Budget 2019-20: Key highlights of FM Piyush Goyal's announcements
Updated : February 04, 2019 07:37 AM IST
The government approved the PM Kisan Samman Nidhi scheme. The government assured an income to be transferred through a direct benefit transfer in three equal installments and farmers owning two hectares of land will get Rs 6,000 per year.
In a major relief to the salaried class, Goyal announced full tax exemption for income up to Rs 5 lakh crore. This translates to a benefit of Rs 18,500 crore to more than 3 crore taxpayers.
The government announced an allocation of Rs 500 crore for a mega pension scheme for the unorganised sector. For those who have reached the retirement age, 60, will get a monthly pension of Rs 3,000.
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