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Friday, November 28, 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

China detains and harasses an Indian citizen. New Delhi must do more than issue a démarche

The baseless claim of Arunachal Pradesh as 'Southern Tibet' cropped up once again when an Indian national was harassed by Chinese immigration officials at Shanghai Airport.

Karnataka startups feel the chill as global funding winter sets in. Fintech emerges as sole bright spot

The state raises just $2.7 billion in first nine months of 2025 compared to $4.5 billion last year, with late-stage investments hit hardest.

Airbus & Embraer in the mix, IAF plans revamp of military transport fleet with MTA as new workhorse

Once acquired by IAF, the medium transport aircraft (MTA) will replace both AN-32s and IL-76s, it is learnt. The idea behind the revamp is to meet modern operational needs.

A tribute to Tejas. India’s delay culture is the real enemy in the skies

It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.