Budget 2019: From the farmer to the middle class, find out what you got here
Modi government presented its last budget in the election year. To say the budget is interim, but the Modi government has flown the breathtaking guts. In the absence of Arun Jaitley, Piyush Goyal presented his first budget, but in his every announcement, the voice of PM Modi’s voice was heard. Farmers, laborers, job seekers and businessmen assured every section that the Modi government has put some in his pocket. Now know that this budget from the Modi Government has tried to treat every class.
The biggest declaration is to the extent of income tax. So far, the income up to Rs 2.5 lakh per year was tax free, but the Modi government has doubled it to 5 lakhs. Apart from this, the limit of standard deduction has also been increased from 40 thousand to 50 thousand rupees. The limit for tax exemption was last raised to 2.5 lakh in 2014. After 5 years, doubling it before election, the Modi government has played a big trump card. Giving a gift to the government on behalf of the government has also announced to double the gratuity limit. Earlier this limit was 10 lakhs which has now become 20 lakhs.
What was the reason for the farmers.
The Modi government has tried every effort to make the farmers happy in their budget. The government has fixed the budget of 75 thousand crore in the name of the farmers’ honor fund. Under this, 6 thousand rupees will be deposited directly to the small farmers every year. A total of 6,000 rupees will be transferred to the farmers in three installments of two to two thousand rupees a year.
About 200 million farmers will come to the family under this scheme of Modi Government. It is believed that as a result of the resentment of the farmers, the government has played the wager after taking lessons in the defeat of the three states.
Workers also got big relief.
In the Modi government’s electoral budget, middle classes, workers besides farmers, also got a special place. The people who work in the organized sector and earn 21 thousand rupees a month will be given a bonus of 7,000 rupees annually. Apart from this, the workers of more than 60 years of age will be given a pension of Rs 3000 each month. 10 crore laborers will come under this pension scheme. Besides, compensation has been increased to 6 lakhs on the death of workers.
Relief to those who buy home.
The budget also announced to give relief to GSTs in the GST. TDS has been abolished at the house rent up to 2.40 lakh rupees.
The Modi government also took steps to increase cow’s adherence. The cow also got place in the government’s budget. A budget of 750 crores has been announced for the cow. The government has announced the National Kamdhenu scheme. Simultaneously, the Government has announced a 2% rebate in the loan for animal husbandry and fisheries.
Village to digital.
Piyush Goyal, connecting the village with development, has given special importance to the Prime Minister’s Rural Development Plan. He said that in the next 5 years, the target of creating one lakh digital villages has been set.
What remained in the budget for women.
Modi Government has started working towards transforming the lives of rural women. The government has set a target of 80 million LPG connections under the Ujjwala scheme to provide clean fuel. Out of this 6 million connections have been given. Motherhood scheme was implemented for pregnant women.
What did the defense and the railway get.
Defense sector also got a special place in this budget of the Modi Government. In the interim budget, the focus has been focused on the defense sector. A budget of Rs 3 lakh crore has been allocated for the defense sector. Presenting the interim budget, Acting Finance Minister Piyush Goyal said that our soldiers protect the country in tough conditions. The government takes care of the interests of the soldiers. He said that under the forest rank, one pension, the government has given Rs 35 thousand crore to retired soldiers. This demand of soldiers was pending for 40 years. In the interim budget, Indian Railways has been given a budget of Rs 1.58 lakh crore.