Highlights of Union Budget 2019-20 UPSC Notes | EduRev

Environment and Additional Topics for UPSC Prelims

UPSC : Highlights of Union Budget 2019-20 UPSC Notes | EduRev

 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 
 
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