• HOME
  • PRODUCTS
    logo

    FOR BUSINESS logo

    logo

    FOR INVESTORS logo

    Invoice Discounting

    Unlock money tied up in unpaid invoices

    KNOW MORE

    KredX Pay Later

    A closed loop financing for your dealers/distributors/Retailers

    KNOW MORE

    KredX Cash Management Solutions (CMS)

    Get real-time analytics. Manage disputes. Minimise risks. Get risk-free returns

    KNOW MORE

    KredX Global Trade

    Get Quick Finance To Fund Your Import-Export Requirements

    KNOW MORE

    Invoice Discounting

    Diversify your portfolio with alternative short-term investments

    KNOW MORE
  • PARTNER WITH US

    Business Partner Program

    Accelerate your client’s business growth and get attractive payouts on time

    KNOW MORE

    Financial Advisor Program

    Grow your credibility and clients’ investment portfolio

    KNOW MORE
  • KNOWLEDGE CENTER

    FAQs

    Blog

    Knowledge Base

    Webinars

    Reports

    WhitePapers

    Podcasts

  • COMPANY
  • LOGIN / SIGNUP
  1. Home
  2. Investor
  3. All That Could Be In Store In The Finance Minister’s Briefcase: Budget 2019
 All That Could Be In Store In The Finance Minister’s Briefcase: Budget 2019
Investor

All That Could Be In Store In The Finance Minister’s Briefcase: Budget 2019

by KredX Editorial Team January 31, 2019 0 Comment

A lot cannot be expected from this year’s Union Budget as it will be an interim one. But that doesn’t mean we can’t expect surprises from the current government. With the approach of February 1, the NDA government is prepared to present its final budget before the general elections. Recently, the Finance Minister, Mr Arun Jaitley confirmed that he will be presenting the budget. With this said, Mr Jaitley recently held the customary ‘Halwa Ceremony’ which denotes the printing of 2019 Budget documents.

According to information from various sources and speculation among experts, we have narrowed it down to five things that could be in store for the 2019 Budget.

Relief Packages For The Agriculture Sectors

As per the information we have collected from various sources,  the government might be planning to announce agricultural packages for farmers. This relief package could cost the government around Rs 1.5 lakh crores. Keeping this in mind the agricultural ministry could get around Rs 2 lakh crores in this budget. Recently in a speech by Jaitley, it was hinted that the government is considering taking steps to fix the crisis of the agricultural sector. He further went on to say that there are important announcements, which he can’t wait to announce.

Universal Basic Income

Although UBI is something which is thought upon and discussed before every budget, so far no such announcement has been made for this year’s budget. UBI or Universal Basic Income decided a fixed amount which the poor get every month. No such announcements have been made by the government regarding this in this Interim budget. Nevertheless, keeping in mind the upcoming general elections, something big in the form of UBI could be announced for the poor which can be in favour of them

Food Subsidy Hike

We also found out after extensive research that there might be an all-time hike of Rs. 1.80 lakh crore for food subsidy bill. This allocation was originally sought by the food ministry. The finance ministry appears to find merit in 20 percent hike and seems enthusiastic about such an announcement in this interim budget.

Insurance Schemes & Cheap Loans For Businesses

It seems like apart from the insurance schemes for traders, the government is also coming up with an insurance scheme for businessmen who are registered under GST. As per a Reuters report, Prime Minister Modi is thinking of offering affordable loans and accidental insurance coverage to millions of small businesses. It is important to note that it is not known whether this scheme will be announced in the budget or outside the budget. The government might also make some announcements about corporate tax in the Budget.

Income Tax Exemption Limit Hike

We don’t know how true this is, but as per our sources and research, the government is considering a hike in the Income Tax exemption limit. The income tax exemption limit might go up to Rs 5 lakhs from Rs 2.5 lakhs in the Budget. So far there has been no confirmation on this.

The current year’s budget session has arrived at a very crucial point as the entire nation has eyes upon the general elections which are being held in May. As such, it is crucial for the current government to put forth a budget which is in favour of the people and at the same time goes hand in hand with the nation’s development. All that is left for us is to fold our arms and wait for the surprises that this year’s budget has in store for us.

Share This:

Author :-

KredX Editorial Team

Tags: Arun Jaitley budget 2019 Finance Minister Food Subsidy Income Tax Exemption Insurance Schemes Relief Packages Union Budget Union Budget 2019 Universal Basic Income
Previous post
Next post

KredX Editorial Team (Website)

administrator

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Enquire now

  • Invalid value

  • Invalid value

  • Invalid value

The Best Of Alternative Investments, Now On Your Phone

Download App:

Wing ‘A’, Ground Floor, Office-1 Block-‘A’, Salarpuria Softzone, Bellandur Village, Varthur Hobli, Bangalore South Taluk, Outer Ring Road, Bangalore – 560103

+1 212-602-9641

info@example.com

Get More Location

Follow us:

Download app:

Company

Home
About Us
Careers
Contact Us
Our Offices

Resources

Blog
Reports
Whitepapers
Knowledge Base
Podcasts
Webinars

Support

FAQs
Talk To Our Advisor
Chat With Us
Sign Up
Login

Legal

Nodal Officer Name: Amrutha A / Ph: 08061799200, IVR-9 / Email: Amrutha@Kredx.Com
Terms And Conditions
Privacy Policy

Investor Products

Invoice Discounting
Bonds
Digital Gold/Silver
KredX Assured

Business Products

Invoice Discounting
Buy Now Pay Later
KredX Cash Management Solutions
KredX Global Trade

Quick Links

Business Partner Program
Financial Advisor Program
Business Suite
kredx certificateskredx certificateskredx certificateskredx certificates
©2023 Minions Ventures Pvt Ltd