INTERIM BUDGET 2019-Facts & Opinion By Shivam Bajaj

Opinion, Facts & Analysis by Shivam Bajaj

But Why ????????

Budget is an estimation of revenue and expenses over a specified future period of time; it is compiled and re-evaluated on a periodic basis and this time has grabbed all the eyeballs and also is successful in capturing all the senses.  Individuals, workers & farmers always keep hopes from our government for them to give them the advantages.  1st Feb 2019,  is the date when Hon’ble. Minister Piyush Goyal (in the absence of Arun Jaitley) presented an Intern budget in the parliament.

Now I am sure you all must have already switched to your favorite news channels (after Selection as per the TRAI update). You all must be glued to your television screen by now, this time grab some popcorns and Pepsi as well, as most of your channels have started showing you the updates with all the Gram Masala, Spices & whatnot.

Just after that, it was Social Media which added some more flames to it in the form of memes, so now you have your perfectly grilled fries and along with them some pakoras as well. First of all let’s try to understand why an Intern Budget is presented: According to The Economic Times, The government of the day presents an interim budget if it does not have the time to present a full Budget or because national elections may be near. In the latter situation, propriety demands that the task of framing the full Budget be left to the incoming government. 

Now Without any further ado, let’s get to know about the highlights of the “Show”

Read More About Intern Budget Here Here

•  Single Window Clearance for Indian Films as well.
• Anti-Piracy Provisions in the Cinematograph Act

Know the News on Entertainment Budget

•  No Tax Slab on Income of up to 5 Lac Rupees (THIS WILL BENIFIT PEOPLE WITH LESS THAN 5 LAC INCOME).  If You Have an Income worth 5 Lac and goes up to 10 Lac then you would attract a tax slab of 20%- Remember they have now removed 10% slab.   & above 10L the slab is 30% . Still here is the Savings:

•  Rupee 6000 for farmers with 2acers of land- Remember, in today’s inflation this means that every family does not have a single member, with this fact just calculate this distribution in 5-6 member family. (*6000/Year in installments).   

• Kamdhenu Ayog Launched for Protection of Cows ( GAU MATA RESPECT).   – According to a Report Cow Terrorism Killed 23 people , women & children.

• Matra Vandana Yojana– Read this Booklet For More Information   –

• Unmanned Crossings Have Been Eliminated Yes They Have !! Read it Here. According to the times of India, There were 3,479 unmanned crossing and the state-run transport behemoth plans to get rid of the remaining 77 by the end of December of 2018 (Earlier Report)  

• 1L Villages Will Be Digitised in UPCOMING years- Remember that no comparison of 2014-2017 was done instead, we were being dreamt by this again.   

• One more thing was introduced which is “
  Standard Deduction
  ” this is now
  i
  increased to
  50,000 to an earlier limit of 40,000
  . Let me Explain this to you, earlier when you pay income tax, instead of claiming your HR (Housing Allowance, Dearness Allowance, Travel Allowance), you now have a single amount which you can claim or get it deducted instantly while filing the return.

   

• (NO MENTION OF THE SENIOR CTIZEN)  

• NO TDS WILL BE DEDUCTED FOR RENT- 1,40,000-2,40,000

• Rollover of Capital gains is now for 2 Houses which was earlier 1 

• Companies with less than 1 Crore Turnover will have to file GST only 1 Time in every 3 Months

• 50,000 Exemption in NPS (National Pension Scheme)

• Savings of 1.5 Lac on PPF (Public Provident Fund)

• Tax Deducation upto 2 Lac on Home Loan

• KISAAN CREDIT CARD SCHEME– Benifits for Farmers & fishermen { Extra Interest of 2 Percent & 3 Percent on Payment & timeliness etc }

• Buisinesses upto 250 crore will attract 25% Tax Slab & not 30%

• Extra Interest for Fishermen 

• Special Fish Department to protect Global Fish Exports

• Vande Bharat ,Train 18 Launched  

_________________________________________________________________________________

Here is what Salman Annez, A Development Consultant needs to say:

I  just Sometimes doubt that why only people from “Fancy” High Posts during this government leave their high-profile jobs. These people from the party left, let’s find out when, why & how

1. Urjit Patel Resigned (Details Here)
2. Sarangkumar Patil was suspended after giving information about bullet train project Check the details here)
3. CBI Officer, Sudhanshu Dhar Mishra who was probing  “Kochar-Videocon” case, got transferred to Ranchi (Details Here)
4. P Manikyala Rao, resigns from his fancy MLA post, citing that the government is not able to fulfill promises. (Details Inside )
5.  Dalit MP Savitribai Phule quits BJP, says, its dividing nation (Details Inside)
6.  On on Side BJP MLA in Haryana Premises Guns & gunmen, cash ( Details Here)
7.  Shivam Shankar Singh, BJP Member Leaves BJP among polarisation. ( Here is the Report)
8.  Navjot Singh Sidhu left his seat. Just remember people are ready to spend crores of rupees just to get that seat.