TaxTMI 
TaxTMI 
TaxTMI 
'Citizen First' - Minimum Government and Maximum Governance Approach
- 'FDI now means 'First Develop India''.
- Four groups - Garib, Mahilaye, Yuva and Annadatta (the poor, women, youth and farmers) - are a priority for the government.
- Finance Minister Nirmala Sitharaman said benefits of Ayushman Bharat will be extended to all ASHA and Anganwadi workers.
- Finance Minister said the government will help 'deserving sections' of middle class to build their own houses.
- A corpus of ₹ 1 lakh crore will be established with 50-year interest free loan to provide long term financing with long tenure with no or less interest rates.
- Roof-top solarization scheme - Solar panels rooftops to give 1 crore households 300 units of free electricity per month.
- 'GDP' - Focus on more comprehensive 'Governance, Development, Performance'.
- 'Garib Ka Kalyan, Desh Ka Kalyan' - FM said the government has helped 25 crore people to get freedom from poverty in last 10 years.
- Helping tribal groups who have remained outside domain of development.
- Focusing on four major groups - Poor, Women, Youth and the farmers [Annadatta].
- No change is expected in tax rates for individual taxpayers opting for the regular tax regime.
- Goods Service Tax (GST) has created 'one nation one market one tax'.
- Any hesitant in opting for the new regime, to increase its acceptance, the government may allow deductions under 80C in this regime.
- No proposals to be made on tax rates - direct or indirect taxes including import duties.
- Tax benefits for startups, investments made by sovereign wealth, pension funds to be extended to March 2025.
- Government to promote private investment in post harvest activities.
- Strengthening financial sector in terms of size, capacity, skills, regulatory framework, to meet Investment needs.
- Empowering Women's participation in workforce - Making triple talaq illegal, reservation of 1/3 seats for women in Parliament and state assemblies, over 70 % houses under PM Awas Yojana to women.