Rs 1.5 Lakh Deduction on Interest for e-Vehicle, Affordable Housing Loans

Here is a quick catch-up on the major budget announcements so far:

1. India will ease foreign direct investment restrictions in single-brand retail.
2. Will open up FDI in aviation, insurance, media and animation sectors.

3.Will allow foreign investors to buy debt of listed real estate investment trusts.

4. India will become a $3 trillion economy in the current fiscal year, and a $5 trillion economy in the next few years.
5. Proposed government investment of 100 lakh crore in infrastructure over the next five years.
6. Will upgrade 125,000 kilometres of roads over the next five years at a cost of $11.6 billion.
7. Minimum public shareholding in the listed companies to be raised to 35 percent from the original 25 percent.
8. Rs 10,000 crore allocated to the FAME II scheme
9. Enhanced target set of Rs 1,05,000 crore for disinvestment during FY20 .
10. A proposed allocation of Rs 70,000 crore for public sector banks’ recapitalisation.
11. A new series of coins including for Rs 20 to be made available for public use shortly.
12. PAN and Aadhar will be interchangeable.