new delhi the union budget 201920 presented by finance minister nirmala sitharaman on friday lays out the roadmap for a new india it reflects upon economic growth employment generation development in infrastructure and social sector here is how it will impact different sectorsmiddle class additional deduction of up to rs 15 lakh for interest paid on loans for purchase of house of value up to rs 45 lakh pan and aadhaar will become interchangableread alsotax deduction on home loan interest to boost housing demand realtorsnew delhi the demand for housing units worth up to rs 45 lakh will rise on account of additional rs 15 lakh tax deduction provided in the budget on interest paid on housing loans sanctioned this fiscal to firsttime homebuyers property developers and consultants on friday said while hailingbudget 2019 whats costlier whats cheaperfinance minister nirmala sitharaman on friday presented her maiden budget and the first of the modi government in its second term petrol diesel cigarettes hookah gold silver fullyimported cars and split airconditioners will become expensive while electric vehicle components cameramodi20 budget petrol diesel price hiked customs duty raised on 75 items new tax on superrichthe modi 20 governments budget on friday hiked petrol and diesel prices raised import duty on dozens of items and increased tax on superrich as it sought to spur growth through higher spending sops for startups housing and corporates nirmala sitharaman announced further opening up ofthose who do not have pan will be allowed to file income tax return itr using their aadhaar number additional income tax deduction of rs 15 lakh on interest paid on loans taken to purchase electric vehiclesyouth new education policy will transform the higher education system of india to one of the best global education systems national research foundation has been created to fund coordinate and promote research study in india programme to help india attract foreign students to make india a global higher education hub setting up higher education commission of india to promote greater autonomy and focus on academic outcomes setting up of national sports education board for development of sportspersons under khelo india schemewomen entrepreneurs to encourage women enterprise women selfhelp group shg interest subvention programme to be expanded to all districts every verified women shg member having a jan dhan bank account to be allowed an overdraft of rs 5000 one woman in every shg to be made eligible for a loan up to rs 1 lakh under the mudra schemesmall business under the interest subvention scheme rs 350 crore has been allocated for 2 per cent interest subvention for all gst registered msmes on fresh or incremental loans creation of payment platform for msmes to enable filing of bills and payment thereof to eliminate delay in payment pension benefit extended to three crore retail traders and shopkeepers with annual turnover of up to rs 15 crore under pradhan mantri karam yogi maandhan schemefarmers pradhan mantri matsya sampada yojana to establish robust fisheries management framework to address critical gaps