Union Budget 2019-2020
Sitharaman, Nirmala
Union Budget 2019-2020 - 277-300 p.
The budget aims at achieving the vision of US$ 5 trillion economy driven by investment, economic reforms, financial inclusion and corruption free e-governance. It aims at transforming lives in rural India by facilitating investment that provides water, electricity, housing and internet connectivity to every household in every village. The reforms of GST, IBC and RERA would give the requisite impetus to formalize and boost economic investments. The common man would continue to benefit from scheme like Mundra Yojana, Ujjawala, Saubhagya and others. Pradhan Mantri Sampada Yojana aims at robust fisheries management framework. Faceless electronic tax assessment to weed out any possible corruption and improve tax compliance. Jal Marg Vikas project and Sagarmala initiatives to improve logistics, reducing transportation cost and increasing competitiveness. Tax rates for 99.3% corporates reduced to 25%. Interest subvention scheme for MSME. Push to electric vehicles, digitalization and e-governance. Fiscal Deficit maintained at 3.3% level in 2018-19p. [ABSTRACT FROM AUTHOR]
Taxpayer compliance Tax assessment Fishery management Tax rates
Union Budget 2019-2020 - 277-300 p.
The budget aims at achieving the vision of US$ 5 trillion economy driven by investment, economic reforms, financial inclusion and corruption free e-governance. It aims at transforming lives in rural India by facilitating investment that provides water, electricity, housing and internet connectivity to every household in every village. The reforms of GST, IBC and RERA would give the requisite impetus to formalize and boost economic investments. The common man would continue to benefit from scheme like Mundra Yojana, Ujjawala, Saubhagya and others. Pradhan Mantri Sampada Yojana aims at robust fisheries management framework. Faceless electronic tax assessment to weed out any possible corruption and improve tax compliance. Jal Marg Vikas project and Sagarmala initiatives to improve logistics, reducing transportation cost and increasing competitiveness. Tax rates for 99.3% corporates reduced to 25%. Interest subvention scheme for MSME. Push to electric vehicles, digitalization and e-governance. Fiscal Deficit maintained at 3.3% level in 2018-19p. [ABSTRACT FROM AUTHOR]
Taxpayer compliance Tax assessment Fishery management Tax rates