-Fiscal deficit contained at 3.4%.
-Direct taxes have climbed 78% in last 5 years to cross 11.37 lac Cr
-Indian economy is now valued at USD 2.7 trn. Govt targets USD 5 trn before 2024.
-Focus on Water for all by 2024 and affordable housing by 2022.
-Govt to expand Swach bharat mission to cover solid waste mgt.
-Focus on distribution of Solar chargers to every household like LED distribution under
-FDI in insurance, aviation sector to be hiked. 100% FDI permitted for insurance
-Govt to hasten strategic disinvestment of PSE’S. Disinvestment target is pegged at
1,05,000 Cr for FU2020. To consider whether Govt can go below 51% stake in
-Investment linked tax benefit for manufacture of solar chargers.
-To hike limits for Foreign investments in some companies.
-To streamline labor laws into four categories.
-Govt will start raising part of its Gross borrowing programme in external markets in
-New exchange for listing of Social orgainsations and NGO’S to enable fund raining.
-Govt will work with excahnges to allow AA bonds as collateral.
-NRI portfolio route to be meged with FPI.
-Credit guarantee enhancement corporation to be set up to depeen markets for long term bonds with special focus on infra sector.
-PSU banks to get Rs 70000 Cr capital infusion.
-Sounds NBFC’S to get funds from banks and requirement of debenture reservation fund
has been done away with.
-One time 6 month partial credit guarantee to be given to PSU’S for purchase of high rated
pool assets of sound NBFC’S amounting to Rs 1 lac Cr in FY 20.
-Govt to upgrade 125000 km of roads and carry out comprehensive restructuring of
National highways programme.
-Sadak Yojana will get Rs 80250 Cr.
-Govt to allow aircraft financing and leasing and reinitiate privatisation of Air India.
-One nation, One power grid scheme.
-Local sourcing norm eased for single brand retial.
-Digital transactions promoted by waiving all MDR charges.
-RBI to regulate housing finance companies and a new tenancy law will be rolled out.
-Additional tax deduction of 1.5 lacs on interest paid on home loans taken up to March
-Pension benefit to 3 Cr retail traders if turnover is less than Rs 1.5 Cr..
-Centre to create new platform for MSME’S for payment of bills.
-Start ups are not required to justify fair market value of shares issued under Category
-Capital gains exemption for sale of start ups extended.
-Railways will be encouraged to invest more in metro rail and suburban networks.
-National research foundation to be set up to fund and promote research. Study in India
programme for foreign students to be launched.
-Aadhar Cards for NRI’S to be issued without waiting for 180 days period.
Taxation: PAN and Aadhar interchangeable.
-Corporate tax of 25% -turnover limit enhanced to 400 Cr.
-Surcharge on super rich having taxable income above Rs 2 Cr.
-Simplified GST from in offing.
-Basic customs duty hiked on auto parts, optical fibres, digital camera and a few more
-Customs duty on Gold increased from 10% to 12.5%.
-Rs 1 Cess on Petrol and diesel.
-Customs duty on certain parts of electric vechiles removed.
Rupee has gained after early weakness and is now at 69.47, 10 Year Yield has declined to
6.67% and Equity indices are down 0.85%.