Scorecard of Budget 2019
1- Finance Minister Nirmala Sitharaman presents Union Budget for 2019-20 in Lok Sabha.
2- Smooth consolidation of banks carried out; six pubic sector banks brought out of prompt corrective action (PCA) framework: FM.
3- Recent elections was charged with briming hope for a bright and stable India: says FM presenting Budget.
4- Modi govt in 1st term stood out as performing govt: FM.
5- Voters stamped their approval on a performing govt in general elections: FM.
6- NDA govt in its first term set the ball rolling for new India with strident commitment to fiscal consolidation: FM.
7- Our last mile delivery stood out; programmes will be accelerated, red tape will be reduced: FM in LS.
8- PSU banks to get Rs 70,000 crore capital to boost credit:FM.
9- Number of patents tripled during 2018-19, says FM presenting budget.
10- Indian economy was at USD 1.85 trn five yrs back, reached USD 2.7 trn now and within capacity to reach USD 5 trn in next few years: FM.
11- People of India validated two goals for country's future in general elections - national security and economic growth: FM.
12- Interim budget focused on 10-point vision to boost economy: FM.
13- We need to invest in infra, digital economy and job creation in small and medium enterprises: FM.
14- India's economy will grow to become $3 trillion economy in current year; sixth largest in world: FM.
15- We need to make structural reforms to achieve USD 5 trillion economy in next few years: FM.
16- India Inc is job creator, wealth creator: FM.
17- India Inc is job creator, wealth creator: FM.
18- Target of USD 5 trillion economy in next few years is imminently achievable: FM
19- We have shown by our deeds that principles of 'perform, reform, transform' can indeed succeed. Have set ball rolling for New India: FM.
20- As world's 3rd largest aivation market, time ripe to enter aircraft financing and leasing from Indian shores: FM.
21- 657 km of metro rail network has become operational across country: FM.
22- Railway infra to need Rs 50 lakh cr till 2030: FM.
23- Public private parternship to be unleased to develop rail infrastructure: FM.
24- Schemes such as Bharat Mala, Sagarmala and UDAN are bridging rural urban divide and improving transport infrastructure: FM.
25- Blueprint for a national gas grid, water grid, i-ways and airports to be unveiled: FM.
26- Cargo movement in Ganga will increase 4 times in 4 years: FM.
27- Package for power sector tariff and structural reforms to be unveiled soon: FM.
28- In second phase of Bharat Mala project, states will be helped to develop roadways.
29- Model tenancy law will be finalised and circulated to states. FM.
30- Govt to soon announce a package for power sector: FM.
32- Govt to bring out a remedy against cash being deposited without knowledge of bank account holders: FM.
33- Govt will create a payment platform for MSMEs for payment of bills: FM.
34- Govt allocated Rs 350 cr towards interest subvention for MSMEs for 2019-20: FM.
35- Rs 10,000 crore has been approved on Apr 1, 2019 to encourage faster adoption of electric vehicles:FM.
36- FAME II scheme aims to encourage faster adoption of electric vehicles by right incentives and charging infra: FM.
37- Pension to be provided to 3 crore retail traders under Pradhan Mantri Karmyogi Mandand scheme.
38- Comprehensive restructuring of National Highways Programme to ensure creation of National Highways Grid of desirable capacity: FM.
39- India requires capital of about Rs 20 lakh crore every year: FM.
40- ndia's FDI flows in 2018 remained strong at USD 64.37 bn: FM.
41- Rs 350 cr allocated for 2 per cent interest subvention for all GST-registered MSMEs on fresh or incremental loans: FM.
42- Govt proposes rationalising and streamlining of KYC norms for Foreign Portfolio Investors to make it investor-friendly : FM.
43- Propose to initiate steps for electronic fund raising programme for listing of social enterprises, voluntary organisations: FM.
44- NRI portfolio route to be merged with FPI for seamless investment in stock markets: FM.
45- Credit Guarantee Enhancement Corp 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.
46- Free LPG scheme, electricity connection has transformed rural India: FM.
47- FPI investment limit increased from 24 per cent to sectoral FDI investment limits: FM.
48- Every single rural family, except those unwilling to take connection, will have an electricity, LPG connection by 2022: FM.
