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Register Your Private Ltd Company online in Pune

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Register Your Private Ltd Company online in Pune

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  1.  Vision for $5 trillion economy driven by investment  Transforming rural lives  New Jal Shakti Mantralaya to ensure Har Ghar Jal  Enhancing ease of direct and indirect taxation  Strengthening connectivity Infrastructure  Gandhipedia to sensitize society  India’s soft power  Harnessing India’s space abilities KEY FEATURES OF BUDGET 2019-20 Vision to become $5 trillion economy driven by ‘virtuous cycle’ of investment India becomes sixth largest economy Pradhan Mantri Karam Yogi Maandhan Pension benefits to retail traders and small shopkeepers Enhanced interest deduction for affordable housing loan Tax benefits for corporate tax payers Reform, Perform, Transform agenda: GST, IBC, RERA etc. Changing common man’s life: MUDRA, UJJWALA, SAUBHAGYA etc. Pradhan Mantri Matsya Sampada Yojana (PMMSY) Establish robust fisheries management framework Scheme of faceless electronic tax assessment Aadhaar and PAN to be interchangeable 1

  2. PUSH TO INVESTMENT: INFRASTRUCTURE DEVELOPMENT Bharatmala phase 2 to be launched. State road networks will be developed Road World’s third largest domestic aviation market UDAAN: Number of Operational Airports crossed 100 Air Jal Marg Vikas project and Sagarmala initiatives: improving logistics, reducing transportation cost and increasing competitiveness. Shipping and Inland waterways Operating Ratio improving PPP in railways infra development 657 km Metro rail network already operational. National Common Mobility Card launched. 98.4 96.2 100 95 Rail 96 92 2017-182018-19 2019-20 (BE) (RE) 2

  3. PUSH TO INVESTMENT: INFRASTRUCTURE DEVELOPMENT Houses under PMAY-U: Sanctioned: 81 lakh Construction started: 47 lakh Completed: 26 lakh Delivered: 24 lakh Promotion of rental housing: Model tenancy law to be finalised. Housing Gas grids Water grids Measures for boosting infrastructure financing Vision for connectivity infrastructure Credit Guarantee Enhancement Corporation to be set up in 2019-20 Action plan to deepen long term bonds market To permit transfer of FII/FPI investment in debt securities issued by IDF- NBFCs to domestic investors Regional airports I-ways Power grids 3

  4. PUSH TO INVESTMENT: INDUSTRIAL DEVELOPMENT Empowering MSMEs and social enterprises Social stock exchange for listing social enterprises and voluntary organisations Interest subvention scheme for MSMEs: `350 crore allocated for 2019-20 Payment platform for bill filing for MSMEs to be created: to address delays Changes in customs duties to promote Make in India Make in India E-verification for establishing investor identity and source of funds to resolve tax issues relating to fund raising Exclusive TV channel for startups Startups promotion FAME Scheme Phase-2 commenced Customs duty exemption on certain e-vehicle parts Push to E-vehicles Income tax deduction of interest on loans for e-vehicle purchase 4

  5. GROWTH & MACRO-ECONOMIC STABILITY: VISION FOR $5 TRILLION ECONOMY GDP CAD Fastest growing major economy in the world 5.6% of GDP in 2013-14 2.1% of GDP in 2018-19 11th largest economy in 2013-14 6th largest economy in 2019-20 CAD as % of GDP GDP Growth rate (%) 8.2 4.34.8 6.0 8 8.25 5.0 7.4 4.0 7.2 7.5 1.82.1 3.0 1.7 6.8 1.31.10.7 2.0 6.75 1.0 0.0 6 FDI & FPI 100% FDI to be permitted for Insurance intermediaries India attracted $64.4 bn worth of FDI in 2018-19 Statutory limit for FPI investment in a company increased to sectoral limit Local sourcing norms to be eased for FDI in single brand retail 5

  6. ON THE PATH OF FISCAL CONSOLIDATION AND INFLATION MANAGEMENT Fiscal Deficit (% of GDP) CPI Inflation (in %) 6.6 9.0 6.1 5.9 8.0 4.94.54.13.93.5 3.53.43.3 7.0 4.33.9 4 6.0 5.0 3.4 4.9 4.0 2.6 3.0 2.0 1.0 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 Oct-14 Oct-15 Oct-16 Oct-17 Oct-18 Apr-14 Jul-14 Jan-15 Apr-15 Jul-15 Jan-16 Apr-16 Jul-16 Jan-17 Apr-17 Jul-17 Jan-18 Apr-18 Jul-18 Jan-19 Apr-19 Also, India’s sovereign external debt to GDP ratio amongst the lowest globally at less than 5%. Disinvestment Receipts (in ₹ crore) Central Govt. Debt (% of GDP) 1,00,045 51.6 1,05,000 51.4 80,000 49.9 49.5 48.4 48 2014-15 2015-16 2016-17 2017-18 2018-19 (RE) 2019-20 (BE) 2017-18 (Actuals) 2018-19 (RE) 2019-20 (BE) (Actuals) 6

  7. BUDGET AT A GLANCE Capital Receipts ( in ` crore) Revenue Receipts (in` crore) 8,23,588 19,62,761 7,27,553 7,16,475 7,06,740 17,25,738 17,29,682 20,00,000 8,00,000 14,35,233 15,00,000 6,00,000 10,00,000 4,00,000 5,00,000 2,00,000 0 0 2017-18 (Actuals) 2018-19 (BE) 2018-19 (RE) 2019-20 (BE) 2017-18 (Actuals) 2018-19 (BE) 2018-19 (RE) 2019-20 (BE) Capital Expenditure (in ` crore) Revenue Expenditure (in ` crore) 3,38,569 21,41,772 21,40,61224,47,780 3,16,623 3,00,441 25,00,000 18,78,833 3,50,000 2,63,140 20,00,000 2,80,000 2,10,000 15,00,000 1,40,000 10,00,000 70,000 5,00,000 0 0 2017-18 (Actuals) 2018-19 (BE) 2018-19 (RE) 2019-20 (BE) 2017-18 (Actuals) 2018-19 (BE) 2018-19 (RE) 2019-20 (BE) 7

  8. BUDGET AT A GLANCE RUPEE COMES FROM RUPEE GOES TO 8% 9% Subsidies 20% Centrally Sponsored Schemes 9%- Non Tax Revenue Borrowings and Other Liabilities 4% 9% Customs Defence 23% 18% Interest Payments 7% States’ Share of taxes & Duties Finance Comm. & Transfers 19% GST 21% Corporate Tax 8%-Union Excise Duties 13% Central Sector Schemes 8% Other Expenditure 3% Non debt Capital Receipts 16% Income Tax 5% Pensions 8

  9. TAX PROPOSALS Threshold for applicability of lower corporate tax rate of 25% increased from ₹250 crore to ₹400 crore. Enhanced interest deduction up to ₹3.5 lakh for purchase of an affordable house. Deposit taking and systemically important non-deposit taking NBFCs can now pay tax in the year they receive interest for certain bad or doubtful debts. TDS of 2% on cash withdrawal exceeding ₹1 crore in a year from a bank account to promote less cash economy. Effective tax rate for individuals having taxable income above ₹2 crore has been increased. FACELESS E-ASSESSMENT A scheme of faceless electronic assessment involving no human interface to be launched this year DIRECT TAX REFORMS PAYING OFF Increase in tax collection by 78% from ₹6.4 lakh crore in 2013-14 to ₹11.4 lakh crore in 2018-19 No charges or MDR on specified digital mode of payments. These modes are to be compulsorily provided by large businesses. Sabka Vishwas Legacy Dispute Resolution Scheme proposed for quick closure of service tax and excise related litigations. ENHANCING EASE OF TAX PAYERS Aadhaar and PAN to be made interchangeable 9

  10. REFORM, PERFORM, TRANSFORM Banking & IBC GST Record Recovery of ₹4 lakh crore in last 4 years due to IBC and other measures 1. Taxpayers having annual turnover of less than ₹5 crore can now file quarterly returns. 2. Fully automated GST refund module shall be implemented. 3. An electronic invoice system is proposed that will eventually eliminate the need for a separate e-way bill. Provision coverage ratio of banks highest in 7 years Proposed further recapitalisation of PSBs: ₹70,000 crore Average recovery under various recovery regimes (in %) 43 23 45 35 25 15 5 DRT, SARFAESI, Lok Adalats, etc: 2007-17 Realisation by Financial Creditors under IBC: 2017-19 Further simplification of GST Processes SWACHH BHARAT More than 95% cities and 5.6 lakh villages declared ODF More than 45,000 public and community toilets uploaded on Google Maps To expand Swachh Bharat Mission to undertake sustainable solid waste management in every village. 10

  11. TRANSFORMING RURAL INDIA Pradhan Mantri Gram Sadak Yojana (PMGSY) Outlay (in ₹ crore) PMAY-G  1.5 crore rural homes completed  1.95 crore houses proposed for second phase.  Average days for completion: 314 (2015-16) 114 (2017-18) PMGSY  Completion Target advanced 2022 2019  97% of targeted habitations covered  30000 km built using green technology 19000 15500 20000 22.6% jump 15000 10000 5000 0 2018-19(RE) 2019-20(BE) MGNREGA Outlay (in ₹ crore) Rural Electrification 60000 60000 9% jump 100% Households Electrified 58000 55000 56000 UJALA leading to annual cost savings of ₹18,341 crore 54000 52000 2018-19(BE) 2019-20(BE) 11

  12. FARMER WELFARE AND WATER SECURITY Pradhan Mantri Matsya Sampada Yojana launched Boost to agro-rural industries through cluster based development under SFURTI scheme with focus on bamboo, honey and khadi clusters 100 new clusters to be set up to enable 50000 artisans during 2019-20 100 Business Incubators to be set up to enable 75000 entrepreneurs under ASPIRE The scheme will address critical gaps in strengthening value chain, including infrastructure, modernisation, production, productivity and quality control Constitution of Jal Shakti Mantrayala 1592 critical and over exploited blocks identified under Jal Shakti Abhiyan To ensure Har Ghar Jal to all rural households by 2024 under Jal Jeevan Mission Focus on Integrated demand and supply side management at local level, creation of local infrastructure for rainwater harvesting, groundwater recharge and household waste water management 12

  13. WOMEN’S DEVELOPMENT TO WOMEN LED DEVELOPMENT Allocation for ICDS (in ₹ crore) 70% of beneficiaries under MUDRA scheme are Women 2019-20 (BE) 27,584 2018-19 (RE) 23,357 20,000 22,000 24,000 26,000 28,000 8 Crore free LPG connections to be given under Ujjwala Yojana  To subvention programme to all districts  ₹1 lakh loan under MUDRA scheme for one woman in every SHG expand SHG interest women More than 7 crore connections already given 13

  14. LABOUR AND YOUTH WELFARE Pradhan Mantri Laghu Vyapaari Mann-Dhan Yojana (PMLVMY) Pension benefits to around 3 crore retail traders and small shopkeepers with annual turnover less than ₹1.5 crore. Pradhan Mantri Shram Yogi Maan Dhan (PM-SYM) About 30 lakh workers have joined the scheme Rationalising of labour laws into 4 labour codes proposed. National Research Foundation to be established to fund, coordinate and promote R&D ₹400 crore provided for ‘World Class Institutions’ for FY 2019-20 Study in India: to bring foreign students to higher educational institutions National Sports Education Board to be setup under Khelo India. To prepare youth for new age skills: Artificial Intelligence, IoT, Big Data, 3D Printing, Virtual Reality etc 14

  15. VISION FOR THE NEXT DECADE 1 Physical and social infrastructure Digital India 2 3 Pollution free India 4 Make in India 5 Water management and clean rivers 6 Blue economy 7 Space programmes 8 Self-sufficiency and export of food grains 9 Healthy society 10 Team India with Jan Bhagidari 15

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