Exemptions from GST for small businesses has been doubled from ` 20 lakh to ` 40 lakh.The benefit of rollover of capital gains under section 54 of the Income Tax Act will be increased from investment in one residential house to two residential houses for a tax payer having capital gains up to ` 2 crore.5 crore have been given an attractive composition scheme wherein they pay only 1 per cent flat rate and have to file one annual return only.When natural calamities strike, farmers are generally unable to repay their crop loans.06 crore people filing income tax returns for the first time in FY 2017-18 is mainly on account of demonetization. The sector provides livelihood to about 1.We have focussed on supporting domestic trade and services.High growth and formalistation of the economy has led to the expansion of employment opportunities as shown in EPFO membership, which has increased by nearly 2 crore in two years reflecting formalisation of the economy and job creations.” It is a holistic programme and has succeeded in changing the mindset of our people. The programme would be made effective from 1st December 2018 and the first instalment for the period upto 31st March 2019 would be paid during this year itself.Madam Speaker, the last five years have witnessed a wave of next generation structural reforms, which have set the stage for decades of high growth.More than 70 per cent of the beneficiaries of Pradhan Mantri MUDRA Yojana are women who are getting affordable and collateral-free loans to start their own businesses.To ensure provision of easy and concessional credit and to bring all farmers under KCC fold, our Government has decided to initiate a comprehensive drive with a simplified application form. From being the 11th largest economy in the world in 2013-14, we are today the 6th largest in the world.38 Lakh crore in 2013-14 to almost ` 12 lakh crore this year. Outstanding loans of public sector banks ballooned from Rs 18 lakh crore to Rs 52 lakh crore during this period. GST-registered SME units will get 2pc interest rebate on incremental loan of ` 1 Crore.Currently, income tax on notional rent is payable if one has more than one self-occupied house. Our Government has rolled out the Ayushman Bharat scheme. Digital India RevolutionMadam Speaker, India is now leading the world in the consumption of mobile data. Now returns are fully online and e-way bill system is in place. More than 35 lakh small traders, manufacturers and service providers will benefit from these trader friendly measures. Our Government has now approved a path breaking, technology intensive project to transform the Income-tax Department into a more assessee-friendly one. This programme will entail an annual expenditure of ` 75,000 crore. A National Artificial Intelligence portal will also be developed soon. A grand edifice will be erected with their support. Growth of 18pc in direct tax collection in 2017-18 and increase in tax base by as many as 1. Projects stuck for decades like the Eastern Peripheral Highway around Delhi or the Bogibeel rail-cum-road bridge in Assam and Arunachal Pradesh have been completed.

This will reduce the interface between the tax payer and the Government for day-to-day operations and assessments. Lakhs of poor and middle class people are also benefiting from reduction in the prices of essential medicines, cardiac stents and knee implants, and availability of medicines at affordable prices through Pradhan Mantri Jan Aushadhi Kendras.The Income Tax Department now functions online. In our Election Manifesto, we had promised to implement One Rank One Pension (OROP).The people of North East have also received significant benefits of infrastructure development. Allocation for National Education Mission is being increased from ` 32,334 crore in RE 2018-19 to ` 38,572 crore in BE 2019-20. This reflect a high increase considering low inflation. The programme has achieved notable results with improved performance on all indicators - health and nutrition, education, agriculture and water resources, financial inclusion and skill development.5 lakh to ` 6 lakh. Our Government will introduce container cargo movement to the North East as well, by improving the navigation capacity of the Brahmaputra river. Threshold limit for presumptive taxation of business was raised from` 1 crore to ` 2 crore. The Railways’ overall capital expenditure programme is of ` 1,58,658 crore.There are 21 AIIMS operating or being established in the country presently.PM-KISAN would not only provide assured supplemental income to the most vulnerable farmer families, but would also meet their emergent needs especially before the harvest season. Domestic workers are also engaged in big numbers. India’s installed solar generation capacity has grown over ten times in last five years.The Aspirational Districts Programme is providing targeted development to the 115 most backward districts of the country. The Government received over ` 1 lakh crore from disinvestment proceeds during 2017-18.Madam Speaker, past five years have seen massive scale up of health care.

The amendments proposed would usher in a very streamlined system. For securing our borders and to maintain preparedness of the highest order, if necessary, additional funds would be provided. Special benefits and incentives were also given to small businesses and start-ups.We have worked to bridge the urban-rural divide in the country. This pension yojana shall provide them an assured monthly pension of ` 3,000 from the age of 60 years on a monthly contribution of a small affordable amount during their working age. Nine priority areas have been identified. Allocation for Integrated Child Development Scheme (ICDS) is being increased from ` 23,357 crore in RE 2018-19 to ` 27,584 crore in BE 2019-20. The Fiscal Programme for 2019-20 and beyondThe estimate of incomes and expenditure which I am presenting today, pegs the fiscal deficit of year 2019-20 at 3.

