BPSC (Bihar) Exam > BPSC (Bihar) Notes > Indian Economy for State PSC Exams > Highlights: Union Budget 2019-20
Highlights: Union Budget 2019-20 | Indian Economy for State PSC Exams - BPSC (Bihar) PDF Download
| Download, print and study this document offline |
Please wait while the PDF view is loading
Page 1
1
Vision to become $5
trillion economy driven
by ‘virtuous cycle’ of
investment
India becomes sixth
largest economy
Pradhan Mantri
Matsya Sampada
Yojana (PMMSY)
Establish robust
fisheries management
framework
Scheme of faceless
electronic tax
assessment
Aadhaar and PAN to be
interchangeable
Enhanced interest
deduction for affordable
housing loan
Tax benefits for
corporate tax payers
Reform, Perform,
Transform agenda:
GST, IBC, RERA etc.
Changing common
man’s life:
MUDRA, UJJWALA,
SAUBHAGYA etc.
KEY
FEATURES
OF BUDGET
2019-20
? Vision for $5 trillion
economy driven by
investment
? Transforming rural lives
? New Jal Shakti
Mantralaya to ensure Har
Ghar Jal
? Enhancing ease of direct
and indirect taxation
? Strengthening
connectivity
Infrastructure
? Gandhipedia to sensitize
society
? India’s soft power
? Harnessing India’s space
abilities
Pradhan Mantri
Karam Yogi
Maandhan
Pension benefits to
retail traders and small
shopkeepers
Page 2
1
Vision to become $5
trillion economy driven
by ‘virtuous cycle’ of
investment
India becomes sixth
largest economy
Pradhan Mantri
Matsya Sampada
Yojana (PMMSY)
Establish robust
fisheries management
framework
Scheme of faceless
electronic tax
assessment
Aadhaar and PAN to be
interchangeable
Enhanced interest
deduction for affordable
housing loan
Tax benefits for
corporate tax payers
Reform, Perform,
Transform agenda:
GST, IBC, RERA etc.
Changing common
man’s life:
MUDRA, UJJWALA,
SAUBHAGYA etc.
KEY
FEATURES
OF BUDGET
2019-20
? Vision for $5 trillion
economy driven by
investment
? Transforming rural lives
? New Jal Shakti
Mantralaya to ensure Har
Ghar Jal
? Enhancing ease of direct
and indirect taxation
? Strengthening
connectivity
Infrastructure
? Gandhipedia to sensitize
society
? India’s soft power
? Harnessing India’s space
abilities
Pradhan Mantri
Karam Yogi
Maandhan
Pension benefits to
retail traders and small
shopkeepers
2
Shipping and
Inland
waterways
Rail
Road
Bharatmala phase 2 to be
launched. State road
networks will be developed
92
96
100
2017-182018-19
(RE)
2019-20
(BE)
98.4
96.2
95
Operating Ratio improving
Air
UDAAN: Number of
Operational Airports crossed
100
World’s third largest
domestic aviation
market
Jal Marg Vikas project and Sagarmala initiatives: improving
logistics, reducing transportation cost and increasing
competitiveness.
PPP in railways infra
development
657 km Metro rail network
already operational.
National Common Mobility
Card launched.
PUSH TO INVESTMENT: INFRASTRUCTURE DEVELOPMENT
Page 3
1
Vision to become $5
trillion economy driven
by ‘virtuous cycle’ of
investment
India becomes sixth
largest economy
Pradhan Mantri
Matsya Sampada
Yojana (PMMSY)
Establish robust
fisheries management
framework
Scheme of faceless
electronic tax
assessment
Aadhaar and PAN to be
interchangeable
Enhanced interest
deduction for affordable
housing loan
Tax benefits for
corporate tax payers
Reform, Perform,
Transform agenda:
GST, IBC, RERA etc.
Changing common
man’s life:
MUDRA, UJJWALA,
SAUBHAGYA etc.
