{"id":800,"date":"2019-07-06T04:41:08","date_gmt":"2019-07-06T04:41:08","guid":{"rendered":"http:\/\/www.yuvapragatee.com\/?p=800"},"modified":"2019-07-06T04:41:14","modified_gmt":"2019-07-06T04:41:14","slug":"budget-2019-highlights","status":"publish","type":"post","link":"https:\/\/www.yuvapragatee.com\/?p=800","title":{"rendered":"Budget 2019: Highlights"},"content":{"rendered":"\n

Budget 2019 Highlights<\/em>
\nGeneral<\/em><\/p>\n\n\n\n

  1. Mantra of Modi Sarkar: Reform, Perform and Transform<\/li>
  2. Number of Patents issued Tripled since 2014<\/li>
  3. Economy of 5 Trillion US Dollar in few years<\/li>
  4. Emphasis on Inland Cargo<\/li>
  5. 1 Nation 1 Grid Power for affordable Power to States<\/li>
  6. Allocation of Rs. 350 crores loans to MSME\u2019s with 2% subvention to GST registered MSME<\/li>
  7. Upto 1 crore loan to MSME in 59 minutes<\/li>
  8. Proposal of Social Stock Exchange for listing of Social and Charitable organizations<\/li>
  9. Focus: Gaon, Garib and Kisan<\/li>
  10. 75000 entrepreneurs to be trained<\/li>
  11. Jan Jiwan Mission: Har Ghar Jal to all rural households by 2024<\/li>
  12. 9.3 crores toilet constructed since 2014 under Swach Bharat Yojna<\/li>
  13. Propose to National Research Foundation (NRF)<\/li>
  14. Aadhaar for NRI\u2019s with Indian Passport<\/li>
  15. 4 New Embassies to be opened in 2019-20
    Direct and Indirect tax<\/em><\/li>
  16. FM Thanks to honest Tax Payers and responsible citizens<\/li>
  17. Direct tax revenue increased to 11.37 lakh crores<\/li>
  18. Corporate Tax- Tax Rate of 25% on Companies with turnover of upto Rs. 400 crores. This will cover 99.3 % companies.<\/em><\/li>
  19. GST rate reduced on electric vehicle from 12% to 5%.<\/em> <\/li>
  20. Tax deduction on loan taken for purchase of electric vehicle:<\/em> Additional Income tax deduction of Rs. 1.5 lakh of interest on loan taken for purchase of electric vehicle.<\/li>
  21. Start up\u2019s would not be require Scrutiny by IT Department.<\/li>
  22. Additional deduction<\/em> of Rs. 1.5 lakh<\/em> for interest on loans borrowed for housing<\/em><\/li>
  23. STT<\/em> change in case of Options<\/li>
  24. Interchangeability of PAN and Aadhaar<\/em> for Income Tax Returns. <\/li>
  25. Faceless E-assessment for Tax Scrutiny<\/li>
  26. TDS of 2% on cash withdrawal exceeding Rs. 1 cr. from a Bank account per year<\/em>.<\/li>
  27. No charges for customer on Digital modes of payment.<\/li>
  28. Propose to enhance surcharge on taxable income of Rs. 2 to 5 cr<\/em>. <\/li>
  29. Automated GST refund system to be initiated<\/li>
  30. Custom duty raised on Auto Parts and CCTV\u2019s<\/li>
  31. 5% Custom duty increased on imported books<\/li>
  32. Increase of custom duty on Gold.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"

    Budget 2019 Highlights General Mantra of Modi Sarkar: Reform, Perform and Transform Number of Patents issued Tripled since 2014 Economy of 5 Trillion US Dollar in few years Emphasis on Inland Cargo 1 Nation 1 Grid Power for affordable Power to States Allocation of Rs. 350 crores loans to MSME\u2019s with 2% subvention to GST […]<\/p>\n","protected":false},"author":2,"featured_media":801,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,17,8,9,12],"tags":[],"class_list":["post-800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics","category-current-affairs","category-breaking-news","category-other","category-social"],"_links":{"self":[{"href":"https:\/\/www.yuvapragatee.com\/index.php?rest_route=\/wp\/v2\/posts\/800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yuvapragatee.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yuvapragatee.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yuvapragatee.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yuvapragatee.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=800"}],"version-history":[{"count":1,"href":"https:\/\/www.yuvapragatee.com\/index.php?rest_route=\/wp\/v2\/posts\/800\/revisions"}],"predecessor-version":[{"id":802,"href":"https:\/\/www.yuvapragatee.com\/index.php?rest_route=\/wp\/v2\/posts\/800\/revisions\/802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yuvapragatee.com\/index.php?rest_route=\/wp\/v2\/media\/801"}],"wp:attachment":[{"href":"https:\/\/www.yuvapragatee.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yuvapragatee.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yuvapragatee.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}