As many as 3,38,000 shell companies have been detected and de-registered, and their directors disqualified.For making more homes available under affordable housing, the benefits under Section 80-IBA of the Income Tax Act is being extended for one more year, i.Reducing the tax burden on middle class has always been our priority ever since our Government took over in 2014. Seventeen different taxes levied by the Central and State/UT Governments with cascading effect of tax on tax, were consolidated into one GST. An integrated approach towards agro and food processing, preservation, packaging and maintenance of the cold chain will be our focus of attention.GST aims to benefit small traders, manufacturers and service providers.The Seventh Dimension of our Vision aims at the outer skies. Indian Customs is introducing full and comprehensive digitalization of export/import transactions and leveraging RFID technology to improve export logistics. Such support will help them in avoiding indebtedness as well and falling into clutches of money lenders. Most items of daily use of the poor and middle class are now in the 0pc or 5pc tax slab. Minimum pension for every labourer has been fixed at ` 1,000 per month. 14 of these 21 AIIIMS have been announced since 2014. Earlier, only small businessmen used to be under pressure of repayment of loans while in the case of big businessmen, it was the headache of banks. Under ‘Saubhagya Yojna’, we provided free electricity connection to almost every household.Total expenditure rises from ` 24,57,235 crore in 2018-19 RE to `27,84,200 crore in 2019-20 BE, a rise of `3,26,965 crore or approximately 13.Under the Pradhan Mantri Gram Sadak Yojana, construction of rural roads has been tripled.6pc over BE of 2018-19.85 crore showing 80pc growth in tax base.Agriculture continues to be the main driver of the rural economy. `60,000 crores are being allocated for MGNREGA in BE 2019-Additional amount would be provided if required. We have resolved many problems which were coming in the way of realising our full potential as a society and an economy. Under this programme, vulnerable landholding farmer families, having cultivable land upto 2 hectares, will be provided direct income support at the rate of `6,000 per year. A high level Inter-Ministerial Committee, constituted by our Government, has made several specific recommendations, including transforming the system of bidding for exploration, changing from revenue sharing to exploration programme for Category II and III basins.

The GST Council, comprising the Centre and States/UTs, finalised the GST rates collectively mostly lower than pre-GST rates. The Real Estate (Regulation and Development) Act, 2016 (RERA) and Benami Transaction (Prohibition) Act, 1988 are helping to bring transparency in the real estate sector. Part BTax ProposalsOn behalf of all the people of India and our Government, I would first like to thank all our taxpayers for their valuable contribution to nation building and for providing a better life to the poor and marginalized sections of society. The country witnessed its best phase of macroeconomic stability during this period. We have given a decisive leadership, whose intent is clear, policy is transparent and integrity is resolute. Regulatory provisions will rely more on self-declaration. Though as per convention, the main tax proposals will be presented in the regular budget, small taxpayers especially middle class, salary earners, pensioners, and senior citizens need certainty in their minds at the beginning of the year about their taxes. Our commitment to promote renewable energy is reflected in setting up the International Solar Alliance, the first treaty based international inter-governmental organisation headquartered in India.India’s long coastline has the potential of becoming the strength of the economy, particularly through exploitation of the Blue Economy, to ensure better standards and quality of life for a large number of people living in the coastal areas. I am proposing to exempt levy of income tax on notional rent on a second self-occupied house.