KEY
FEATURES
OF BUDGET
2019-20
? Vision for $5 trillion
economy driven by
investment
? Transforming rural lives
? New Jal Shakti
Mantralaya to ensure Har
Ghar Jal
? Enhancing ease of direct
and indirect taxation
? Strengthening
connectivity
Infrastructure
? Gandhipedia to sensitize
society
? India’s soft power
? Harnessing India’s space
abilities
Pradhan Mantri
Karam Yogi
Maandhan
Pension benefits to
retail traders and small
shopkeepers
2
Shipping and
Inland
waterways
Rail
Road
Bharatmala phase 2 to be
launched. State road
networks will be developed
92
96
100
2017-182018-19
(RE)
2019-20
(BE)
98.4
96.2
95
Operating Ratio improving
Air
UDAAN: Number of
Operational Airports crossed
100
World’s third largest
domestic aviation
market
Jal Marg Vikas project and Sagarmala initiatives: improving
logistics, reducing transportation cost and increasing
competitiveness.
PPP in railways infra
development
657 km Metro rail network
already operational.
National Common Mobility
Card launched.
PUSH TO INVESTMENT: INFRASTRUCTURE DEVELOPMENT
3
Vision for
connectivity
infrastructure
Housing
Promotion of rental
housing: Model tenancy law
to be finalised.
Water
grids
Regional
airports
Power
grids
I-ways
Gas
grids
Credit
Guarantee
Enhancement
Corporation to
be set up in
2019-20
Action plan to
deepen long
term bonds
market
To permit
transfer of
FII/FPI
investment in
debt securities
issued by IDF-
NBFCs to
domestic
investors
PUSH TO INVESTMENT: INFRASTRUCTURE DEVELOPMENT
Houses under PMAY-U:
Sanctioned: 81 lakh
Construction started: 47 lakh
Completed: 26 lakh
Delivered: 24 lakh
Measures for boosting infrastructure financing
Page 4
1
Vision to become $5
trillion economy driven
by ‘virtuous cycle’ of
investment
India becomes sixth
largest economy
Pradhan Mantri
Matsya Sampada
Yojana (PMMSY)
Establish robust
fisheries management
framework
Scheme of faceless
electronic tax
assessment
Aadhaar and PAN to be
interchangeable
Enhanced interest
deduction for affordable
housing loan
Tax benefits for
corporate tax payers
Reform, Perform,
Transform agenda:
GST, IBC, RERA etc.
Changing common
man’s life:
MUDRA, UJJWALA,
SAUBHAGYA etc.
KEY
FEATURES
OF BUDGET
2019-20
? Vision for $5 trillion
economy driven by
investment
? Transforming rural lives
? New Jal Shakti
Mantralaya to ensure Har
Ghar Jal
? Enhancing ease of direct
and indirect taxation
? Strengthening
connectivity
Infrastructure
? Gandhipedia to sensitize
society
? India’s soft power
? Harnessing India’s space
abilities
Pradhan Mantri
Karam Yogi
Maandhan
Pension benefits to
retail traders and small
shopkeepers
2
Shipping and
Inland
waterways
Rail
Road
Bharatmala phase 2 to be
launched. State road
networks will be developed
92
96
100
2017-182018-19
(RE)
2019-20
(BE)
98.4
96.2
95
Operating Ratio improving
Air
UDAAN: Number of
Operational Airports crossed
100
World’s third largest
domestic aviation
market
Jal Marg Vikas project and Sagarmala initiatives: improving
logistics, reducing transportation cost and increasing
competitiveness.
PPP in railways infra
development
657 km Metro rail network
already operational.
National Common Mobility
Card launched.
PUSH TO INVESTMENT: INFRASTRUCTURE DEVELOPMENT
3
Vision for
connectivity
infrastructure
Housing
Promotion of rental
housing: Model tenancy law
to be finalised.
