Finance Minister Piyush Goyal concludes the interim budget presentation

This is not just an Interim Budget, this is a vehicle for the developmental transformation of the nation, says FM Piyush Goyal

Standard tax deduction for salaried persons raised from Rs40,000 to Rs50,000

TDS threshold on rental income raised from 1.8L to 2.4L

TDS threshold on interest on Bank, Post office deposits raised to 40,000

Proposal to exempt tax on second homes

Current financial terms to remain the same in the year

Individuals with gross income up to Rs6.5 lakh will not need to pay any tax if they make investments in provident funds and prescribed equities

Individuals with income up to Rs 5 lakh exempted from income tax

Union Finance and Railway Minister Piyush Goyal announced a Rs 64,587 crore outlay for Indian Railways for the next financial year 2019-2020

Both tax collection and tax base have shown significant increase due to government initiatives in recent years, and we have moved to a moderate tax regime, with high collection

FM thanks all taxpayers for their valuable contribution to nation-building

Capital expenditure - Rs3,36,292 lakh cr. Total expenditure rose by 13%

10 dimensional vision for India 2030 announced in Budget 2019-20

Space boom: India becoming launchpad of the world, placing an Indian astronaut in space by 2022

Clean rivers, safe drinking water to all Indian

Digital India reaches every citizen. Expanding rural industrialization using modern tech

Vision 2030: India will lead the world with electric vehicles and energy storing devices

India poised to become a $5 trillion economy in the next 5 years, aspires to become a $10 trillion economy in the next 8 years

1cr people filed IT returns for the first time after demonetization. Anti-black money measures have brought Rs1.30L cr to the surface

Will reduce GST burden on home buyers. Only 12% GST for cinemagoers

6 cr free LPG connections provided under Ujjwala yojana

Single window clearance for shooting films for Indian filmmakers. Anti-piracy laws to be made firmer

Almost all assessment and verification of IT returns will be done electronically by an anonymized tax system without any intervention by tax officials within 2 years

Direct tax reduced and tax interface made simpler and faceless to make life easier; resulting in increase in tax collections and return filings. Direct tax collections from Rs6.38 lakh cr in 2013-14 to almost Rs12 lakh cr; tax base up from Rs3.79 cr to Rs6.85 cr

34 cr Jan Dhan Yojana accounts opened in last five years; Aadhaar almost universally implemented

Common Service Centers (CSC) are creating digital infra in villages, to convert them into digital villages

Cost of data and voice calls in India is now possibly the lowest in the world; mobile and mobile part manufacturing companies have increased from 2 to 268

Solar energy generation capacity has grown 10 times in last 5 years, sector has created lakh of new jobs

Allocation for North east increased by 21% to Rs58,166 cr

Vande Bharat Express will provide speed, service and safety to citizens and will boost Make In India

Railways capital expenditure increased. All unmanned crossings on broad gauge network eliminated.

27 kms of highways being built each day: FM

India's defence budget enhanced beyond Rs3 lakh cr

Domestic air traffic doubled in the last 5 years

India has 100 operational airports in the country: FM

OROP, pending for 40 years, implemented: FM

Rs35,000 cr already disbursed to soldiers under OROP, hike in military service pay has been announced

Rs1 cr loan can now be obtained under 59 minutes: FM

National Artificial Intelligence Portal to be developed soon. 9 priority areas identified.

Schemes to benefit women: 75% of woman beneficiaries under PM Mudra Yojana, 26 weeks of maternity leave and Pradhan Mantri Matritva Yojana

PMSYM will benefit 10 crore workers in unorganized sector, may become the world's biggest pension scheme for unorganized sector in five years

Mega pension scheme Pradhan Mantri Shram Yogi Mandhan to be launched to support workers in unorganized sector. PMSYM assures monthly pension of Rs3,000 per month, with contribution of Rs100 per month.

Gratuity limit increased from Rs10 lakh to Rs30 lakh

EPFO membership by 2 crore in last two years: FM

2% interest subvention for animal husbandry and fisheries farming. Farmers hit by natural calamity will get 2% interest subvention and additional 3% interest subvention upon timely repayment

Rs75,000 crore allocated for for PM Kisan Yojana, which would benefit 12cr farmers: FM

Rashtriya Gokul Yojana allocated Rs750cr

Small and Marginal farmers to benefit from PM Kisan Yojana

22nd AIIMS to be set up in Haryana. 21 AIIMSs operating or being established, 14 of these have been announced since 2014: FM Shri Piyush Goyal

22nd AIIMS to be set up in Haryana. 21 AIIMSs operating or being established, 14 of these have been announced since 2014: FM Piyush Goyal

1.53 lakh houses have been constructed under PM Awas Yojana in 2014-18: FM Shri Piyush Goyal

Rs19000cr allocated for rural roads

Rs60,000cr being allocated for MNREGA

Pace of construction of rural roads has been tripled under Pradhan Mantri Gram Sadak Yojana (PMGSY): FM

India has achieved 98% sanitation coverage in rural areas: FM

Close to 3 lakh crore already recovered in favour of banks and creditors, big defaulters too not spared by our government: FM

Defaulting managements are either paying or exiting business, says FM

FM says measures have been taken to ensure clean banking

FM claims that 2008-14 saw aggressive credit growth

India attracted $239bn FDI: FM

Inflation in December 2018 was just 2.1%: FM

Fiscal deficit brought down to 3.4% in 2018-19, says the FM

Brought down the average rate of inflation down to 4.6%, claims Finance Minister Piyush Goyal

Structural reforms by Modi government put Indian back on track: Piyush Goyal

Finance Minister Piyush Goyal begins by wishing Arun Jaitley speedy recovery and praising Narendra Modi government

Amid protests, Finance Minister Piyush Goyal begins presenting Interim budget for the year 2019-20

Congress leader Manish Tewari raises concern about government sources reportedly sharing budget pointers to media houses. “If these pointers are there in FM's speech then it tantamounts to a leak. It would be a serious issue of breach of secrecy,” he tells ANI.

Union Cabinet has approved the interim Budget 2019-20. FM to present it at 11am

The Budget documents will contain revenue and expenditure projections for the entire 2019-20 fiscal year, official sources told PTI

Finance Minister Piyush Goyal arrives at Parliament to present the interim budget

Many expect Finance Minister Piyush Goyal to present a voter-friendly budget

The Interim Budget will seek Parliament's nod for spending for four months till a new government is sworn-in.

The total Gross GST Revenue collected in the month of January, 2019 has today crossed Rs1 lakh crore, Tweets Ministry of Finance hours ahead of FM presenting interim budget

Finance Minister Piyush Goyal all set to present the interim budget shortly

Union Budget 2019