Analysed & Summarised By: CA Abhishek Ranka

Abhishek Ranka & Associates

Ratlam
+91 94240 20440
ranka.abhishek@gmail.com
Overview- Last 5 Years
 0.9 Trillion Increased in Economy from 2014 to 2019
 Digital India
 Blue Sky / Water Management
 Environment Friendly
 We Stand our position today as 6th Largest Economy of
World from 11th Position of 2014
 MSME Growth through Mudra Schemes and others
 BHARATMALA,SAGARMALA,JAL MARG VIKAS, UDAN
SCHEMES
Overview
 Reform Measure to Rental Housing
 New 210 Kms Metro Lines will be operationalised (Total 657
Kms Metro Lines altogether)
 Transportation Card through Rupay (One Nation One Card)
 PHASE-II
 Promotion of Electric Vehicle (Budget of INR 10000 Cr)
 Through Upfront Subsidy Scheme
 One Nation One Grid (Gas, Water Grid, Regional Airports)
 INR 50 Lakhs Crore estimated investment in Rail Infra
General
 MSMEs Loans upto Rs. 1 Crore in 59 minutes
 Pension benefit to 3 Crore Retailers / Traders under
Pradhanmantri Karamyogi Scheme (PMKYM)
whose T/O is less than Rs. 1.5 Crore
 Minimum Public Shareholding to increase from 25% to
35%
 FDI will open for Aviation, Media, Insurance
Intermediary Sector (100%)
 NSIL will Marektise products of space
Gramin Bharat
 Kendra Bindu: Gaav – Gareeb- Kisan
 By 2022 Every Single Rural Family will have as Electricity &
Clean Cooking Facility except who unwilling to take
connection...
 PMAY-G to achieve housing for all by 2022 (1.95 Crore houses
proposed to be provided with basic amenities)
 Avge No. Of day for completion of House reduced from 314 days
in 2015-16 to 114 days in 2017-18 (Technology)
 30000 Kms road prepared using green Technology (Waste
Plastic)
 130-135 Kms of Road Constructed every day in last thousand
days
 125000 Kms road will upgrade using Rs. 80,250 Cr. In next 5 Yr
Economy
 Focus Sectors: Honey, Khadi Clusters Bamboo (For Sfurti)
 Develop 75000 Skilled Entreprenuers in Agro Rural
Insdustry Sector
 10000 Farmers Producers Organisation
 Ease of Doing Business & Ease of Living for Farmers
 Under JAL JEEVAN MISSION – Jal to all Rural Households
by 2024
 Fisca Deficit reduced to 3.3% from 3.4% this Year
Economy
 SWACCH BHARAT ABHIYAAN-
 9.6 Crore Toilets constructed since 02nd October, 2014
 More than 5.6 Lakhs Villages have become ODF

 PM Gramin Digital Saksharta Abhiyaan:

 2 Crore Rural Indians Made Digitally Literate
Economy-Shahari Bharat
 PM Urban Aawas Yojana-
 47 Lakhs Houses constructed
 95% of all Cities become and Declared ODF
 Gandhipedia will develop for Sciense Museum for
Positive Gandhi Values
 Proposal to Enhande Metro Railway Initiatives Via PPP
Mode
-New India – Youth India
 New Education System
 National Research Foundation to Fund Coordinate &
Promote Research
 Massive Online Open Courses Through Swayam Initiative
 Till 2014 , Till 200th Ranking our name was absent but
now 3 University of India under Top 200th
 Rs. 400 Cr for World Class Institution (Bring Foreign
Citizen for Education in India)-”Study in India
Programme”
Economy
 Khelo India
 To Popularise Sports
 Youth Kaushal
 PM Kaushal Vikas Yojana to Train Youth including
language Training
 Multiple Labour Laws to be setup under only 4 Labour
Codes
 TV Programmes Exclusively for Startups-”DD Banquet”
Ease of Living-Ordinary Citizens
 Through Digital Payments
 PM Shram Yogi Maan Dhan Yojana: Rs, 3000 per month
pension to unorganised sector Labours
 Mass Scaling of LED Bulbs Distributed (35 Cr Bulbs)
 INR 18341 Crore Saved Annualy through LED Bulbs
 Railway Station Modernisation will be launched this year
 Naari Tu Narayani
 No Segment where women role insignificant
 78 Women MPs in House
 Proposed Interest Submention scheme under Jan Dhan
Yojana (SHG Member) allowed INR 5000 OD
 Women SHG Member allowed Mudra Loan of Rs. 1 Lakh
Ease of Living-Ordinary Citizens
 Allow NRI with India Passport for Aadhar
 Launch of Mission Linking Creative Industry with
Economy
 17th Tourism sites to be developed as World Class Tourist
Destinations
Banking & Financially System
 NPA reduced for Over 1 Lakh Crore
 PSB reduced to 8 Numbers
 PSU Banks to be provided INR 70000 cr for Credit
 Allow Citizens to access Bank Account from Other
PSU Bank
 One time 6 month partial guarantee upto 10% to PSU
bank for Purchase of High Pooled Assets by NBFC
 Proposed RBI as Regulator for Housing Finance Sector
from NHB
Banking & Financially System
 Steps to Separate NPS Trust from PFRDA
 100 Lakhs Crore Intended to Invest in next 5 years in
Infrastructure
 India Foreign External Debt to GDP is lowest @ less
than 5%
 New series of coins (Rs.1,2,5,10 & 20) will come in
market shortly
Taxation-Direct Tax
 Increased 78% Revenue from 13-14 (Rs. 6.78
Lakhs Crore) to 18-19 (Rs.11.37 Lakhs Crore)
 Tax Slab of Rs. 5 Lakhs as same as announced
in Feb -19 by Mr. Piyush Goyal (Tax will be
levied when income will Cross Rs. 5 Lakhs)
 Lower rate of 25% to include companies having
T/O upto Rs. 400 Crore
 U/s 35AD for Computer, Laptop
Taxation
 Electronic Vehicles- GST Rate initiated to 5%
from 12%
 Additional IT Deduction on Interest on Loan
 Fund Raising by Start up will not attract any
type of Scrutiny
 Proposal to Extend period of Exemption of
Captial Gains for start ups by 31.03.2021
 Additional Deduction of Rs. 1.5 Lakh for
interest on Home loan, availed by 31.03.2020
Taxation
 STT- Settlement and Strike Price in case of Options
 Our Rank turned to 121st From 172th
 > 120 Crore Citizens have Aadhar Card
 PAN and Aadhaar Interchangable for ease and
convienience of Taxpayers
 E-Assessment
 Faceless E-Assessment Scrutiny launched this year
 A Central Cell to Assess & Issue Notices to Cases under
Scrutiny
 TDS @ 2% on Cash Withdrawl exceeding Rs. 1 Cr from
Bank Account
 Lower Bank Charges like NEFT, RTGS if T/O > Rs. 50
Crore
Revenue Mobilization
 Surcharge Increases – 3% and 7% for Income between
Rs. 2 to 5 Cr and Above Rs. 5 Cr Respectively
 Indirect Taxes
 GST – A Monumental Reform
 Customs Exemptions for Defence Modernisation
 Customs duty increased to promote Make In India
 Legacy dispute resolution scheme to allow quickly
solution on litigation pending of Service Tax and
Excise of Around Rs. 3.7 Lakhs Crore
THANK YOU...