49- FDI inflow robust despite global headwinds: FM
50- Interoperability of RBI depositories, SEBI depositories necessary for seamlesss transfer of treasury bills; govt to take necessary measures: FM.
51- Local sourcing norms to be eased for single brand retail: FM.
52- Right time to consider increasing minimum public shareholding from 25 per cent to 35 per cent, have written to Sebi: FM.
53- Electronic Fundraising Platform, a social stock exchange,to be set up to list social enterprises and voluntary organizations working for social welfare objectives: FM.
54- Time taken to complete construction of houses under PMAY cut to 114 days from 314 days in 2015-16 due to use of DBT platform, technology: FM.
55- Govt proposes setting up 1.95 crore houses under Pradhan Mantari Awas Yojna (Rural): FM.
56- Govt proposes Pradhan Mantri Matsya Sampada Yojana to address critical infrastructure gap in fisheries sector.
57- All weather road connectivity provided to 97 per cent of habitation: FM.
58- 30,000 km roads constructed under Pradhan Mantri Gram Sadak Yojna using green material, including plastic waste:FM.
59- Govt to examine further opening FDI in aviation, media, animation AVGC and insurance; 100 per cent FDI to be permitted for insurance intermediaries: FM.
60- 1,25,000 KM of roads will be upgraded under Pradhan Gram Sadak Yojana under Phase III at estimated cost of Rs 80,250 crore: FM.
61- We will invest widely in agriculture infrastructure;support private enterpnership in value addition in agri: FM.
62- 100 new clusters will be set up in 2019-20 to enable 50,000 artisans to come into economic value chain: FM
63- FM praises farmers for making India self-sufficient in pulses. Hopes success in oilseeds as well. FM
64- To harness India's space ability commercially, New Space India Limited (NSIL) has been incorporated to tap the benefits of ISRO: FM.
65- Swachch Bharat Abhiyan has achieved a resounding success; 9.6 cr toilets have been constructed since Oct 2014: FM.
66- Provision of safe drinking water for every citizen is priority of govt; Working towards 'Har Ghar Jal' by 2024: FM.
67- Govt proposes to expand Swachch Bharat to include solid waste management in every village: FM.
68- 10,000 new farmer producer organisations to be set up:FM.
69- Rapid urbanisation is an opportunity not challenge; we have to make cities and villages better: FM.
70- Govt sees rapid urbanisation as opportunity rather than challenge: FM:
71- A Gandhi-pedia is being developed to sensitise youth about Mahatma Gandhi's ideas: FM.
72- Govt to bring a new national educational policy: FM.
73 - Railways will be encouraged to invest in suburban railways through special purpose vehicles (SPVs) and enhance metro rail network through PPPs. FM
74- A draft legislation for higher education commission of India to be presented: FM.
75- Rs 400 cr provided for world class institutions: FM.
76- National Sports Education Board to be set up under Khelo India scheme: FM.
77- Govt to streamline multiple labour laws into a set of four labour codes: FM.
78- Govt to start television programme exclusively for startups: FM.
79- Govt proposes setting up of exclusive TV channel for startups: FM
80- Major economies to face labour shortage. India to focus on training new age skills like AI, robotics, 3D printing: FM.
81- Standup India scheme has delivered enormous benefits; scheme extended till end of 15th Finance Commission: FM.
82- Govt aims to bring greater ease of living in life of citizens: FM.
83- In two years, 300 entrepreneurs have emerged as result of Standup scheme: FM.
84- 35 cr LED bulbs distributed leading to cost saving of Rs 18,341 cr annually: FM.
85- Railway station modernisation programme will be launched this year: FM.
86- Will set up a committee to evaluate and suggest ways to encourage and facilitate women participation in country's development: FM.
87- Budget proposes to establish National Research Foundation to fund, to coordinate and to promote research in country: FM.
88- Aadhaar cards to be issued to non-residents Indians with Indian passports after arrival in India without waiting for 180 days: FM.
89- FM proposes to expand self help groups to all districts; one woman in every SHG to get loan upto Rs 1 lakh under Mudra Yojana: FM.
90- Govt to launch mission to integrate traditional artisans and creative persons with global mkt; to obtain GI/patents for them. FM
91- In March 2018, Govt approved opening diplomatic missions in Africa, five already opened and four more to be opened this FY: FM.
