Live updates and discussion on Budget 2019

4 new embassies to be opened in 2019-20, to improve footprint of India's overseas presence and to provide better public services to local Indian communities : FM

Indian Developmental Assistance Scheme to be revamped during current financial year : FM

Public sector banks will use technology, enabling customer of one PSB to access service across all PSBs as well : FM

Public sector banks to be provided 70,000 crore rupees to boost capital and improve credit : FM

For purchase of high-rated pooled assets of financially sound Non Banking Finance Companies amounting to 1 lakh crore rupees during 2019-20, one-time six-month partial credit guarantee to be given to PSBs : FM

A new series of coins including for Rs 20 will be made available for public use shortly, says FM Nirmala Sitharaman

Appreciate honest taxpayers of India, says Nirmala Sitharaman

The tax collection has increased to 11.37 lakh crore to 2018-19 from 6.37 lakh crore from 2013-14

Direct tax revenue has grown 78% from 2014 to 2019

Corporate tax : 25% tax for all companies with annual turnover of Rs 400 crore

Interest subvention for up to Rs 2.5 lakh on buying electric vehicle

Disinvestment target for FY20 raised to Rs 1,05,000 crores : FM

Additional Rs 1.5 lakh deduction in income tax on home loans​​

Regulation authority over housing finance sector to be returned from National Housing Bank to RBI : FM
Proposals for strengthening regulatory authority of RBI over NBFCs have been made: FM

Govt. considering to go below 51% to an appropriate level of ownership stake in non-financial public sector undertakings on case by case basis : FM 

For purchase of high-rated pooled assets of financially sound Non Banking Finance Companies amounting to 1 lakh crore rupees during 2019-20, one-time six-month partial credit guarantee to be given to PSBs : FM

The startups and investors who file requisite declarations will not be subjected to any kind of scrutiny in respect of valuation of share premium. A mechanism of e-verification will be put in place and with this, the funds raised by startups will not require any tax scrutiny. #Budget2019 #FM

Proposal to make PAN and Aadhaar interchangeable

Strategic disinvestment of select Central Public Sector Enterprises will continue to be a priority; strategic disinvestment of airindiain will re-initiate; 1 lakh 5000 rupees is disinvestment target for 2019-20: FM

Investment option in Exchange Traded Funds on the lines of equity-linked trading Scheme to be offered to encourage long-term investment in CPSEs : FM

Govt. will start raising a part of its gross borrowing programme in external markets in external currencies: FM

Scheme to start with e-assessments in cases of some transactions: FM

TDS of 2% for withdrawals of Rs 1 crore in a year from bank accounts​​ for business payment

No charge on customer for digital payment : FM

"A new series of coins of denominations

1 rupee
2 rupee
5 rupee
10 rupee &
20 rupee

will be made available for public shortly " : Union FM

Govt waives MDR changes on cashless payment ​​
FM Sitharaman: Direct tax collection increased by 78%; Tax collection rose from 6.38 lakh crore rupees in 2013-14 to 11.37 lakh crore rupees in 2018 (ANI)
Increase in surcharge for those earning Rs 5 crore and above