This thread details announcement made into budget and what average middle class would get from it.
Totally My work
1. National Security
2. Economic Prosperity
Imp : Last mile Delivery was prime target
#Budget2019
Target - 5 Trillion USD
This year - 3 Trillion USD
6th largest in world
PPP - 3rd largest economy
Addition of 1 Trillion $ in last 5 year
1. Builidng Inclusive India
2. Digital india
3. Pollution free India
4. Make in india - startup, MSME
5. Water management
6. blue economy
7. space prog
8. self sufficency -pulses, oilseed
9. Ayushman bharat
10. Team India
Minimum government maximum Governance
Swadeshi to Make in India
India Inc. are India job creator, they are nation’s wealth creator
1. Massive push to all forms
PMGSY, Bharatmala, Sagarmala Jal Marg vikas, UDAN, DFC - targeted towards common man
PMGSY - Roads
Sagarmala - Ports
Jal Marg vikas - National waterways
UDAN - Civil Aviation
DFC - Railways Freight
Govt to enter into financing
Development of
MRO
Maintenance repair Overhaul
300+km - metro rail approved.
210 km - operationalised in 2019
657 kms - current operation
- launched march 2019
- multiple charges can be paid
- RUPAY card
- Bus, toll, parking, shopping, withdrawals of money from ATM
-FAME Phase II
10K cr rupees -
Encourage EV’s -
upfront incentive for EV'
Charging Infra -
only for registered vehicles
- Phase I Bharat Mala - done
- Phase II - State road network
National waterway system
Jal marg vikas project -
using Ganga and inland waterways in India
NWAI - 3 multimodal completion in next yea
Rail investment - 50 Lakh cr - 2018 - 2030
Rolling stock manufacturing , Passenger freight infra
Power connectivity
One nation - One Grid for Power availability to states
Proposed
Gas Grids
I-waste
Water Grid
New panel to look into pensions
#UDAY #Budget2019
Cross subsidy
surcharges
improving delivery to last mile
Reforms in Tariff policy for electricity
Rental Housing policy
Lessor & lessee
Modern tenancy law - to be updated
Large public infra to be build
Affordable housing
Ease of access to MSME - 350
2% interest subvention - fresh or incremental loans
Payment platform for MSME to pay bills
Extension of Pension benefit to 3 cr retail trader and local
PMKYMDS -
Aadhar & bank enrolment
20LCr in Pension
CGEC
- setup this year
- Corporate bonds for PPP development for capital infra developments
Easing FPI
- Listing for social entreprises
online platform to raise money in forms of Equity, Debt, Mutual funds units
FDI Inflow
Global FDI - down by 13% as per UNCTAD
India FDI - Up by 6%
64k Cr
A. Further opening of FDI - aviation, media, designing
b. 100% for Insurance Intermediaries
c. Single brand retails sourcing norms relaxed
d. global meet to
Investment moving from Stock
NRI Investment scheme merged with the global investment scheme
Brownfield asset monetisation.
NHAI - 1BOT in last year
24kcr in NH development
Antodaya - core of All efforts
Gaon, Gareeb, Kisan.
Ujjawala yojna
7 cr lpg connections
100% electrification
by 2022 - 75 year of Indian independence - Every single family will have an Electricity connection and clean fuel by LPG
PMAY (G) - 1.95Cr houses are proposed to eligible beneficiary
reduced time to make housed form 314 days to 100 days
Fishing and Farming
PMMSY - Dept of Fisheries
- Infra
- traceability
- quality
- post harvest
97% coverage with all weather road connectivities
135 kms per days
30000 - PMGSY - green tech road - reducing carbon footprint.
125000kms to be upgraded under PMGSY - Grameeen - 80250cr - Massive investment
- bamboo
- khadi
- phali
100 new clusters to help 50000 more artisans for better life.
- Investment in Agri Infra
- Anndata to urja data
- milk procurement
- marketing and purchase of pulses.