Interim Budget 2019 – Piyush Goyal said India will free from Terrorism, Communalism and Nepotism by 2022
Today Finance Minister Piyush Goyal is presenting the last interim budget of Modi Government before 2019 Lok Sabha elections. Before initiating to present the budget goyal prayed for the speedy recovery of Arun Jetli health. And then said we moving towards realising New India by 2022, an India that is clean and healthy, where everybody will have a house with universal access to toilets, Water, Electricity. A New India where farmers income would have been doubled. Youth and Women get ample opportunity to fulfil their dreams. An India free from Terrorism, Communalism, Castism, Corruption and Nepotism.
Starting his budget presentation Piyush Goyal said we are focused towards the High Growth rate, controlling double-digit inflation and overall development. Piyush Goyal sets the tone of the budget as being committed to a 2022 New India. He promised by 2022 his government will double the rural sector income and farm income. He further added the inflation has been controlled, Fiscal Deficit has been brought down and FDI policies revised. Banking Reforms has been introduced.
An Approach towards NPA’s and Swatchchh Bharat
During his budget session at 11:15 he said reforms like GST has helped the economy of the country to grow better at an efficient cost. He further added, we are working in an effective direction to tackle the problem of NPA’s (Non-Performing Assets) and Benami Loans. He also mentioned the Modi Government world-wide project Swatchchh Bharat Abhiyan to be a milestone.
10 per cent reservation for EWS
After Swatchchh Bharat he made 10 per cent reservation bill for economically weaker section applicable from today and he also said that 10 per cent reservation bill will have no impact on SC/ST or OBC reservation system. He said, in order to accommodate every section of the society with a better opportunity more than 2 lakh seats will be added in government jobs.
PradhanMantri Awas Yojana
Piyush Goyal continued his speech and said we have delivered more than 1,53,000 houses to the homeless as per Pradhanmantri Awas Yojana. He added as per Ayushman Bharat Yojana, weaker section of the society will be held with better health treatment at the best hospitals in India at a very minimum cost.
Fixed Minimum Income support for small Farmers
In a massive push towards Rural Development, the 2019 interim budget proposes a Minimum Income support to small farmers of the country. He added, more than 12 crore farmer families will be benefitted by this scheme. The NDA government proposes an outlay of 75,000 crore for Pradhanmantri Kisan Initiative. The minimum support amount to the small farmers will be directly credited to the farmers Jan-Dhan account.
Finance Minister Piyush Goyal Interim Budget Speech brings relief to the farmers affected by the natural calamities. The farmers affected would be provided with an interest subvention of 2 per cent. Massive announcement for work sector with an increase in gratuity limit to 20 lakh.
PradhanMantri Shram Yogi MannDhann Yojana
FM Piyush Goyal said that 42 crore small scale workers. Who plays an important role in shaping the country infrastructure and development model will be given social security coverage. NDA government will launch a mega pension yojana called Pradhanmantri Shram Yogi MannDhann Yojana. In which a worker has pay sum of rupees 100 per month to secure a pension scheme of Rs 3000 per month after his retirement.
A board shall ensure special strategies would be implemented for the development and welfare of Nomadic and semi-nomadic communities under Niti Aayog. Further talking about women empowerment he said our government is effectively in the direction of Women Lead Government. He said, in order to secure better health of women. We have distributed more than 6 crore LPG connections to the poor family. And we aim to extend this stats to 8 crores by next year.
15.56 crore loans amounting to 7 crore loans provided. Job seekers have now become the job creator. India is the second largest startup hub of the world. National Program on Artificial Intelligence is up next with centres of excellence to give the push. The aim is to empower the MSME sector.
Defence Budget and Trading:
FM Goyal said that the Defense Budget in Modi Government is highest as compared to
FM said the Mobile data consumption is 50 per cent higher than the previous government. And this has been achieved by lowering the rate of data packs to the lowest. Increase in the number of internet user has given a boost to the sale of mobiles and employment as well. for example, during the last five years, telecom companies and mobile companies have opened more than 3 lakh service centres giving employment to 12 lakh unemployed people.
Taxpayers get a reprieve. Returns to be processed in 24 hours and refunds instantaneously. All verification to be done electronically. The tax burden on the middle class is the priority of the Mod Government. Basic Exemption limit to be increased for salaried? No announcement to increase the limit yet. He further added GST burden to home buyers is expected to reduce but he didn’t make it official. Small business owners will be exempted from GST as earlier.
Employment & Clean River
FM said that unployement can be tackled by becoming the no.1 manufacturing hub in the world. The next dimension of the 10 point plan is clean rivers and exploring the blue economy. The coastal line to be capitalized by scaling of inland waterways to help the India’s development. Space program gets impetus with the aim of putting an Indian astronaut in space by 2022.