Budget 2019: Budget for new India or to woo the voters?

The legislature revealed a between time spending plan with mega announcement for white collar class, provincial residents, agriculturists and disorderly division laborers. Watching out for the Lok Sabha surveys, government made a huge number of declarations to keep everyone content with duty sops for salaried class, coordinate salary for agriculturists and other social area plans.
Here are 7 key features Finance Minister Piyush Goyal's reported in Interim spending plan 2019.
1.Textation
2.Agriculture
3.Rural Sector
4.Employement
5.GST
6.Defence Budget
7.Bollywood

No pay assess up to ₹5 lakh; ₹6000 per annum for agriculturists with under 2 hectares of land; and a uber benefits conspire for the disorderly part laborers top the declarations made by Union Finance Minister Piyush Goyal in his Budget discourse.Fund Minister Piyush Goyal, in his interval Budget discourse on Friday, declared the formation of the Pradhan Mantri Kisan Samman Nidhi Scheme, which is gone for giving pay support to defenseless landholding agriculturists. What was striking about the declaration, in any case, was that he apportioned ₹20,000 crore for the plan for the current money related year.
The Finance Minister was anyway quiet on how these high-use plans would be financed. Truth be told, he even conceded that actualizing the agriculturists' salary exchange conspire was the motivation behind why the legislature would miss its financial shortfall target for the present year as well as for one year from now. He said the monetary shortfall would be 3.4% of GDP for both 2018-19 and 2019-20, contrasted and an objective of 3.3% and 3.1% individually.
While keeping charge rates unaltered, the Finance Minister declared that those procuring up to ₹5 lakh a year would be excluded from salary assess. This, he stated, viably implied that those winning ₹6.5 lakh a year would not have to settle regulatory obligation on the off chance that they made full utilization of the ₹1.5 lakh exception accessible under Section 80C of the Income Tax Act.

“This neo-middle class required certainties about their future tax liabilities and to save them from the refund process, we have given benefit to this category,” Mr. Goyal said.

In another move intended to speak to the majority, the Finance Minister said the Tax Deduction at Source (TDS) limit on premium earned on bank/post office stores has been proposed to be raised from ₹10,000 to ₹40,000. Further, the TDS limit for finding of duty on lease has additionally been proposed to be expanded from ₹1,80,000 to ₹2,40,000.
In an offer to prevail upon casual specialists, the Finance Minister declared the Pradhan Mantri Shram Yogi Maandhan Scheme intended to guarantee a settled month to month benefits of ₹3,000 every month for casual segment laborers over the age of 60. The commitment would be ₹100 every month for those joining the plan at 29 years old, while it would just ₹55 per month for those joining at 18 years old. The administration will coordinate the month to month commitments with its very own equivalent commitment.He likewise proposed to absolved the impose of salary assess on notional lease on a second self-involved house. As of now, pay charge on notional lease is payable on the off chance that one has more than one self-involved house.

Rural Sector
Budgetary allotment of Rs 19,000 crore for development of provincial streets under Gram Sadak yojana in 2019/20. Government to apportion Rs 60,000 crore for a MNREGA plot.

Defence Budget

Government expanded defence budget plan to over Rs 3 lakh crore. Govt will give extra assets to Defense, if necessary. Rs 35,000 crore has been dispensed under OROP plot over the most recent couple of years.

Bollywood

Break spending plan additionally presented a solitary window freedom for filmmaking will be made accessible for Indian movie producers. This was already accessible just to remote producers. In a move to battle film robbery, an enemy of camcording arrangement in the Cinematography Act is likewise presented.