92- Financially sound NBFCs should continue to get funds from banks and mutual funds: FM.
93- Requirement of Debenture Reservation Reserve to be done away with for NBFCs: FM.
94- RBI to get regulation authority of housing finance sector: FM.
95- NPS Trust will be separated from PFRDA: FM.
96- Expert committee to be set up to make recommendations on infrastructure finance: FM.
97- Fiscal deficit this yr 3.3 pc brought down from 3.4 pc last year: FM.
98- Financial gains from cleaning of banking system clearly visible; NPA reduced by over Rs 1 lakh cr last year: FM.
99- Record recovery of Rs 4 lakh crore due to IBC: FM.
100- Govt is considering whether its holding can go below 51 per cent in certain CPSEs on case to case basis: FM.
101- Strategic disinvestment of select PSUs to remain priority; will re-initiate privatisation of Air India: FM.
102- Govt proposes to reduce net owned fund requirments to Rs 1,000 crore for onshoring of international insurance companies:FM
103- Govt has decided to modify present policy of retaining 51 pc govt stake in PSUs to 51 pc holding including that of govt insitutions: FM.
104- Govt to bring ETF in line of equity linked savings schemes of mutual funds to encourage retail investors: FM.
105- Govt setting up enhanced disinvestment target of Rs 1,05,000 cr in FY 20 as against Rs 90,000 cr set in interim budget: FM.
106- A new series of coins of Re 1, 2, 5, 10, 20 easily identifiable for visually challenged will be made available for public use shortly: FM.
107- Need to replicate Zero Budget Farming, to go back to basics, which will help doubling farmers income: FM.
108- Govt to build 17 iconic sites to encourage arrival of tourists in India: FM.
109- Indian Developmental Assistance Scheme to be revamped during current financial year: FM.
110- We don't intend to trample on anybody: FM on tax collections: FM.
111- Govt aims to simplify tax administration and bring transparency: FM.
112- Lower 25 per cent corporate tax will apply on companies with up to Rs 400 cr turnover; covering 99.3 pc of corporate India: FM.
113- One time 6-month partial credit guarantee to be given to PSU banks for purchase of high-rated pooled assets of financially sound NBFCs amounting to Rs 1 lakh cr in 2019-20: FM.
114- Govt to provide income tax deduction of Rs 1.5 lakh on interest paid on loans taken for purchase of electric vehicles: FM.
115- FM proposes investment linked tax benefit for manufacture of products like lithium batteries and solar chargers.
116- Start ups will not be required to justify fair market value of shares issued to investors in Category II Alternative Investment Funds: FM.
117- Aadhaar card for NRIs with Indian passports to be issued after their arrival in India, without waiting for the mandatory 180 days: FM.
118- PAN and Aadhaar made interchangeable, allowing those who do not have PAN to file return: FM.
119- Pre-filled tax returns to contain info from salaries, bank interest, capital gain and dividend income to be made available: FM.
120- Faceless assessment of tax returns in electronic mode is being launched this year in a phased manner: FM.
121- TDS of 2 per cent on cash withdrawal of more than Rs 1 cr from a bank account: FM.
122- No MDR charges on digital transaction made at big establishments having annual turnover of more than Rs 50 crore: FM.
123- Surcharge on individuals having taxable income of Rs 2 cr to Rs 5 cr, and Rs 5 cr and more raised: FM.
124- Govt will start raising part of its gross borrowing programme in external markets in external currencies: FM.
125- Relief of Rs 92,000 cr in GST rate reduction per year has been give in past: FM.
126- Import of defence equipment, not manufactured in India, is being exempted from basic customs duty: FM.
127- 5 per cent customs duty imposed on imported books: FM.
128- Basic customs duty on auto parts, optical fibres, digital camera, cashew, certain synthetic rubber, vinyl flooring hiked: FM.
129- Customs duty exempted on components of specified electronic goods: FM.
130- Customs duty on certain parts of electric vehicles removed: FM
131- Cess on petrol, diesel raised by Re 1 per litre; customs duty on gold raised to 12.5 pc from 10 pc: FM.
132- A nominal basic excise duty imposed on tobacco: FM.
134- FM proposes Legacy Dispute Resolution scheme to solve litigations in service tax and excise: FM.