Water
grids
Regional
airports
Power
grids
I-ways
Gas
grids
Credit
Guarantee
Enhancement
Corporation to
be set up in
2019-20
Action plan to
deepen long
term bonds
market
To permit
transfer of
FII/FPI
investment in
debt securities
issued by IDF-
NBFCs to
domestic
investors
PUSH TO INVESTMENT: INFRASTRUCTURE DEVELOPMENT
Houses under PMAY-U:
Sanctioned: 81 lakh
Construction started: 47 lakh
Completed: 26 lakh
Delivered: 24 lakh
Measures for boosting infrastructure financing
4
Startups
promotion
FAME Scheme Phase-2
commenced
Income tax deduction of interest on loans for e-vehicle
purchase
Push to
E-vehicles
Empowering
MSMEs and
social
enterprises
Exclusive TV channel
for startups
Changes in customs duties to promote Make in India
Interest subvention scheme
for MSMEs: `350 crore
allocated for 2019-20
Payment platform for bill
filing for MSMEs to be
created: to address delays
PUSH TO INVESTMENT: INDUSTRIAL DEVELOPMENT
Social stock exchange for
listing social enterprises and
voluntary organisations
E-verification for establishing investor
identity and source of funds to resolve
tax issues relating to fund raising
Make in India
Customs duty exemption on certain
e-vehicle parts
Page 5
1
Vision to become $5
trillion economy driven
by ‘virtuous cycle’ of
investment
India becomes sixth
largest economy
Pradhan Mantri
Matsya Sampada
Yojana (PMMSY)
Establish robust
fisheries management
framework
Scheme of faceless
electronic tax
assessment
Aadhaar and PAN to be
interchangeable
Enhanced interest
deduction for affordable
housing loan
Tax benefits for
corporate tax payers
Reform, Perform,
Transform agenda:
GST, IBC, RERA etc.
Changing common
man’s life:
MUDRA, UJJWALA,
SAUBHAGYA etc.
KEY
FEATURES
OF BUDGET
2019-20
? Vision for $5 trillion
economy driven by
investment
? Transforming rural lives
? New Jal Shakti
Mantralaya to ensure Har
Ghar Jal
? Enhancing ease of direct
and indirect taxation
? Strengthening
connectivity
Infrastructure
? Gandhipedia to sensitize
society
? India’s soft power
? Harnessing India’s space
abilities
Pradhan Mantri
Karam Yogi
Maandhan
Pension benefits to
retail traders and small
shopkeepers
2
Shipping and
Inland
waterways
Rail
Road
Bharatmala phase 2 to be
launched. State road
networks will be developed
92
96
100
2017-182018-19
(RE)
2019-20
(BE)
98.4
96.2
95
Operating Ratio improving
Air
UDAAN: Number of
Operational Airports crossed
100
World’s third largest
domestic aviation
market
Jal Marg Vikas project and Sagarmala initiatives: improving
logistics, reducing transportation cost and increasing
competitiveness.
PPP in railways infra
development
657 km Metro rail network
already operational.
National Common Mobility
Card launched.
PUSH TO INVESTMENT: INFRASTRUCTURE DEVELOPMENT
3
Vision for
connectivity
infrastructure
Housing
Promotion of rental
housing: Model tenancy law
to be finalised.
