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Budget 2019 in two minutes: Tax sops, pension benefits, FDI norms, and more

From concessions on purchase of affordable housing to higher surcharge on those earning over Rs 2 crore, here are the top highlights of Budget 2019

Finance Minister Nirmala Sitharaman arrives at Parliament to present the Union Budget 2019-20, in New Delhi
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Finance Minister Nirmala Sitharaman arrives at Parliament to present the Union Budget 2019-20 in New Delhi | Photo: PTI

Business Standard New Delhi
Union Finance Minister Nirmala Sitharaman presented her maiden Budget on Friday. In the over two-hour long speech, Sitharaman read out proposals for the various sectors of the economy. From concessions on purchase of affordable housing to higher surcharge on those earning over Rs 2 crore, here are the highlights of Budget 2019:

Excise, customs hikes to hit middle class

Taking advantage of the softening of crude oil prices from their earlier highs, the government has reviewed excise duty and cess on petrol and diesel. It proposes to increase special additional excise duty and