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Friday, July 5, 2019

Budget 2019 Important For UPSC Perspective

BUDGET 2019-20

The Narendra Modi government has presented the first budget of its second term. Several special schemes have been announced for this budget from farmers, youth, women to self-employed people.

The Narendra Modi government has presented the first budget of its second term. Several special schemes have been announced for this budget from farmers, youth, women to self-employed people. With the announcement of an investment of Rs 50 lakh crore in railways, a promise of up gradation of 1 lakh 25 thousand kilometers of roads across the country has also been promised.

Piyush Goyal had presented an interim budget for the year 2019, in which a large tax rebate was given. In this budget, income tax of Rs 5 lakh was given to the tax rebate of Rs 12,500. At the same time, for the upliftment of the farmers, the government announced the Kisan Samman fund, under which the announcement was made to the farmers to give 6000 rupees a year.

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The Economic Survey has revealed that the incidents of train collision in the railway have ended. Railway statistics related to accidents show that during the 2018-19, the incidents of collision of trains were reduced and the incidents of disruption of trains decreased from 78 in 2016-17 to 46 in 2018-19. Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman presented an economic review in Parliament today.

According to the Economic Review, during the year 2018-19, the Railways achieved revenue of 1159.55 million tonnes (excluding shipments made by Konkan Railway) whereas during the year 2016-17, the figure was 1106.15 million tonnes. That is, in 2018-19, the growth of 53.49 million tonnes, 4.83 percent compared to 2016-17.
 
New Delhi:

In order to provide timely relief to farmers and to stop the profits of insurance companies, the government can make changes in its main crop insurance scheme-Prime Minister's Crop Insurance Scheme (PMFBY).

The main motive of this change will be to truly help the farmers in relieving the crop loss due to climate change, although this will not be as attractive for private insurance companies as PMFBV because they have only administrative fees Can only be found.

Official sources said that the Finance Ministry is considering an alternative model, under which a bridge or trust will be created for the insurers to manage the premiums paid by the central and state governments and farmers. Whenever a claim is made by the farmers, the solution will be done by the insurance company with the bridge or trust fund.
 
While presenting the first budget of the second term of the Narendra Modi government, Finance Minister Nirmala Sitharaman did not give any relief to the tax slab. This is the first time in India that when a full time finance minister presented a common budget to any woman. The general budget in the Lok Sabha can be discussed on July 8. The budget is most important for the performance of any government. The government can not spend a single penny on its proposal without the approval of the Parliament. Also, the budget holds a picture of the government's future plans.

Finance Minister Nirmala Sitharaman has said that TDS can be set up to discourage cash during business payments. Under this, there will be 2 per cent tax on withdrawal of Rs 1 crore from the bank. It was also proposed to increase tax on people aged between 20 million and 5 million and income of 5 million and above. It also proposed to issue new coins of 1, 2, 5, 10 and 20 rupees. Know the bad news related to the year 2015 ...
 
Those candidates who will be present for Syndicate Bank PO, Canara Bank PO, SBI Clerk 2019 examination and all other competitive exams, they will read the budget analysis carefully because there is a possibility that you are related to this in the General Awareness section from this year's central budget. Can see the question. The main attraction and analysis of the budget is not only important for examination approaches, but it can help you prepare for this year's government job recruitment process.

Budget, 2019, will be the last for this government in the wake of the general elections held in the first half, it can have two main components: the first part is the new schemes and outlets for various existing schemes and areas for the coming financial year. Secondly, announcements on direct and indirect taxes are included. With the implementation of GST of single tax rule, in this year's budget, only those items are kept in mind which are still outside the realm of GST. It is expected that in the 2018-19 budget, changes in customs and excise duty on these remaining products may be changed, for whom most have been deposited under GST. For the rest, you have to stay connected with us for the review of Union Budget 2018-19
 

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