Water
grids
Regional
airports
Power
grids
I-ways
Gas
grids
Credit
Guarantee
Enhancement
Corporation to
be set up in
2019-20
Action plan to
deepen long
term bonds
market
To permit
transfer of
FII/FPI
investment in
debt securities
issued by IDF-
NBFCs to
domestic
investors
PUSH TO INVESTMENT: INFRASTRUCTURE DEVELOPMENT
Houses under PMAY-U:
Sanctioned: 81 lakh
Construction started: 47 lakh
Completed: 26 lakh
Delivered: 24 lakh
Measures for boosting infrastructure financing
4
Startups
promotion
FAME Scheme Phase-2
commenced
Income tax deduction of interest on loans for e-vehicle
purchase
Push to
E-vehicles
Empowering
MSMEs and
social
enterprises
Exclusive TV channel
for startups
Changes in customs duties to promote Make in India
Interest subvention scheme
for MSMEs: `350 crore
allocated for 2019-20
Payment platform for bill
filing for MSMEs to be
created: to address delays
PUSH TO INVESTMENT: INDUSTRIAL DEVELOPMENT
Social stock exchange for
listing social enterprises and
voluntary organisations
E-verification for establishing investor
identity and source of funds to resolve
tax issues relating to fund raising
Make in India
Customs duty exemption on certain
e-vehicle parts
5
4.3
4.8
1.7
1.3
1.1
0.7
1.8
2.1
0.0
1.0
2.0
3.0
4.0
5.0
6.0
CAD as % of GDP
GROWTH & MACRO-ECONOMIC STABILITY:
VISION FOR $5 TRILLION ECONOMY
7.4
8
8.2
7.2
6.8
6
6.75
7.5
8.25
GDP Growth rate (%)
Fastest growing major economy in the
world
11th largest economy in
2013-14
6th largest economy
in 2019-20
GDP
FDI
& FPI
CAD
5.6% of GDP
in 2013-14
2.1% of GDP
in 2018-19
India attracted $64.4 bn worth of FDI in
2018-19
Local sourcing norms to be eased for
FDI in single brand retail
100% FDI to be permitted for
Insurance intermediaries
Statutory limit for FPI investment in a
company increased to sectoral limit
Read More
|
127 videos|265 docs|127 tests
|
FAQs on Highlights: Union Budget 2019-20 - Indian Economy for State PSC Exams - BPSC (Bihar)
| 1. What are the key highlights of the Union Budget 2019-20? |  |
Ans. The key highlights of the Union Budget 2019-20 include the following:
- Introduction of a new tax slab with reduced income tax rates for individuals and HUFs.
- Proposal to simplify the GST return filing process.
- Allocation of funds for infrastructure development, such as roads, railways, and airports.
- Increase in the minimum public shareholding limit for listed companies.
- Focus on promoting digital payments and digital economy.
| 2. How will the new income tax slab benefit individuals and HUFs? | |
Ans. The new income tax slab introduced in Union Budget 2019-20 offers reduced tax rates for individuals and HUFs. The new tax rates are as follows:
- For income up to Rs. 2.5 lakh, no tax is applicable.
- For income between Rs. 2.5 lakh and Rs. 5 lakh, the tax rate is 5%.
- For income between Rs. 5 lakh and Rs. 10 lakh, the tax rate is 20%.
- For income above Rs. 10 lakh, the tax rate is 30%.
This change is expected to provide relief to middle-class taxpayers and incentivize higher savings and investments.
| 3. What are the proposed changes in the GST return filing process? | |
Ans. The Union Budget 2019-20 proposed to simplify the GST return filing process. The following changes were announced:
- A simplified GST return system will be introduced, which would require taxpayers to file only one monthly return.
- The earlier requirement of filing multiple returns, such as GSTR-1, GSTR-2, and GSTR-3, will be eliminated.
- A new simplified return form, called 'Sugam,' will be made available for small taxpayers with a turnover of up to Rs. 5 crore.
These changes aim to make the GST return filing process more user-friendly and reduce the compliance burden on taxpayers.
| 4. How does the Union Budget 2019-20 focus on infrastructure development? | |
Ans. The Union Budget 2019-20 emphasizes infrastructure development through various measures, including:
- Allocation of funds for the development of roads, railways, and airports.
- Introduction of the National Infrastructure Pipeline, which aims to invest Rs. 103 lakh crore in infrastructure projects over the next five years.
- Emphasis on the development of transport infrastructure, including the expansion of the metro rail network and the development of waterways.
These initiatives aim to boost economic growth, create employment opportunities, and improve connectivity across the country.
| 5. What steps are being taken to promote the digital economy in the Union Budget 2019-20? | |
Ans. The Union Budget 2019-20 focuses on promoting the digital economy through the following steps:
- Allocation of funds for the development of digital infrastructure, including the installation of fiber optic cables in rural areas.
- Introduction of a new payment platform for MSMEs to enable easy and secure digital payments.
- Proposal to levy a TDS (Tax Deducted at Source) of 2% on cash withdrawals exceeding Rs. 1 crore in a year, to discourage cash transactions and promote digital payments.
