01/02/2019
Here are the highlights from the speech:
1. No Income Tax for income up to ₹5 lakh
2. Individuals with gross income of up to ₹6.5 lakh will not
need to pay any tax if they make investments in
provident funds and prescribed equities.
3. Standard tax deduction for salaried persons raised from
₹40,000 to ₹50,000
4. TDS threshold on interest on bank and post office
deposits raised from ₹10,000 to ₹40,000
5. TDS threshold on rental income increased from ₹1.8
lakh to ₹2.4 lakh
6. I-T processing of returns to be done in 24 hours
Within next 2 years all verification of tax returns will be
done electronically without any interface with the tax
payer.
7. Package of ₹6000 per annum for farmers with less than
2 hectares of land. Scheme will be called Pradhan
Mantri Kisan Samman Nidhi..
8. Vande Bharat Express, an indigenously developed semi
high speed train, to be launched
9. One lakh digital villages planned in the next five years
Fund allocation to Northeast region increased to ₹
58,166 crore in this year, a 21% rise over last year for i
nfrastructure development
10. Anti-camcord regulations to be introduced in the Indian
Cinematograph Act to prevent piracy and contact theft
of Bollywood films.
11. Single window clearance for Indian filmmakers will be
introduced.
12. 25 per cent of sourcing for government projects will be
from MSME, of which three per cent will be from
women entrepreneurs.
13. National Artificial Intelligence portal to be developed
soon
14. The ESI cover limit has been increased to ₹ 21,000. 15. Minimum pension was also increased to ₹ 1000.
16. Mega pension scheme for workers from the organised
sector with income of less than ₹15,000. They will be
able to earn ₹ 3000 after the age of 60 years. The
scheme will be called PM Shramyogi Maan Dhan
Yojana.
17. 2% interest subversion for farmers pursuing animal
husbandry.
18. All farmers affected by severe natural calamities will be
given interest subversion for the entire period of three
per cent of loans.
19. The 22nd AIIMS will come up in Haryana
