{"id":5367,"date":"2019-07-05T17:32:53","date_gmt":"2019-07-05T12:02:53","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=5367"},"modified":"2022-09-28T15:05:40","modified_gmt":"2022-09-28T09:35:40","slug":"union-budget-2019-highlights","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/union-budget-2019-highlights\/","title":{"rendered":"Union Budget 2019: Key Highlights"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Finally, the most awaited <strong>Union Budget 2019 of Second Modi Government<\/strong> is out. <strong>Finance Minister Nirmala Sitharam<\/strong> has presented the budget 2019 in the <strong>Lok Sabha on July 5, 2019<\/strong>. You can find the highlights and a detailed overview of the budget here. So continue reading until the end so that you don&#8217;t miss any crucial info. <\/p>\n\n\n\n<p><strong><em>But before we dig deep, let\u2019s find out the key highlight of the union budget 2019 &#8211;<\/em><\/strong><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a550aeb706e9\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a550aeb706e9\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/learning\/union-budget-2019-highlights\/#Key_highlights_of_Union_Budget_2019\" title=\"Key\nhighlights of Union Budget 2019\">Key\nhighlights of Union Budget 2019<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/union-budget-2019-highlights\/#Details_of_Union_Budget_2019\" title=\"Details of Union Budget 2019 \">Details of Union Budget 2019 <\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/learning\/union-budget-2019-highlights\/#Tax_Rates\" title=\"Tax\nRates\">Tax\nRates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/learning\/union-budget-2019-highlights\/#Banking_and_Finance\" title=\"Banking\nand Finance\">Banking\nand Finance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/learning\/union-budget-2019-highlights\/#Employment\" title=\"Employment\">Employment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/learning\/union-budget-2019-highlights\/#Indicators\" title=\"Indicators\">Indicators<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/learning\/union-budget-2019-highlights\/#Economy\" title=\"Economy\">Economy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/learning\/union-budget-2019-highlights\/#Digital_Transactions\" title=\"Digital\nTransactions\">Digital\nTransactions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/learning\/union-budget-2019-highlights\/#Women_Empowerment-_%E2%80%98Nari_tu_Narayaani\" title=\"Women Empowerment- \u2018Nari tu Narayaani\u2019 \">Women Empowerment- \u2018Nari tu Narayaani\u2019 <\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/swaritadvisors.com\/learning\/union-budget-2019-highlights\/#Research_and_Education\" title=\"Research\nand Education\">Research\nand Education<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/swaritadvisors.com\/learning\/union-budget-2019-highlights\/#Transportation\" title=\"Transportation\">Transportation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/swaritadvisors.com\/learning\/union-budget-2019-highlights\/#Railways\" title=\"Railways\">Railways<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/swaritadvisors.com\/learning\/union-budget-2019-highlights\/#Insurance_Intermediaries\" title=\"Insurance Intermediaries\">Insurance Intermediaries<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/swaritadvisors.com\/learning\/union-budget-2019-highlights\/#Skill_Development\" title=\"Skill\nDevelopment\">Skill\nDevelopment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/swaritadvisors.com\/learning\/union-budget-2019-highlights\/#Ease_of_living\" title=\"Ease\nof living\">Ease\nof living<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/swaritadvisors.com\/learning\/union-budget-2019-highlights\/#Swachh_Bharat_Mission\" title=\"Swachh\nBharat Mission \">Swachh\nBharat Mission <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/swaritadvisors.com\/learning\/union-budget-2019-highlights\/#Gandhi-pedia\" title=\"Gandhi-pedia\">Gandhi-pedia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/swaritadvisors.com\/learning\/union-budget-2019-highlights\/#Bahi-khata\" title=\"Bahi-khata\">Bahi-khata<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/swaritadvisors.com\/learning\/union-budget-2019-highlights\/#Experts_Opinion\" title=\"Expert&#8217;s Opinion\">Expert&#8217;s Opinion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_highlights_of_Union_Budget_2019\"><\/span>Key\nhighlights of Union Budget 2019<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>No change in personal <strong>income tax rate<\/strong>s <\/li><li>Petrol, diesel to get pricier: <strong>Govt. hike custom duty on fuel, gold, and precious items<\/strong> <\/li><li>Increase in surcharge on the <strong>super-rich: 3% surcharge for Rs 2 crore income; 