Key Highlights from Union Budget 2019

For the first time in the history of Indian Budget speeches, the word ‘startup’ was mentioned 18 times in the 127-minute-long budget speech by the Finance Minister Nirmala Sitharaman.

Here’s are the key highlights from the #UnionBudget2019

Union Budget 2019

1. India will target to become a $3 Tn economy in FY20: Sitharaman

2. The government will examine suggestions of further opening up of #FDI in aviation, media, insurance sectors

3. Govt. aims to make India a global hub of EV manufacturing

4. Additional income-tax deduction of INR 1.5 Lakh on the interest paid on loans taken to purchase EVs

5. New education policy would focus on skill development among technology-intensive sectors such as —AI, Robotics & Big Data Education

6. Govt. proposes making #PAN & #Adhaar interchangeable

7. #Agritech sector given broad direction with a focus on Zero Budget Farming

8. Fee of 2% TDS on cash withdrawal exceeding INR 1 Cr in a year from a bank account

9. Govt will set up e-verification to identify the source of investor funds

10. Faceless assessment in electronic mode will be introduced for income taxpayers

11. One woman in every #SELFHELPGROUP will also be made eligible for a loan up to INR 1 Lakh under the MUDRA Scheme


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