Full foreign investment for insurance intermediaries proposed, easing local sourcing and streamlining FPI and NRI investment access.
The Budget proposes permitting full foreign investment in insurance intermediaries and easing local sourcing norms for Single Brand Retail, contemplates opening FDI further in aviation and media, allows FPIs to subscribe to listed debt of ReITs and InvITs, and raises the statutory FPI investment ceiling in a company from 24% to the sectoral foreign investment limit with corporates able to opt for a lower cap; it also proposes streamlined KYC for FPIs and merger of the NRI Portfolio Investment Scheme with the FPI route to facilitate NRI access to equities.

Strategic disinvestment: government to reinitiate Air India sale and expand private participation under revised ownership policy.
Government will reinitiate strategic disinvestment of Air India and offer more CPSEs for private participation, while pursuing consolidation of PSUs. The policy on retaining a 51% government stake may be relaxed case-by-case to allow holdings below 51% where control is to be retained, and the 51% retention principle is to be read inclusive of stakes held by government-controlled institutions.

Regulation of housing finance centralized to reallocate supervisory authority and strengthen market oversight to enhance stability.
An Expert Committee is proposed to recommend a restructured framework for development finance institutions and fund flows to support infrastructure. Regulatory control of the housing finance sector is to be reallocated to a central banking regulator. Separation of the NPS Trust from the pension regulator is proposed to protect subscriber interests. The net owned fund requirement for foreign reinsurers would be reduced to enable branch openings in an international financial centre. A one time six month partial credit guarantee for purchase of high rated pooled NBFC assets by public sector banks is proposed, and the Factoring Regulation Act is to be amended to permit wider NBFC participation on the TReDS platform.

Budget outlays for major social, agricultural and infrastructure schemes with year by year estimates and allocations.
Itemised budget schedule of central government outlays for major schemes across 2017-2018 to 2019-2020, organised by category (Core of the Core, Core, Major Central Sector). The table lists individual programmes (for example MNREGA, National Social Assistance Programme, PMAY, Swachh Bharat, National Health Mission, PM Kisan, Food Subsidy, Urea Subsidy) with actuals, budget estimates, revised estimates and future estimates in rupee crores to enable year on year comparison of allocations.

Commercialisation of space capability: new public sector company to commercialise technologies, produce launch vehicles and market space products.
The document announces the incorporation of New Space India Limited (NSIL) as a public sector commercial arm of the Department of Space to harness space capability commercially. NSIL's mandate is to commercialise government R&D by producing launch vehicles, transferring technologies to industry, and marketing space products and services.

Expenditure budget dated 5-7-2019 affected by document-processing error, leaving only metadata and a press release reference.
Expenditure budget dated 5-7-2019 is recorded but extraction was interrupted by an IndentationError during automated processing, leaving only minimal metadata and a reference to News - Press release - PIB, and preventing capture of the full budgetary content.

Central receipts detail tax and non tax revenue, GST breakdown, disinvestment and debt financing in total receipts.
Central receipts are divided into Revenue Receipts (Tax Revenue-including corporation tax, income taxes, customs, excise, and GST with CGST/IGST/cess-and Non Tax Revenue such as interest and dividends) and Capital Receipts (Non debt receipts-recoveries and disinvestment-and Debt Receipts). Deductions (NCCD transfers, states' share) produce the Centre's net tax revenue. Total Receipts sum Revenue and Capital Receipts with draw down of cash balances; figures are shown as actuals, budget, revised and estimates and include trend percentages of GDP.

Budget profile summarises receipts and allocations across taxes, loans, scheme expenditure, transfers, and interest payments.
Budgetary allocations are presented in lakh crore, detailing receipts by source-Net Tax Receipts, Non-Tax Revenue, Market Loans, Small Savings and State Provident Fund, Debt and Capital Receipts-and expenditures by category, including Scheme Expenditure (central and centrally sponsored), Core Schemes, social and economic services, subsidies, pensions, interest payments, transfers to states, and establishment costs within the stated Budget Size.

Transfer of resources to States and UTs via tax devolution, scheme transfers, and Finance Commission grants with itemised allocations.
Resource transfers to States and UTs are effected through devolution of States' share in taxes, scheme-based central transfers (centrally sponsored and central sector schemes), and Finance Commission and other grants. The document itemises major central items-NDRF assistance, Central Pool for North Eastern Region and Sikkim, externally aided projects (grants and loans), Article 275(1) schemes, Special Central Assistance to Scheduled Castes and Tribal Areas-and provides corresponding annual figures, distinguishing revenue and capital transfers and separate allocations for Delhi and Puducherry.

Fiscal deficit and financing sources show rising market borrowings, reliance on small-savings securities, state provident funds, and cash drawdowns.
The document reports central government fiscal aggregates-Fiscal Deficit, Revenue Deficit, Primary Deficit and Effective Revenue Deficit-with rupee levels and percentages of GDP, and itemises the sources of fiscal deficit financing: market borrowings, securities against small savings, state provident fund receipts, other internal debt and public account receipts, external debt, and drawdowns of cash balances, showing the composition and year-to-year shifts in reliance on each financing instrument.

