Finance Minister Nirmala Sitharaman presented a general budget in the Lok Sabha on Friday. This was the first budget of the second term of the Modi government. In this budget, the finance minister stressed on the farmers, women and rural India. The government has come to power with a huge majority, so the target is big. In his speech for 125 minutes, Nirmala Sitharaman announced big plans like every house electricity, every tap water, study in India in the budget. Read the big things of the first speech of Modi Government 2.0 here and understand the entire budget …
1. The duty on gold has been increased from 10 percent to customs duty to 12.5 percent.
2. Extra charges will be imposed on tobacco.
3. An additional cess of 1-1 rupees will be levied on petrol and diesel. This means that petrol and diesel will be expensive in the next few days
4. The Modi Government has shocked the people who earn more. Now, those earning between 2 and 5 million rupees per year will get 3% surcharge and at the same time earning more than 5 crore rupees will have 7 percent surcharge.
5. If any person withdraws more than 10 million rupees in a year from the bank, then 2% will be levied on TDS. I.e., to remove more than 1 crore rupees annually, 2 lakh rupees will be deducted in tax.
6. Finance Minister Now people will be able to pay their income tax by the Aadhaar card. That is, it is not necessary to have a PAN card now, the PAN and the Aadhaar card will work.
7. The Modi government has made a big announcement for the middle class. Now, buying a house of 45 lakh rupees will be given an additional 1.5 lakh rupees. The total rebate on the interest of the housing loan has now increased from 2 lakh to 3.5 lakh.
8. Apart from this, the purchase of an electric vehicle upto 2.5 lakh rupees will also be allowed. This is being done to promote euality.
9. Companies with turnover of upto Rs.400 crores will have to pay 25% corporate tax. Under this, 99 percent of the country's companies will come.
10. GST on E vehicles will be reduced from 12% to 5%.
11. Big discount for startup is announced. The start up will not have to pay Angel tax, as well as the Income Tax Department will not investigate them either.
12. Rs 1 lakh crore will be mobilized through disinvestment, which will also be disinvested in Air India.
13. Government announced that RBI will now directly control the lending companies.
14. The Government has announced new coins of rupees 1 to 20, which will be issued to the people soon. Coins of 1, 2, 5, 10 and 20 will be issued in the next few days.
15. The government is also pushing for foreign policy, for this, the government will insist on opening an embassy in those countries where we are not currently the embassy. The government wants to open four other embassies in the financial year 2019-20.
16. The government's target is to invest Rs 100 lakh crore in infrastructure in the next five years.
17. Government has made a big announcement for Indians living abroad. Now NRI will get the facility of issuing Aadhaar card while coming to India, and now they do not have to stay in India for 180 days.
18. Our government aims to make 17 tourist destinations world-class.
19. So far, the government has taken a loan of Rs 4 lakh crore from the NPA. Emphasis on economic reforms in the country will continue. The NPA has been withdrawn only on reforms. Credit growth in the country has gone above 13 percent.
20. 70 thousand crore rupees will be provided to public sector banks to promote credit. With the reforms, the bank's NPA has been reduced. We will take banking to every door.
21. Without the development of women the country can not develop. The Finance Minister announced that over 5000 rupees overdraft facility will be given to the pregnant women account holders.
22. There will be arrangements for a one lakh rupees currency loan separately for women.
23. Regarding electricity, he said that our government has distributed 36 million LED bulbs, through which the country's survival is 18431 crores annually.
24. Major railway stations are being modernized.
25. Under stand-up India scheme women will get benefit from ST-ST entrepreneurs. Programs will be started on the TV channel for start-up.
26. 125,000 km in the next five years The road will be constructed, 80 thousand 250 crores will be spent for this.
27. National Cleanliness Center will be built at Rajghat in Delhi.
28. Play India Plan has been announced. National Sports Education Board will also be formed.
29. The online course in the country is on the promotion. Along with this, 'Study' program will be launched in the country, in which foreign students will be called in India.
30. A separate law will be introduced for higher education. 400 crore rupees will be allocated for this.
31. New education policy will be brought. Research center on education policy will also be created. A National Research Foundation was announced to be created.
32. The ideal fare law will also be made.
33. India has only 3 colleges in the world's top 200 colleges, in such a way the emphasis is on increasing the number of government .
34. So far, 26 lakh houses have been completed, 24 lakh have been given the house. Our goal is to give home to everyone by 2022. Aiming to provide 1.95 crore houses in the country.
35. More than 95 percent of the cities have been declared ODF. Today there is a clean India App in the phone of one crore people.
36. 9.6 million toilets have been constructed since 2014. 5.6 lakh villages are now open from the open in the country. Government is committed to the expansion of Swachh Bharat Mission.
37. So far 20 million people have been digitally educated. To bridge the rural-urban gap, the government is encouraging the digital sector.
38. The government has constituted the Ministry of Water Supply for water. The goal of water supply is being implemented, 1500 blocks have been identified. Through this water will be transported to every house. The goal of the government is to reach every home by 2024.
39. 100 new clusters will be made in the country through 'Pahurti' scheme. 20 Technology Business Incubators will be set up, through which 20 thousand people will be trained.
40. Investment will now be promoted in agricultural infrastructure. 10 thousand new farmers will be the productive union, in the case of pulses, the country becomes self-sufficient. Our goal is to spend less on imports. Along with this, dairy works will also be encouraged. Anandarata can now be the energetic too. It is our goal to give the farmer the right price for his crop.
41. Media is also considering increasing the limit of foreign investment in the media. FDI will also be considered in the aviation and animation sector along with the media. Apart from this, 100 percent FDI is being considered in the Insurance Sector.
42. India has emerged as a major force in the field of space. Our government wants to increase this strength further and the ability to launch the satellite will be enhanced.
43. The Finance Minister announced that the scheme would be given to small shopkeepers, and in the same 59 minutes, there is also a plan to lend to all the shopkeepers. It will benefit more than 30 million small shopkeepers.
44. National Transport Card has been announced by the government. Which will be used in railways and buses. It can be operated with the help of the Rupee card, in which bus tickets, parking expenses, rail tickets can be all done together.
45. With this, the government has said that the MRO formula should be adopted. In which manufacturing, repair and operating formula will be implemented.
46. In his speech in the Finance Minister, our goal is to reform, performance and transform. The next big goal of our government is to promote the water way.
47. We are moving forward for forest nation, forest grid, whose blue print is being prepared.
48. He also announced that the government is pushing for increasing private participation in the railway. The PPP model will be implemented for the development of the railway. Need of investment of Rs.5 trillion crore for the development of rail infrastructure.
49. We are moving towards indigenous through Make in India. Apart from this, our government is also making the country modern. In which 657 km The Metro has been turned on, while 300 km New Metro project has been approved. Our next objective is to start the water route inside the country.
50. The Finance Minister put the target of the coming decade in front of the country in his budget. Our economy will reach $ 5 trillion in the next few years. During this, he enumerated that pollution free India, emphasis on medical equipment, water management, space program, Chandrayaan and Gaganayan counted points.
