It is expected that at least 10 crore labourers and workers in the unorganised sector will avail the benefit of ‘Pradhan Mantri Shram-Yogi Maandhan’ within next five years making it one of the largest pension schemes of the world. Further, small businesses having turnover up to ` 1. A revised system of importing duty-free capital goods and inputs for manufacture and export has been introduced, along with introduction of single point of approval under section 65 of the Customs Act. I am proposing, through the Finance Bill, necessary amendments in this regard. We will also build a quality, science oriented educational system with Institutes of Excellence providing leadership at the top. Such support will help them in avoiding indebtedness as well and falling into clutches of money lenders. Small and fragmented land holding on account of repeated divisions has also contributed in decline in the income of the farmer family. I thank the 130 core people of the nation for the success of Swacch Bharat Abhiyan who adopted it whole heartedly.?Simplification of Direct Tax System to benefit Tax-payersMadam Speaker, for making the life of our direct tax-payers easy, we reduced tax rates, more for the common man and middle class, and made the interface with the tax department much simpler and largely faceless. Due to this, the tax collections increased significantly from ` 6. Further, the TDS threshold for deduction of tax on rent is proposed to be increased from ` 1,80,000 to ` 2,40,000 for providing relief to small taxpayers. Under Anganwadi and Asha Yojana honorarium has been enhanced by about 50 per cent for all categories of workers. A high level Inter-Ministerial Committee, constituted by our Government, has made several specific recommendations, including transforming the system of bidding for exploration, changing from revenue sharing to exploration programme for Category II and III basins. and to meet other needs.Madam Speaker, past five years have seen massive scale up of health care. Such a healthy India built with the participation of women having equal rights and concern for their safety and empowerment.3pc for year 2018-19 and taken further steps to consolidate fiscal deficit in year 2019-20.Till the year 2014, about 2.We have maintained the glide path towards our target of 3pc of fiscal deficit to be achieved by 2020-21. All returns will be processed in twenty-four hours and refunds issued simultaneously. As many as 57 CPSEs are now listed with total market capitalisation of over ` 13 lakh crore. A grand edifice will be erected with their support. We have taken several initiatives to strengthen their connect with India, facilitate their investment in India and ease their travel.50 lakhs may not be required to pay any income tax if they make investments in provident funds, specified savings, insurance etc. This period also witnessed a rapid liberalisation of the FDI policy, allowing most FDI to come through the automatic route.The Income Tax Department now functions online. High farm production and productivity will be achieved through modern agricultural practices and value addition.68 lakh crore in year 2018-19. India’s installed solar generation capacity has grown over ten times in last five years.?Labour and Workers DignityMadam Speaker, our Government firmly believes that workmen and all the people working in Government services should get benefit of the fast growing economy. Development has become a mass-movement during the period of our Government.Because of major tax reforms undertaken by us during the last four and half years, both tax collections as well as the tax base have shown significant increase and we have made progress towards achieving a moderate taxation–high compliance regime.3 per cent of global production, registering an average annual growth of more than 7 per cent in recent years. This will benefit small depositors and non-working spouses. Today, India is the fastest highway developer in the world with 27 kms of highways built each day.?Empowering Youth to fulfil their potentialIndia is amongst the most youthful nations in the world. This sector is now creating lakhs of new age jobs. We contained the fiscal deficit notwithstanding the Finance Commission’s recommendations increasing the share of the States from 32 per cent to 42 per cent in central taxes, which we accepted in the true spirit of cooperative federalism, thereby transferring significantly higher amounts to the States.Under the Pradhan Mantri Gram Sadak Yojana, construction of rural roads has been tripled.?Empowering MSMEs and TradersGovernment has undertaken many effective steps to strengthen MSME sector, which provides employment to crores of people. Under this programme, vulnerable landholding farmer families, having cultivable land upto 2 hectares, will be provided direct income support at the rate of `6,000 per year.Agriculture continues to be the main driver of the rural economy. Domestic workers are also engaged in big numbers.More than 70 per cent of the beneficiaries of Pradhan Mantri MUDRA Yojana are women who are getting affordable and collateral-free loans to start their own businesses.Indian Railways has experienced the safest year in its history. This will provide tax benefit of ` 18,500 crore to an estimated 3 crore middle class taxpayers comprising self employed, small business, small traders, salary earners, pensioners and senior citizens. The GST Council, comprising the Centre and States/UTs, finalised the GST rates collectively mostly lower than pre-GST rates. We will be aiming at healthy society with an environment of health assurance and the support of necessary health infrastructure.79 crore to 6. Considering the difficulty of the middle class having to maintain families at two locations on account of their job, children’s education, care of parents etc. Of this, the material to the extent of at least 3pc will be sourced from women owned SMEs.?Vision for the next DecadeMadam Speaker, the NDA Government headed by Hon’ble Prime Minister Shri Narendra Modi has laid the foundation for India’s growth and development for times to come.Total expenditure rises from ` bearing Manufacturers24,57,235 crore in 2018-19 RE to `27,84,200 crore in 2019-20 BE, a rise of `3,26,965 crore or approximately 13.For salaried persons, Standard Deduction is being raised from the current ` 40,000 to ` 50,000. For securing our borders and to maintain preparedness of the highest order, if necessary, additional funds would be provided. The concept of employment is changing all over the world, now the employment generation is not confined merely to Government services or factories. Our Government has abolished duties on 36 capital goods. Fifth Dimension of our Vision for India of 2030 is Clean Rivers, with safe drinking water to all Indians, sustaining and nourishing life and efficient use of water in irrigation using micro-irrigation techniques. This will be built upon the Make in India approach to develop grass-roots level clusters, structures and mechanisms encompassing the MSMEs, village industries and start-ups spread in every nook and corner of the country. This is primarily because food inflation has increased. Since then, GST has been continuously reduced providing relief of about ` 80,000 crore annually to consumers.