7%<\/strong> on <strong>Rs 5 crore<\/strong> and above <\/li><li><strong>100% FDI<\/strong> for<strong> Insurance Broker<\/strong> and <strong>Insurance Web Aggregator<\/strong><\/li><li><strong>Annual turnover limit for 25%<\/strong> <strong>Corporate tax<\/strong> has increas<strong>ed to Rs 400 crore from Rs 250 crore <\/strong><\/li><li><strong>Taxpayers having an annual turnover of less than Rs. 5 crores<\/strong> need to file only quarterly<\/li><li>Increment in the <strong>Direct Tax Revenue by 78% <\/strong><\/li><li>Additional deduction on <strong>home loans of Rs. 1 lakh<\/strong><\/li><li><strong>PAN and Aadhaar<\/strong> have become interchangeable for <strong><a href=\"https:\/\/swaritadvisors.com\/income-tax-return-filing\">filing ITR<\/a><\/strong> who don&#8217;t have PAN cards<\/li><li><strong>2% TDS on withdrawals of Rs 1 crore<\/strong> in a year from b<strong>ank accounts for business transactions<\/strong><\/li><li>Government has waived-off all the additional or MDR charges on cashless payment<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Details_of_Union_Budget_2019\"><\/span>Details of Union Budget 2019 <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The interim budget announced on <strong>1<\/strong><sup><strong>st<\/strong><\/sup><strong> February 2019<\/strong> by the interim <strong>Finance Minister Mr. Piyush Goyal<\/strong> <a href=\"https:\/\/twitter.com\/piyushgoyal?lang=en\">[1]<\/a>  has been revised. And the final union budget for the <strong>year 2019-20<\/strong> has been announced by Nirmala Sitharam. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tax_Rates\"><\/span>Tax\nRates<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul><li>There has been <strong>no change in personal income tax rates<\/strong>, Rs 5 lakh minimum limit for taxpayers. <\/li><li>There\u2019s an additional <strong>tax relief of Rs. 1.5 lakh on home loans<\/strong>.<\/li><li>Companies with an annual turnover of Rs. 400 crores will now fall under the bracket of the <strong>corporate tax rate of 25%<\/strong>. <\/li><li>Import duty on gold and other precious items <strong>increased to 12.5% from 10%. <\/strong><\/li><li>An <strong>increment of 5%<\/strong> customs duty on printed books and magazines.<\/li><li>Additional deduction on the purchase of affordable houses on <strong>loan till 31st March 2020, Rs. 7 lakh tax benefits<\/strong> to home buyers. <\/li><li><strong>PAN and Aadhaar<\/strong> could be interchangeable. People without <strong>PAN can pay income tax using the Aadhaar Number<\/strong>. <\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Banking_and_Finance\"><\/span>Banking\nand Finance<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul><li>PSBs (<strong>Public Sector Banks<\/strong>) will receive <strong>Rs. 70,000 crore<\/strong> so that they can improve their credit and boost capital.&nbsp; <\/li><li>Furthermore, they will be equipped with technology to allow customer of one <strong>PSB<\/strong> to access service across all <strong>PSBs<\/strong> as well.<\/li><li>One time <strong>6 months partial credit guarantee to PSBs<\/strong> will be given for purchases made on <strong>high-rate pooled assets of financially sound NBFCs<\/strong> (Non-Banking Financial Companies) which amounts to <strong>Rs. 1 lakh crores during FY 2019-20<\/strong>. <\/li><li><strong>NPAs of commercial banks<\/strong> have brought down to <strong>Rs. 1 lakh crore<\/strong>. <\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Employment\"><\/span>Employment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul><li>20 technology business <strong>incubators and 80 livelihood business<\/strong> incubators will be <strong>set up in FY 2019-20 under ASPIRE<\/strong>. <\/li><li>In turn, it is expected to <strong>develop 75,000<\/strong> skilled entrepreneurs in <strong>agro-rural industries<\/strong>. <\/li><li>A <strong>television programme for Startups<\/strong> will be started on <strong>DD National<\/strong>. The start-ups themselves will design and execute this programme. <\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Indicators\"><\/span>Indicators<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul><li>The <strong>Sovereign external debt to GDP of India is less than 5%.<\/strong><\/li><li>Introduction of <strong>Rs. 20 coins<\/strong> soon. <\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Economy\"><\/span>Economy<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul><li>The government to start raising part of <strong>borrowing in foreign currency<\/strong>.<\/li><li><strong>Government external debt to GDP stands the lowest in the world.<\/strong><\/li><li>In the <strong>Financial Year 2019<\/strong>, the <strong>Fiscal deficit is found to be 3.3%<\/strong> of the GDP.