Budget 2019:

5 big announcements of Modi Government, you will get such advantage

Budget 2019 Highlights : The Modi Government presented the last budget of its tenure on Friday. During this, the Finance Minister made many big announcements.

Union Budget 2019-20 India:

The Modi government presented the last budget of its tenure on Friday. During this, the Finance Minister made many big announcements. These announcements are related to income tax, farmers, employees, defense budgets and digital India. 5 Learn about the big announcements in this report.

Income Tax:

The Modi Government has made income up to 5 lakh tax free. Tax on the first 2.5 lakh rupees will not taken. The Finance Minister claims that 30 million taxpayers in the country will benefit from this decision.

Apart from this, standard deduction has been increase from 40 thousand to 50 thousand rupees. The government says that if tax payers save, then they will not have to pay any tax on income up to Rs 6.5 lakh. Apart from this, the limit of HRA has also been increase. Earlier this limit was Rs 1.8 lakh, which is now 2.4 lakh.

Farmer:

The Finance Minister says that minimum support cost of all 22 crops was fixd at 50 per cent more. At the same time, 6 thousand rupees will be deposited annually in small farmers accounts. Farmers will get this amount in two installments every year. The first installment has been released in December 2018, which will come soon in bank accounts. It will benefit farmers of 2 hectares of agricultural land.

Employee Pension:

The Finance Minister said that the employees working for domestic assistance will be given pension under the ‘Prime Minister Shramogi Mudhodhan scheme. About 100 million unorganized workers who earn 15 thousand rupees per month will get this benefit.

For this, the government will give 500 crores rupees. At the same time, the limit for gratuity received from employees increased from 10 lakh to 20 lakh rupees. Lower income workers will get Rs. 3000 / – per month after the age of 60 years on contribution of 100 rupees per month.

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Apart from this, the amount of compensation increased from 2.5 lakh to 6 lakh rupees after the death of the worker. Apart from this, the bonus of workers was increased to 7 thousand rupees. Those who earn monthly salary of 21 thousand rupees will get the bonus.

Defense budget:

Finance Minister Piyush Goyal said that this time the defense budget has been more than Rs 3 lakh crore, which is the highest in the history of the country. The Finance Minister has claimed that we have run a terrorism-free government.

Digital India:

Finance Minister Piyush Goyal said that the use of mobile data has increased by 50 times at this time. Our government has brought digital revolution in the country. He claimed that mobile data is the cheapest in India compared to the whole world. At the same time, the government also announced the creation of one lakh digital villages in the next 5 years. The Finance Minister also spoke of the emphasis on digital economy.

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