Live updates and discussion on Budget 2019

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

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

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

4. 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

#BudgetForNewIndia #Budget2019

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

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: FM

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

Payment platform for MSMEs to be created  : FM

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

New KYC for foreign investors : FM
Social Stock Exchange under SEBI proposed : FM

100% FDI will be permitted for insurance intermediary : FM Nirmala Sitharaman

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

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 

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 

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