In the event of death of a labourer during service, the amount to be paid by EPFO has been Wholesale boundary wire enhanced from ` 2.Indian Railways has experienced the safest year in its history. The budget, which was focused on giving big push to investment in agriculture, small and medium industries, and health sectors, is NDA government’s last budget before the general elections.4 lakh crore in 2014. We also respected their dignity. broke the back of back-breaking inflation. 15. We have made genuine efforts to remove the hardships of farmers by providing them Soil Health Cards, quality seeds, irrigation scheme and Neem Coated Urea to remove shortage of fertilizers. Capital Expenditure for 2019-20 BE is estimated to be ` 3,36,292 crore. The scheme will also be implemented from the current year.We are moving towards realising a ‘New India’ by 2022, when we celebrate 75 years of India’s independence: an India which is clean and healthy, where everybody would have a house with universal access to toilets, water and electricity; where farmers’ income would have doubled; youth and women would get ample opportunities to fulfil their dreams; an India free from terrorism, communalism, casteism, corruption and nepotism.India is the second largest fish producing nation in the world accounting for 6. This India will drive on Electric Vehicles with Renewables becoming a major source of energy supply. A sum of `500 crore has been allocated for the Scheme. Monthly consumption of mobile data increased by over 50 times in the last five years. I thank the honest taxpayers of India for reposing faith in our Government. The major achievement of this Government was that we strived our utmost to change the mind-set and ignited the self-confidence of the nation. Fifth Dimension of our Vision for India of 2030 is Clean Rivers, with safe drinking water to all Indians, sustaining and nourishing life and efficient use of water in irrigation using micro-irrigation techniques.We put a stop to such questionable practices and stopped the culture of “phone banking”. This benefit can be availed once in a life time. Your tax helps provide dignity to our sisters and mothers with toilets and cooking gas connections. GST has resulted in increased tax base, higher collections and ease of trade. It is, therefore, just and fair that some benefits from the tax reforms must also be passed on to the middle class taxpayers. The number of returns filed have also increased from 3.6 per cent which is lower than the inflation during the tenure of any other Government. Under Anganwadi and Asha Yojana honorarium has been enhanced by about 50 per cent for all categories of workers.50 lakhs may not be required to pay any income tax if they make investments in provident funds, specified savings, insurance etc.

This is primarily because food inflation has increased. Maximum ceiling of the bonus given to the labourers has been increased from ` 3,500 pm to ` 7,000 pm and the maximum ceiling of the pay has been increased from ` 10,000 pm to ` 21,000 pm. The number of operational airports has crossed 100 with the commissioning of the Pakyong airport in Sikkim.84 lakh habitations have already been connected with pucca roads and work is going on to complete the rest very soon. EntertainmentEntertainment industry is a major employment generator. It is you who is ensuring respect, dignity, and a secure future to our retired jawans through One Rank One Pension.Madam Speaker, the people of India gave a strong mandate to our Government. Digital Infrastructure and digital economy of 2030 will be built upon the successes achieved in recent years in digitisation of Government processes and private transactions. India will lead the world in the transport revolution through electric vehicles and energy storage devices, bringing down import-dependence and ensuring energy security for our people.After submission of the 7th Central Pay Commission Report, the recommendations were implemented immediately. India’s transformation has inculcated a sense of pride and respect for Indians and persons of Indian origin across the globe. Keeping the contribution of the employee at 10 per cent, we have increased the Government contribution by 4 per cent making it 14 per cent. Hence, while for the present the existing rates of income tax will continue for FY 2019-20, I propose the following:Individual taxpayers having taxable annual income up to ` 5 lakhs will get full tax rebate and therefore will not be required to pay any income tax. to the housing projects approved till 31st March, 2020. The average rate of inflation during 2009-2014 was a backbreaking 10. In mission mode, we have provided 143 crore LED bulbs with the participation of private sector. Recently, a scheme of sanctioning loans upto ` 1 crore in 59 minutes has been launched. Within the next two years, almost all verification and assessment of returns selected for scrutiny will be done electronically through anonymised back office, manned by tax experts and officials, without any personal interface between taxpayers and tax officers. The GeM platform is now being extended to all CPSEs. The cost of data and voice calls in India is now possibly the lowest in the world. The Government while maintaining the existing reservation for SC/ST/Other Backward Classes, have now ensured 10 per cent reservation in educational institutions and Government services for poors. Similarly, small service providers with turnover upto `50 lakhs can now opt for composition scheme and pay GST at 6 per cent instead of 18pc. To promote entertainment industry - Single window clearance for ease of shooting films, available only to foreigners, is now going to be made available to Indian filmmakers as well. For securing the health of every home-maker in rural areas and to ensure that she does not have to shed tears for cooking food to nourish her family, our Government embarked upon a programme to deliver 8 crore free LPG connections under the Ujjwala Yojana.