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Digital_Transactions\"><\/span>Digital\nTransactions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul><li>For <strong>discouraging the business payments in cash, 2% TDS (Tax Deducted at Source)<\/strong> on the <strong>withdrawal of Rs. 1 crore<\/strong> or more in a year on business transactions.<\/li><li>Extra charges on <strong>digital payment waived<\/strong> off- No <strong>MDR charges on cashless payment<\/strong><\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Women_Empowerment-_%E2%80%98Nari_tu_Narayaani\"><\/span>Women Empowerment- \u2018Nari tu Narayaani\u2019 <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/07\/image-1.png\" alt=\"Nari tu Narayaani\" class=\"wp-image-5401\" width=\"453\" height=\"423\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/07\/image-1.png 483w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/07\/image-1-300x280.png 300w\" sizes=\"(max-width: 453px) 100vw, 453px\" \/><\/figure><\/div>\n\n\n\n<ul><li>For <strong>encouraging women empowerment<\/strong>, a campaign \u2018<strong>Naari tu Narayaani\u2019<\/strong> has been launched. Through this, the <strong>government expects the country to grow<\/strong> and progress with a <strong>greater number of women participation<\/strong>. <\/li><li>For <strong>encouraging women entrepreneurship<\/strong>, Women SHG (<strong>Self-Help Groups<\/strong>) <strong>Interest Subvention Programme<\/strong> will be started in all the districts across the nation.<\/li><li><strong>Under MUDRA Scheme<\/strong>, one woman from every <strong>SHG<\/strong> will be eligible to receive a loan of Rs. 1 lakh. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Research_and_Education\"><\/span>Research\nand Education<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Establishment of the <strong>National Research Foundation<\/strong> for funding, coordination, and promoting research in the country.<\/li><li>Setting up <strong>NRF for reinforcing<\/strong> the overall <strong>research ecosystem<\/strong> in the country.<\/li><li>Integrate the funds available under all <strong>Ministries with NRF<\/strong>.<\/li><li>New <strong>National Educational Policy<\/strong> for transforming the <strong>Indian Educational System<\/strong><\/li><li>Rs. 400 crore under the head, <em>World Class Institutions in 2019-20.<\/em><\/li><li>Extension of <strong>Stand Up India Scheme<\/strong> to concentrate on <strong>skill development up to the year 2025<\/strong>.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Transportation\"><\/span>Transportation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul><li>One Nation One Transport Card (<strong>Inter-Operable<\/strong>): <em>Transport card like ATM for International travel on different modes of transport be it Road, Railways, Metro, Waterways, Airways<\/em>. <\/li><li>The MRO (<strong>Manufacturing, Repair and Operate<\/strong>) industry to be started soon.<\/li><li>Use of <em>PPP for the delivery of passenger freight services<\/em> and faster development. <\/li><li>For creating <strong>National Highways Grid<\/strong>, there would be comprehensive restructuring of <strong>National Highways Programme<\/strong>. <\/li><li>India to enter into <strong>leasing activities as well as aircraft financing<\/strong>. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Railways\"><\/span>Railways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/07\/image.png\" alt=\"railways\" class=\"wp-image-5398\" width=\"526\" height=\"348\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/07\/image.png 619w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/07\/image-300x199.png 300w\" sizes=\"(max-width: 526px) 100vw, 526px\" \/><\/figure><\/div>\n\n\n\n<ul><li>An <strong>investment of Rs. 50 lakhs<\/strong> essential for <strong>railways infra between 2018 and 2030<\/strong>. <\/li><li>Railways to invest more in s<strong>uburban railways through SPV (Special Purpose Vehicles)<\/strong> like <strong>RRTS (Rapid regional Transport System)<\/strong>, <strong>PPP (Public Private Partner)<\/strong>.<\/li><li>For modernizing the railway stations, the government will launch a <strong>massive program in 2019<\/strong>.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Insurance_Intermediaries\"><\/span>Insurance Intermediaries<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul><li>100% FDI (<strong>Foreign Direct Investment<\/strong>) for <strong><a href=\"https:\/\/swaritadvisors.com\/insurance-broker-license\">Insurance Broker<\/a><\/strong> and <strong>Insurance Web Aggregators<\/strong>.