An amount of close to Rs 3 lakh crore has already been recovered in favour of banks and creditors.e. Therefore, proposals, particularly relating to such class of persons should not wait. We have given a corruption free government.5 per cent of GDP this year. Stamp duties would be levied on one instrument relating to one transaction and get collected at one place through the Stock Exchanges. The ceiling of ESI’s eligibility cover has been increased from ` 15,000 pm to ` 21,000 pm. I thank the 130 core people of the nation for the success of Swacch Bharat Abhiyan who adopted it whole heartedly. Our Government has recently assigned the subject of “promotion of internal trade including retail trading and welfare of traders, and their employees” to the Department of Industrial Policy and Promotion, which will now be renamed as the Department for Promotion of Industries and Internal Trade. This major leap in wholly developed technology by our engineers will give an impetus to the Make in India programme and create jobs. Our Government will also set up a Welfare Development Board under the Ministry of Social Justice and Empowerment specifically for the purpose of implementing welfare and development programmes for De-notified, Nomadic and Semi-Nomadic communities. Empowering MSMEs and TradersGovernment has undertaken many effective steps to strengthen MSME sector, which provides employment to crores of people.4pc of GDP. Pradhan Mantri Gram Sadak Yojana (PMGSY) is being allocated ` 19,000 crore in BE 2019-20 as against ` 15,500 crore in RE 2018-19.We will transform India into a leading nation of the world with the help of our people. These communities are hard to reach, less visible, and therefore, frequently left out. This sector is now creating lakhs of new age jobs. The ceiling of payment of gratuity has been enhanced from ` 10 lakhs to ` 20 lakhs. Deduction of savings under section 80C was increased from‘1 lakh to ` 1. The benefit of presumptive taxation was extended for the first time to small professionals fixing threshold limit at ` 50 lakh. Through a transparent and accountable process, we recognised these NPAs. For the Scheduled Tribes also, proposed allocation in 2019-20 BE is ` 50,086 crore as against `39,135 crore in BE 2018-19, an increase of 28pc.

Finance Minister Piyush Goyal presented the interim Budget for 2019-20 in the Lok Sabha on Friday. All Unmanned Level Crossings on broad gauge network have been eliminated. With the people participation, they transformed it from a Government Scheme to a national movement. India’s Debt to GDP ratio was 46. CleanlinessAs a tribute to Mahatma Gandhi’s 150th birth anniversary in 2019, our Government initiated the world’s largest behavioural change movement with the Swachh Bharat Mission.TDS threshold on interest earned on bank/post office deposits is being raised from ` 10,000 to ` 40,000. Soon, businesses comprising over 90 per cent of GST payers will be allowed to file China throttle cable for lawn mower quarterly return. Our youth will lead us in this endeavour with innumerable start-ups creating digital India, and millions of jobs in this eco-system. Due to this, the tax collections increased significantly from ` 6. We will also build a quality, science oriented educational system with Institutes of Excellence providing leadership at the top. Our coastline and our ocean waters powering India’s development and growth is the Sixth Dimension of our Vision. Hence, there is a need for providing structured income support to the poor land-holder farmer families in the country for procuring inputs such as seeds, fertilizers, equipment, labour etc. We have reversed the policy paralysis engulfing the nation and have restored the image of the country. The previous Governments announced it in three budgets but sanctioned a mere ` 500 crore in 2014-15 Interim Budget; in contrast we have already disbursed over ` 35,000 crore after implementing the Scheme in its’ true spirit. All the transformation that we are witnessing, is because of the passion of the people of our nation. Let me assure them that we have used their contribution to serve the poor and create better infrastructure. We brought down average inflation to 4.5 lakh. Introduction of the first indigenously developed and manufactured semi high-speed “Vande Bharat Express” will give the Indian passengers world class experience with speed, service and safety. Our space programme – Gaganyaan, India becoming the launch-pad of satellites for the World and placing an Indian astronaut into space by 2022 reflect this dimension of our vision. Earlier, a poor man used to be in dilemma whether to fulfil daily needs of the family or save the life of an ailing member. We are poised to become a Five Trillion Dollar Economy in the next five years and aspire to become a Ten Trillion Dollar Economy in the next 8 years thereafter.56 crore loans have been disbursed amounting to `7,23,000 crore. I have increased the allocation for Rashtriya Gokul Mission to `750 crore in the current year itself. For the first time, container freight movement has started on inland waterways from Kolkata to Varanasi. Further, in case of timely repayment of loan, they will also get an additional 3 per cent interest subvention. Presently, the crop loans are rescheduled for such affected farmers and they get benefit of interest subvention of 2 per cent only for the first year of the rescheduled loan. Aadhaar is now near universally implemented. The Government also announced substantial hike in the Military Service Pay (MSP) of all service personnel and special allowances given to Naval and Air Force personnel deployed in high risk duties.