InvestorQ : What according to you can be the major areas of difference between union budget 2019-20 and 2018-19?
Diya Chitale made post

What according to you can be the major areas of difference between union budget 2019-20 and 2018-19?

Answer
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Siya Saran answered.
1 year ago


The purpose and expectations with the full budget are to ensure that welfare measures are properly delivered.
Standard deduction limit raised from Rs 40,000 to Rs 50,000, including pensioners, in lieu of transport and medical allowance.
Big boost to real estate sector in the form of rollover of capital gains, tax exemption on notional rental income, and enhancement of TDS threshold for tax on rent.

A total 12cr small and medium farmers were assured annual income of Rs 6,000 at the bare minimum leading to an annual outlay of Rs75,000cr of helicopter money.

Budget 2018 primarily focused on keeping business happy, but budget 2019 shifted its focus from just business to keeping farmers and small businesses happy too. The major reason for the same could be due to the outcome of the election setbacks suffered in states such as Madhya Pradesh, Chhattisgarh, and Rajasthan. In these three states, the major issue was rural stress. Hence, Union Budget 2019 has been a lot more liberal to rural India. Secondly, budget 2019 has focused on middle-class disposable income which is the eventual result for consumption growth.