These measures aim to enhance digital connectivity, encourage digital transactions, and promote the adoption of digital technologies in the economy.
Related Exams
About this Document
|
2.7K Views |
|
4.94/5 Rating |
|
Oct 31, 2024 Last updated |
Document Description: Highlights: Union Budget 2019-20 for BPSC (Bihar) 2024 is part of Indian Economy for State PSC Exams preparation.
The notes and questions for Highlights: Union Budget 2019-20 have been prepared according to the BPSC (Bihar) exam syllabus. Information about Highlights: Union Budget 2019-20 covers topics
like and Highlights: Union Budget 2019-20 Example, for BPSC (Bihar) 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Highlights: Union Budget 2019-20.
Introduction of Highlights: Union Budget 2019-20 in English is available as part of our Indian Economy for State PSC Exams
for BPSC (Bihar) & Highlights: Union Budget 2019-20 in Hindi for Indian Economy for State PSC Exams course.
Download more important topics related with notes, lectures and mock test series for BPSC (Bihar)
Exam by signing up for free. BPSC (Bihar): Highlights: Union Budget 2019-20 | Indian Economy for State PSC Exams - BPSC (Bihar)
Description
Full syllabus notes, lecture & questions for Highlights: Union Budget 2019-20 | Indian Economy for State PSC Exams - BPSC (Bihar) - BPSC (Bihar) | Plus excerises question with solution to help you revise complete syllabus for Indian Economy for State PSC Exams | Best notes, free PDF download
Information about Highlights: Union Budget 2019-20
In this doc you can find the meaning of Highlights: Union Budget 2019-20 defined & explained in the simplest way possible. Besides explaining types of
Highlights: Union Budget 2019-20 theory, EduRev gives you an ample number of questions to practice Highlights: Union Budget 2019-20 tests, examples and also practice BPSC (Bihar)
tests
|
127 videos|265 docs|127 tests
|
Download as PDF
|
Explore Courses for BPSC (Bihar) exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Objective type Questions
,mock tests for examination
,practice quizzes
,shortcuts and tricks
,Free
,past year papers
,Exam
,Extra Questions
,ppt
,Highlights: Union Budget 2019-20 | Indian Economy for State PSC Exams - BPSC (Bihar)
,MCQs
,Highlights: Union Budget 2019-20 | Indian Economy for State PSC Exams - BPSC (Bihar)
,Previous Year Questions with Solutions
,study material
,Viva Questions
,video lectures
,Semester Notes
,Sample Paper
,Important questions
,Highlights: Union Budget 2019-20 | Indian Economy for State PSC Exams - BPSC (Bihar)
,Summary
;
Additional Information about Highlights: Union Budget 2019-20 for BPSC (Bihar) Preparation
Highlights: Union Budget 2019-20 Free PDF Download
The Highlights: Union Budget 2019-20 is an invaluable resource that delves deep into the core of the BPSC (Bihar) exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the Highlights: Union Budget 2019-20 now and kickstart your journey towards success in the BPSC (Bihar) exam.
Importance of Highlights: Union Budget 2019-20
The importance of Highlights: Union Budget 2019-20 cannot be overstated, especially for BPSC (Bihar) aspirants.
This document holds the key to success in the BPSC (Bihar) exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
Highlights: Union Budget 2019-20 Notes
Highlights: Union Budget 2019-20 Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to Highlights: Union Budget 2019-20.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, Highlights: Union Budget 2019-20 Notes on EduRev are your ultimate resource for success.
Highlights: Union Budget 2019-20 BPSC (Bihar) Questions
The "Highlights: Union Budget 2019-20 BPSC (Bihar) Questions" guide is a valuable resource for all aspiring students preparing for the
BPSC (Bihar) exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study Highlights: Union Budget 2019-20 on the App
Students of BPSC (Bihar) can study Highlights: Union Budget 2019-20 alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Highlights: Union Budget 2019-20,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Highlights: Union Budget 2019-20 is prepared as per the latest BPSC (Bihar) syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup