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Saturday, August 16, 2025
TopicBudget 2019

Topic: Budget 2019

Piyush Goyal’s big sop for middle class — full tax rebate for income up to Rs 5 lakh

The standard deduction limit has been increased to Rs 50,000 in the interim budget, as has the TDS limit on bank and post office deposits.

In Piyush Goyal’s budget, demonetisation is back to being all about black money

Finance minister says demonetisation led to one crore people filing I-T returns and helped agencies detect and de-register over 3 lakh shell companies.

Govt doubles tax exemption for the middle class man

In the interim budget presentation, finance minister Piyush Goyal increased the tax exemption from Rs 2.5 lakh to Rs 5 lakh.

Defence budget crosses Rs 3 lakh crore, but lowest ever with respect to GDP

While Pakistan and China are focussing on modernising their armament, India’s own modernisation process could suffer because of the small increase in budget.

Informal sector gets yet another pension scheme

Budget allocates Rs 500 crore for scheme that will provide Rs 3,000 as monthly pension for people with monthly income of Rs 15,000.

Govt’s final move to appease farmers — Rs 6,000 every year for those with 2-hectare plots

The income support scheme announced by Piyush Goyal in the interim budget has similarities with Telangana’s Rythu Bandhu and Odisha’s Kalia schemes.

Budget 2019: The rise in funding for MGNREGA, charted

Despite PM Modi terming MGNREGA as a 'UPA failure', his govt has allocated Rs 60,000 crore in the interim budget — the highest ever for the scheme.

On Camera

Nobel committee, note how Trump allowed Munir to make nuclear threat against India from US soil

So far, India has responded to his threats with a measured, diplomatic, strategic, and multi-dimensional approach. Now, it needs to react firmly.

Modi’s ‘Diwali bonanza’ for the common man—next-gen GST reforms, lower tax on daily-use items soon

Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.

What is Project Sudarshan Chakra, announced by Modi from ramparts of Red Fort

The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.

War of IAF, PAF doctrines: As Pakistan obsesses over numbers, India embraces risk, wins

Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?