The Highlights and Low lights of the Maiden Budget 2019-20 - Part 1

The budget by the minister of finance and corporate affairs Nirmala Sitharaman has had a fair share in public news platforms and social media.

Many criticized the decision of going harsh on rich taxpayers, and then there are those who have noticed something different the way the budget had been carried. Btw did you miss the briefcase this time?

So this year’s budget is being called, wait for it… “Bahi-khata”. Simply, a Journal (book of accounts) in English. But it sounds way too awesome in Hindi! Desh-prem intensifies*

Let’s talk about the topic itself; The Budget, and what we are gonna get from budget 2019-20.

Now we are going to magnify the highlights of the Budget 2019-20: Vision for a  $5 trillion economy. Transforming rural lives, New Jal Shakti Mantralaya to ensure Har Ghar Jal,  Enhancing ease of direct and indirect taxation, Strengthening connectivity Infrastructure, Gandhipedia to sensitize society, India’s soft power, Harnessing India’s space abilities.

First thing’s first we have heard and being hit a lot by “Rural Development” in the recent one. Let’s see how well it works out. Okay so with further ado we bring to you; the budget! 

• INFRASTRUCTURE DEVELOPMENT 
• INDUSTRIAL DEVELOPMENT 
• VISION FOR $5 TRILLION ECONOMY
• TAX PROPOSALS
• NEW TAKE ON SWACH BHARAT 
• FARMER WELFARE AND WATER SECURITY 
• WOMEN’S DEVELOPMENT TO WOMEN LED DEVELOPMENT
• LABOUR AND YOUTH WELFARE 
• VISION FOR THE NEXT DECADE 

We have summarized it for you.

Starting from the most intriguing point to make the country a $5 trillion economy by 2024 by the virtue of investment. With that, a lot has been said about digital medium and its use. Rural India has been guaranteed an electrifying future and tremendous infrastructure projects in roads, inland waterways and railways.

More focus on compliance, to help taxpayers can mention their Pan card and Aadhar card number to file the taxes with ease.

And let’s not forget about the goal of booming the country’s GDP.

Boost to agro -rural industries through cluster-based development under SFURTI scheme with a focus on bamboo, honey and khadi clusters 100 new clusters to be set up to enable 50000 artisans during 2019-20 100 Business Incubators to be set up to enable 75000 entrepreneurs under ASPIRE. To ensure

Har Ghar Jal to all rural households by 2024 under Jal Jeevan Mission. It’s not all positive though, like all the things in the world. We would like you to read the next blog as well to understand more about and see the other side of the rut as well. Stay tuned, visit cedruswealth.com

Cedrus Wealth Partners
Pune, Maharashtra.
www.cedruswealth.com