Budget 2019: Quick Aadhar for NRIs, roads’ upgradation, 10-point vision & other major announcements

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Union Budget 2019

As Finance Minister tabled her first union budget for the year 2019-20, all eyes are set as to which reforms will be announced amid weakening growth and economy.

Here are the major announcements that the minister made with respect to governance.

  • Quick Aadhaar for NRIs on arrival in India
  • Public-private partnership in railways
  • Commercialization of space ventures under ISRO
  • Plans to expand FDI in aviation and insurance
  • Additional income tax deduction of Rs 1.5 lakh on interest paid on loans taken for e-vehicles.
  • Govt to open embassies in countries where India doesn’t have a resident diplomatic mission as yet.
  • National transport card for universal travel which can used on various modes of transport (road, railways etc). The card can also be used as a ATM card for withdrawing money.
  • Govt plans to create MRO (Manufacturing, Repair and Operate) industry
  • PPP to be used to unleash faster development and the delivery of passenger freight services.
  • Comprehensive restructuring of National Highways Programme for creation of National Highways Grid.
  • Government envisions using rivers for cargo transport,it will also decongest roads and railways.
  • Nari tu Narayani: Women SHG Interest Subvention Programme to be expanded to all districts in India
  • Rs 1 lakh loan to be provided for SHG women members
  • 17 iconic world-class tourist sites to be developed
  • New Jal Shakti ministry will work with states to ensure Har Ghar Jal for all rural houses by 2024.
  • Pradhan Mantri Gram Sadak Yojana phase 3 is envisaged to upgrade 1,25,000 km of road length over the next 5 years.
  • Govt will set up 100 new clusters for 50,000 artisans in FY20
  • To invest Rs 80,250 cr for upgradation of roads under PM Gram Sadak Yojana
  • Rashtriya Swachhta Kendra to be inaugurated at Raj Ghat on Oct 2
  • Government lays out 10-point vision for the New India

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