Budget 2019 20 increases investment in agriculture and social sectors while targeting a 3.3% fiscal deficit.
Budget at a Glance 2019-20 defines Fiscal Deficit, Revenue Deficit, Effective Revenue Deficit and Primary Deficit, and reports receipts (tax and non tax), capital receipts, borrowings, interest payments and grants for creation of capital assets across Actuals (2017 18), RE/BE 2018 19 and BE 2019 20. It highlights an increase of Rs. 3,29,114 crore in expenditure over RE 2018 19 while targeting a fiscal deficit of 3.3% of GDP and states total resources to States in BE 2019 20 of Rs. 13,29,428 crore.

Rural housing objective under PMAY G to provide targeted houses with basic amenities, paired with road and energy upgrades.
The Budget designates Pradhan Mantri Awas Yojana - Gramin as the central vehicle to realise rural housing objectives by providing targeted houses with toilets, electricity and LPG connections to eligible beneficiaries, alongside PMGSY-III road upgradation emphasizing accelerated habitation connectivity and green construction technologies; energy programmes aim to secure universal electricity and clean cooking fuel access for willing rural households.

Public-Private Partnership to accelerate railway infrastructure and suburban projects, including SPV-backed services and station modernization.
Union Budget proposes Public-Private Partnership mechanisms to accelerate completion of railway tracks, rolling stock manufacturing and delivery of passenger and freight services, promote suburban rail investment through Special Purpose Vehicle structures, enhance metro initiatives with more PPP and support Transit Oriented Development, and launch a massive programme for railway station modernization while targeting completion of the dedicated freight corridor by 2022.

National budget prioritises infrastructure-led investment and tax digitalisation to accelerate a $5 trillion economy.
Budget prioritises an investment-led path to a $5 trillion economy via strengthened connectivity and infrastructure financing, matched by tax simplification and digitalisation (faceless e-assessment; Aadhaar-PAN interchangeability), targeted tax measures for corporate and affordable housing, and fiscal consolidation through calibrated expenditure, disinvestment and bank recapitalisation. Social priorities include rural water and electrification missions, fisheries and farmer support, women's SHG and MUDRA measures, labour-welfare pensions, and institutional reforms for MSME financing and a social stock exchange.

MSME credit facilitation expanded to enable rapid online loans and interest subvention, plus payment platform to cut payment delays.
Strengthening access to credit and timely payments for micro, small and medium enterprises is effected through an online loan delivery mechanism promising rapid sanctioning and an Interest Subvention Scheme providing targeted rate support for GST-registered MSMEs on fresh or incremental borrowing, coupled with a government payment platform to streamline bill filing and expedite vendor remittances.

Women's Self Help Group support expanded: overdraft access and widened interest subvention with enhanced MUDRA loan eligibility for members.
Operational provisions expand SHG credit access by permitting an overdraft for each verified woman SHG member with a Jan Dhan account, extending the Women SHG interest subvention programme to all districts, and making one woman in every SHG eligible for a MUDRA loan; a broad-based committee of government and private stakeholders will be constituted to evaluate and recommend further actions, building on an existing gender analysis of budget allocations.

Labour law consolidation into unified codes streamlines registration and filing, aiming to reduce industrial disputes and compliance burdens.
Stand-Up India Scheme extended through 2025 to continue targeted credit support for women and SC/ST entrepreneurs, with banks financing demand-based business needs including scavenging machines and robotics; government proposes consolidation of multiple labour laws into unified labour codes to standardise registration and filing and reduce disputes, while prioritising new-age and overseas-relevant skills and raising employer contributions to statutory pension and provident arrangements, increasing beneficiary coverage under the employment support scheme.

Start-up valuation immunity: declarations and e-verification shield investors from valuation scrutiny and enable relief measures.
Start-ups and their investors who file prescribed declarations and return disclosures will not be subject to scrutiny of share premium valuations; an e-verification mechanism will establish investor identity and fund source. CBDT will implement administrative safeguards requiring supervisory approval before Assessing Officers may carry out inquiries in these cases. The valuation immunity is extended to Category-II Alternative Investment Funds. Additional measures include relaxations for carry forward and set off of start-up losses, extension and easing of capital gains reinvestment exemption, a dedicated Doordarshan start-up programme, and a scheme offering investment-linked tax incentives for mega-manufacturing in sunrise technologies.

Ease of living through technology-digital payments, energy-efficient programmes and infrastructure upgrades to improve public services.
The Government will enhance public convenience through technology by promoting digital payments and using the Pradhan Mantri Shram Yogi Maandhan pension scheme to extend monthly pensions to eligible unorganised workers. Complementary measures include mass deployment of LED bulbs under UJALA and applying that approach to solar stoves and battery chargers, alongside a large-scale railway station modernisation programme to improve passenger experience.

GST filing simplification: small businesses to file quarterly returns and electronic invoicing to prefill returns.
GST filing relief is proposed by permitting taxpayers below a stipulated turnover threshold to file quarterly returns, providing free accounting software, consolidating multiple tax ledgers into one, implementing an automated refund module, and introducing an electronic invoice system to capture invoice details at issuance to prefill returns and remove the need for a separate e-way bill.