<\/li><li>Government to inspect the opening up for FDI the sectors of the animation, comics (AVGC) industry, graphics, video, and aviation and media. <\/li><li>In 2018, the <strong>global FDI reduced by 13% to $1.3 trillion from $1.5 trillion<\/strong>. <\/li><li>However, Sitharama stated that in <strong>FY 2018-19<\/strong>, the <strong>FDI of India inflows at $64 billion<\/strong> which remained strong with a <strong>6% growth over the previous year<\/strong>. <\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Skill_Development\"><\/span>Skill\nDevelopment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul><li>Focus on bestowing new-age skills such as <strong>IoT, 3-D printing, Artificial Intelligence (AI)<\/strong>, <strong>virtual reality<\/strong>, <strong>big data<\/strong>, and <strong>robotics<\/strong>. <\/li><li>Motive is to prepare the youths for taking high paid jobs.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ease_of_living\"><\/span>Ease\nof living<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul><li>Workers in the<strong> informal sector will now get Rs. 3,000 per month<\/strong> as pension. <\/li><li><strong>NRIs will have to get an Aadhaar card<\/strong> on their <strong>arrival in India<\/strong>.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Swachh_Bharat_Mission\"><\/span>Swachh\nBharat Mission <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul><li><strong>Swachh Bharat Mission<\/strong> to expand for<strong> undertaking solid waste management system in every village<\/strong>.<\/li><li>By <strong>2<\/strong><sup><strong>nd<\/strong><\/sup><strong> October 2019<\/strong>, India to become ODF (<strong>Open Defecation Free<\/strong>). <\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Gandhi-pedia\"><\/span>Gandhi-pedia<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul><li>With the motive of promoting <strong>Gandhian school of thought<\/strong>, <strong>Gandi-pedia <\/strong>will be developed. <\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bahi-khata\"><\/span>Bahi-khata<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"352\" height=\"312\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/07\/image-2.png\" alt=\"bahi-khata\" class=\"wp-image-5426\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/07\/image-2.png 352w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/07\/image-2-300x266.png 300w\" sizes=\"(max-width: 352px) 100vw, 352px\" \/><\/figure><\/div>\n\n\n\n<p><strong>Nirmala Sitharam<\/strong> abolished the colonial practice of bringing the Budget related documents in briefcase made of leather. Instead, she brought the documents in a <strong>four-fold red-cotton cloth called a &#8216;Bahi-Khata<\/strong>.&#8217;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Experts_Opinion\"><\/span>Expert&#8217;s Opinion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong>Maiden Budget 2019<\/strong> has been presented considering a <strong>ten-year vision<\/strong> in mind. In the budget, the <strong>startups will get a complete set of tax benefits<\/strong>. Furthermore, the government has focused on strengthening <strong>infrastructure and foreign investment<\/strong>.<\/p>\n\n\n\n<p>Apart from this, <strong>country&#8217;s most critical matter<\/strong>, <strong>Agriculture<\/strong> has received a big relief. The <strong>government is promoting zero budget farming<\/strong>. <strong>Education and Research<\/strong>, <strong>Transportation<\/strong>, <strong>Tax Rates<\/strong>, <strong>Ease of Living<\/strong>, etc. everything has been well covered. <\/p>\n\n\n\n<p>However, the rest is yet to analyze. It will be confirmed in the upcoming days how this budget proves itself- whether it will lead to the <strong>development of the nation<\/strong> or not. Stay tuned to Swarit Advisors, we will keep you updated. <\/p>\n\n\n\n<p class=\"text-left\"><b>Also, Read<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/gst-on-travel-agents-and-tour-operators\">GST On Travel Agents and Tour Operators<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finally, the most awaited Union Budget 2019 of Second Modi Government is out. Finance Minister Nirmala Sitharam has presented the budget 2019 in the Lok Sabha on July 5, 2019. You can find the highlights and a detailed overview of the budget here. So continue reading until the end so that you don&#8217;t miss any [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":5379,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[665],"tags":[147,5,487,95],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/5367"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=5367"}],"version-history":[{"count":44,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/5367\/revisions"}],"predecessor-version":[{"id":19062,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/5367\/revisions\/19062"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/5379"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=5367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=5367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=5367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}