Modi's election Budget: The fine print

THE ECONOMIC TIMES Fri, Feb 01, 2019 | 05:57 PM IST Budget Headlines

The final analysis: Who got what from Goyal, and who missed out on what Goyal showered tax sops for the middle class and announced an annual income support of Rs 6,000 for small farmers as he presented a please-all Budget on Friday. Winners and losers in Narendra Modi's Interim Budget The budget includes big announcements such as a major income support scheme for farmers and a new pension program for workers. How you can now pay zero tax even if your salary is Rs 7.75 lakh As per Budget, individuals with annual income up to Rs 5 lakh will get full tax rebate under section 87A. Devil in details: Only those with income up to Rs 5 lakh pay no tax Anyone with net taxable income above Rs 5 lakh will not be able to avail this tax benefit. The full text of Budget 2019 Speech by FM Piyush Goyal To promote entertainment industry - Single window clearance for ease of shooting films, available only to foreigners, is now going to be made available to Indian filmmakers as well. How today's budget gave little to the rich and a lot to the poor The bigger gainers are all individuals with net taxable income up to Rs 5 lakh who will not have to pay any tax as per Budget 2019 proposals. Modi's election budget explained in 10 easy points In a slew of mega announcements, the government announced tax sops for middle class, income scheme for farmers. Why this budget is unethical and iniquitous The level of inequity and lack of ethics in the present budget are irresponsible beyond a little populism. At Rs 3 lakh crore, here comes India's largest-ever defence budget However, going by the figures provided by the Defence Ministry last year, the hike is only Rs 9,785 crore, which is a meagre 3.3 per cent. Jaitley's post-budget blog gives a peek into his fiscal optimism He said that the government has made massive efforts to improve the rural life in the country citing the number of schemes announced in the past to improve the plight of the farmers. Budget paves the way for more state-of-the-art rail coaches The term rolling stock in rail transport refers to any vehicle that moves on rail tracks. It includes coaches, wagons and train sets. Budget outlines govt's plan to create 1 lakh digital villages in 5 years Presenting the concept in the interim Budget, the finance minister said that the government has set an aim of buidling 1 lakh digital villages in the next 5 years. The big highlights: Who got what gift from Modi in election year In its final budget before this year's polls, Modi govt announced some mega sops for various categories. Your affordable home may've just got even more affordable Affordable housing projects registered up to 2020 would have tax exempted under 80 I B. This one year exemption would benefit new projects. Interim Budget: Good bye to Direct Tax reforms? Ideally, the NDA government should have waited for the DTC panel to present its report.

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