Tuesday, 4 October, 2022
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

YourTurn

File photo of Supreme Court | Manisha Mondal | ThePrint

SC ruling on hijab & Gyanvapi won’t just be limited to faith. It’ll be about our democracy

While petitions against Karnataka’s hijab ban are an opportunity to define student rights, those against Place of Worship Act can be a platform to ensure a robust law-making procedure in India.
A man counts Indian currency notes inside a shop in Mumbai, India | Reuters/Francis Mascarenhas

RBI tells state refiners to reduce dollar buying in spot market, contain sharp fall in rupee

RBI has ensured that $9 billion has been made available at overseas branches of some Indian banks for the country's three state-run refiners to tap, according to sources.

Defence

The LCH is designed with stealth features such as reduced visual, aural, radar and infrared signatures | Photo: IAF

Prachand, India’s new Light Combat Helicopter, doesn’t yet have main arsenal or protection suite

IAF inducted new helicopter Monday, but it'll get anti-tank guided missile only by mid-2023, while air-to-air missiles haven't yet been ordered, it is learnt.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.
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