Search

Budget Special - Top 5 Current Affairs: 1 February 2019

As per the Budget, individual tax payers with taxable income of up to Rs 5 lakh will get full tax rebate from now on. Those earning Rs 6.5 lakh will not have to pay tax, if they invested in specified savings such as PF, PPF, etc.

Feb 1, 2019 17:27 IST
facebook IconTwitter IconWhatsapp Icon

Union Budget 2019: Major Highlights

Finance Minister Piyush Goyal presented the Interim Budget 2019-20 on February 1, 2019. It was the last Budget of the Modi Government before the 2019 Lok Sabha elections. This year, the government presented the Interim Budget, also known as ‘Vote on Account’ as it is close to the end of its term.

Considering that half of the GDP comes from the unorganised sector, Finance Minister announced the launch of the mega pension scheme ‘Pradhan Mantri Shram-Yogi Maandhan’ for the unorganised sector workers with income of less than Rs 15,000. Under the scheme, the workers will be able to earn Rs 3000 after attaining the age of 60 years.

Union Budget 2019: Financial Sector, Fiscal Expenditure & Taxation Reforms

Finance Minister Piyush Goyal presented the Interim Budget 2019-20 on February 1, 2019. It was the last Budget of the Modi Government before the 2019 Lok Sabha elections. The Budget 2018 has identified Financial Sector as key driver of the economy. Accordingly, Piyush Goyal announced few initiatives.

As per the Budget, individual tax payers with taxable income of up to Rs 5 lakh will get full tax rebate from now on. Those earning Rs 6.5 lakh will not have to pay tax, if they invested in specified savings such as PF, PPF, etc.

Union Budget 2019: Infrastructure sector

The Union Interim Finance Minister Piyush Goyal presented the Interim Budget 2019-20 on February 1, 2019. In Independent India, this will be the 89th budget and the sixth of the Narendra Modi-led NDA government.

India's aviation industry has seen a high in the past. India now has more than 100 operational airports with the inauguration of the Pakyong airport in Sikkim. On the other hand, India has become the fastest highway developer in the whole world with almost 27 km of highway built everyday. Projects stuck for decades like the Eastern Peripheral Highway around Delhi or the Bogibeel rail-cum-road bridge in Assam and Arunachal Pradesh have been completed.

"What are Income Tax reforms announced in Interim Budget 2019?"

Union Budget 2019: Underprivileged

The Union Interim Finance Minister Piyush Goyal presented the Interim Budget 2019-20 on February 1, 2019. The government aims to make women in rural India free from the smoke of wood by providing cleaner fuel.

The Government aims to deliver 8 crore free LPG connections to rural households, of which 6 crore connections have already been distributed under Ujjwala Yojana. In the next year, another 2 crore connections will be disbursed. More than 7,000 beneficiaries of PM Mudra Yojana are women.

Union Budget 2019: Agriculture Sector

The Union Interim Finance Minister Piyush Goyal announced the launch of Pradhan Mantri Kisan Samman Nidhi (KISAN) yojana while presenting the Interim Budget 2019-20 on February 1, 2019.

Under the yojana, the vulnerable farmers, who own around 2 hectares of land, will get direct income support of Rs 6000 per year. The income support will be transferred directly to the account of the beneficiary farmer in three equal installments of Rs 2000 each. It would be fully funded by the Government of India. The scheme is expected to benefit 12 crore farmer families.

Download our Current Affairs & GK app For exam preparation

डाउनलोड करें करेंट अफेयर्स ऐप एग्जाम की तैयारी के लिए

AndroidIOS