The #Budget2019 was presented by Interim Finance Minister Piyush Goyal in the Parliament on Friday. Scroll down to see highlights!
12: 54 (IST)
“A budget for people, of the people.”
Union Commerce Minister Suresh Prabhu
12:45 (IST)
The house stands adjourned to meet again on Monday, the 4 February 2019 at 11:00 AM
Sumitra Mahajan, Hon’ble Speaker
12.14 (IST)
FM Piyush Goyal
“We are poised to become a 5 trillion dollar economy in the next five years, we aspire to become a 10 trillion dollar economy in the next eight years.”
12.10 (IST)
“A single window clearance for filmmaking to be made available to filmmakers, anti-camcording provision to also to be introduced to Cinematography Act to fight piracy”
FM Goyal
12:00 (IST)
Simplification of direct tax system will benefit taxpayers; direct tax reduced and tax interface made simpler and faceless to make life easier; resulting in increase in tax collections and return filings.
FM Shri Piyush Goyal
11.59 (IST)
The government increases defence budget to Rs 3 lakh crore.
11.58am: 2% interest subvention to farmers for animal husbandry
11:52 (IST)
“The government’s Sagar Mala Project will help faster handling of import and export cars.”
FM Foyal
11.51 (IST)
“All farmers affected by severe natural disasters to will continue to get 2% interest subvention and additional 3 per cent on timely loan repayment.”
Finance Minister Piyush Goyal
11:49 (IST)
“75% of beneficiaries under Pradhan Mantri Mudra Yojana are women. He added that 26 weeks of maternity leave and the Pradhan Mantri Matritva Yojana are empowering women in the country.”
Piyush Goyal
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11.47 (IST)
The government to now give 8 crore LPG connections to rural households under the Pradhan mantri Ujjwala Yojana
11.45 (IST)
Under the Mega Pension Yojana, namely Pradhan Mantri Shram Yogi Mandhan, the government will provide assured monthly pension of Rs 3,000 per month, with contribution of Rs 100 per month for the workers in unorganised sector after 60 years of age.
Piyush Goyal
11.42 (IST)
High growth and formalisation of economy has resulted in increased EPFO members by 2 crore in the last two years
Piyush Goyal
11.37 (IST)
“This initiative will benefit 12 crore small and marginal farmers, at an estimated cost of Rs 75,000 crore, this will enable farmers to earn a respectable living.”
Piyush Goyal
11.31am: To provide assured income support for small and marginal farmers, Pradhan Mantri Kisan Samman Nidhi has been approved, says Goyal. Under the Pradhan Mantri Kisan Samman Nidhi, Rs 6,000 per year will be given for each farmer in three installments. This money will be transferred directly to the farmers’ bank accounts. The scheme is applicable for farmers with less than 2 hectares land holding.
Piyush Goyal
11.28 (IST)
During the 2014-18, 1.53 crore houses have been constructed under the PM Awas Yojana.
11.28 (IST)
21 AIIMS are operating or being established, 14 of these have been announced since 2014.”
Piyush Goyal
11.26 (IST)
The government allocates Rs 60,000 crore for MNREGA in FY20.
11.11 (IST)
“Inflation is a hidden and unfair tax; from 10.1 per cent during 2009-14, we have broken the back of back-breaking inflation.”
Piyush Goyal
11.10 (IST)
“We have prepared the foundation for sustainable progress and prosperity for our people; we are moving towards realising the dream of New India by 2022.”
Piyush Goyal
11.10 (IST)
“The people of India gave a strong mandate to the Government, under leadership of PM Narendra Modi, structural reforms undertaken, reversed policy paralysis and restored the nation’s image.”
Piyush Goyal
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10.55 (IST)
Govt sources have been sending budget pointers to media houses, now if these pointers are there in FM’s speech then it tantamounts to a leak. It would be a serious issue of breach of secrecy.
Congress leader Manish Tewari
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10.34 (IST)
Meet the CBDT team behind the Union Budget 2019
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10:30 (IST)
Ministers arrive at the Parliament ahead of the session
10:25 (IST)
PM Modi reaches the Parliament to attend the Budget 2019 session
10:06 (IST)
FM Goyal reaches the Parliament.
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9.53 (IST)
Finance Minister Piyush Goyal calls on President Ram Nath Kovind at Rashtrapati Bhavan before presenting the Budget 2019.
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9.34 (IST)
Further checks conducted before the Budget 2019 session starts at 11:00 am.
9.27 (IST)
Sniffer dog checks the printed copies of Budget 2019.
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9.13 (IST)
The Union Cabinet to meet ahead of the Budget 2019 in Parliament.
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9.06 (IST)
The copies of Union Budget 2019 brought to the Parliament complex.
9.01 (IST)
Union Finance Minister Piyush Goyal arrives at the Ministry of Finance. The Budget will be presented at 11am.
9am (IST)
Budget: Yay or nay for the crowd?
What can we expect? Big announcements, huge giveaways for the poor and the underemployed even while the government is preparing for elections?
Disha Explains
8.33 (IST)
A big rural development allocation on the way! Today, in the interim budget announced by Piyush Goyal, he said that the government will be allotting Rs 1.3 lakh crore ($18.25 billion) for the Ministry of Rural Development, up from Rs 1.12 lakh crore in the current fiscal year.
As reported by Reuters
8.24 (IST)Interim Budget 2019: People friendly or more struggles for the common man?
Fitch Ratings warned the Modi government a budgetary fiasco in case they resort to populist expenditure to woo vote bank. Fitch’s base-case scenario is that government debt will remain close to 70 percent of GDP in the next few years and will constrain India’s sovereign rating.
Statistics: BBB-/Stable
Disha Explains
8.16 (IST)
#Budget2019: Who will manage the Indian Economy better – National Defense Alliance (NDA) or United Progressive Alliance (UPA)?
India’s GDP growth rate in 2010-11 is the highest recorded even after the recalibrated GDP data. This account of GDP falls under the tenure of Prime Minister Narendra Modi.
Disha Explains
Source: Doordarshan News
Stay tuned for more updates from the Parliament!
