This was Modi 2.0 government's first Budget, making Sitharaman only the second woman to have presented a Union Budget in the Lok Sabha.
Finance Minister Nirmala Sitharaman on Friday announced a slew of steps to scale up India's infrastructure including augmenting 1,25,000 km of rural roads under the Pradhan Mantri Gram Sadak Yojana at a cost of Rs 80,250 crore and and creating a national highways grid.
Proposing a series of reforms of the capital market while presenting her maiden Union Budget, Sitharaman also proposed merging the Non-resident Indian (NRI) portfolio route with the FPI route to increase more NRI fund flows into the country.
Finance Minister Nirmala Sitharaman presented the first Budget of the Narendra Modi government's second term in the Lok Sabha Friday morning. Here's the full list of what has become costlier and what has become cheaper.
While presenting interim Budget 2019-20 in February, the government had pegged fiscal deficit target at 3.4 per cent.
The government will focus on imparting new-age skills in areas like artificial intelligence, Internet of Things, big data, 3-D printing, virtual reality and robotics to equip youth to take up high-paying jobs, Finance Minister Sitharaman said.
Shares of public sector banks gained up to 5 per cent Friday after Finance Minister Nirmala Sitharaman announced fund infusion of Rs 70,000 crore into PSBs to strengthen them and enhance lending capacity.
Presenting the Budget for 2019-20 in the Lok Sabha, Sitharaman said fishing and fishermen were closely aligned with farming and were crucial to rural India.
India is capable of emerging as a hub for the production of electric vehicles (EVs), in the process boosting employment generation.
Finance Minister, Nirmala Sitaraman in Budget 2019 said that there is a need to create skilled professionals in the New-Age technology that is fast changing the business landscape for both big and small enterprises.
The proposal would cover 99.3 per cent of the companies operating in the country, she said while presenting Union Budget 2019-20 in the Lok Sabha.
TDS of 2% on withdrawal of cash more than Rs 1 crore in a year.
To discourage the practice of making business payments in cash the government proposes to levy TDS of 2% on cash withdrawal exceeding Rs 1 crore in a year from a bank account.
Banks have recovered Rs 4 lakh crore due to the Insolvency and Bankruptcy Code and other means effected in the past four years, she said.
Union Finance Minister Nirmala Sitharaman is presenting the first budget of the Narendra Modi-led NDA government 2.0.
Finance Minister Nirmala Sitharaman Friday said the government will build 1.95 crore houses under the Pradhan Mantari Awas Yojna (PMAY) - Gramin over the next two years.
Finance Minister Nirmala Sitharaman: I propose to consider issuing Aadhaar Card for Non Resident Indians (NRIs) with Indian passports after their arrival in India without waiting for the mandatory 180 days.
Finance Minister Nirmala Sitharaman Friday said the government will invest widely in agriculture infrastructure and support private entrepreneurship for value addition in farm sector.
The government proposed to consider issuing Aadhaar cards to Non-resident Indians (NRI)s with Indian passports in India without having to wait for the necessary 180 days.
Finance Minister Nirmala Sitharaman Friday said making available safe drinking water to every citizen is a priority for the government which is working towards 'Har Ghar Jal' by 2024.
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