 लाख करोड़ रुपये से बढ़कर लगभग 12 लाख करोड़ रुपये हो गई कर आधार में 80 प्रतिशत वृद्धि ; रिटर्नों के दाखिले की संख्या 3.79 करोड़ से बढ़कर 6.85 करोड़ हुई अगले दो वर्षों के भीतर छटाई के लिए चयनित रिटर्नों का सत्यापन और मूल्यांकन इलेक्ट्रोनिक विधि से किया जाएगा केन्द्रीय वित्त, कॉरपोरेट मामले, रेल और कोयला मंत्री श्री पीयूष गोयल ने आज संसद में अंतरिम बजट 2019-20 पेश करते हुए कहा कि सरकार ने आम लोगों और मध्यम वर्ग के लिए कर की दरों में और अधिक कमी की है तथा कर विभाग की…
The Government has taken several measures to strengthen the Medium, Small and Micro Enterprises (MSMEs). While a Scheme of sanctioning loans upto Rs. 1 crore in 59 minutes has been launched, GST-Registered SME units will get 2% interest rebate on incremental loan of Rs. 1 crore. While presenting the Interim Budget 2019-20 in Parliament today, the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal said that 25% sourcing by all the Government Undertakings will now have to be from SMEs. Of this, the material to the extent of at least 3% will be sourced from women…
GST, the biggest taxation reform, led to increase in tax base, higher collections and ease of trade Rates continuously reduced providing relief of about r. 80,000 crore annually to consumers Most items of daily use of poor and middle class now in the 0% or 5% tax slab Average GST collection in the current financial year stands at Rs. 97,100 crore per month as compared to Rs. 89,700 crore per month in the first year GST council to appoint a group of ministers to examine and make recommendations to reduce GST burden on home buyers The Goods and Services Tax…
Rationalization of customs duty and procedures to give boost to “Make in India” initiative The Government has undertaken rationalization of customs duties and procedures to promote the “Make in India” initiative. While presenting the Interim Budget 2019-20 in Parliament today, the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal said, “The Government has abolished duties on 36 capital goods. A revised system of importing duty-free capital goods and inputs for manufacture and export has been introduced, along with introduction of single point of approval under Section 65 of the Customs Act.Indian Customs is introducing full and comprehensive…
Under MUDRA Yojana, 15.56 crore loans have been disbursed amounting to Rs. 7,23,000 crore. While presenting the Interim Budget 2019-20 in Parliament today, the Union Minister for Finance, Corporate Affairs, Railways and Coal, Shri Piyush Goyal said that India is amongst the most youthful nations in the world. Through Pradhan Mantri Kaushal Vikas Yojana, over 1 crore youth are being trained to help them earn a livelihood. Youth power has been harnessed through Self-employment Schemes including MUDRA, Start-up India and Stand-up India. With job seekers becoming job creators, India has become the world’s second largest start-up hub. The Government is…