Finance minister Piyush Goyal will present the sixth and hence, the interim budget of the Narendra Modi government on Friday. The interim budget is widely expected to concentrate on giving big push to investment in agriculture, small and medium industries, and health sectors.
Read here: All you want to realize
Income tax concessions for individuals and lowering of peak tax rate for the corporates can be a part of a imaginable populist interim budget that Goyal will present on Friday as the Modi government makes a last-ditch attempt to woo voters ahead of the Lok Sabha elections.
Watch Interim Budget 2019 LIVE here:
Here are the live updates:
10:51 am IST
How your taxes and investments could be affected by the budget
Budget 2019, the final for the NDA government, will be announced soon. Though no big ticket announcements are expected experts are divided on if sops will be provided since it’s an election year. Will the government stick to the norm of presenting an interim budget in an elelction year or will they make big ticket announcements? We’ll have to wait and watch .From a personal finance standpoint, tax relief is a major hope from the budget. But some analysts feel is better to not set the hopes too high.Housing is another area that is expected to see some announcements. To be able to achieve the target of ‘Housing for all by 2022’ the budget may introduce or increase some benefit for home buyers. Reports have also suggetsed the budget may introduce debt-oriented new schemes that will offer tax deduction to investors. Read full outline here.
10:46 am IST
TDP MPs dress in black to demostrate against govt ahead of Budget 2019
TDP MPs dressed in black gathered to demostrate against the central government ahead of the presentation of the interim #Budget2019. They’re protesting in Parliament premises demanding special category status for Andhra Pradesh, reports ANI.
Delhi: Telugu Desam Party (TDP) MPs dress in black to demostrate against the central government ahead of the presentation of the interim #Budget2019. They’re protesting in Parliament premises demanding special category status for Andhra Pradesh. pic.twitter.com/ANy29nazko
— ANI (@ANI) February 1, 2019
10:42 am IST
Cabinet meets to lucid interim Budget
Cabinet meets ahead of budget presentation in Parliament.
10:40 am IST
Sushma Swaraj, Rajnath Singh, Ravi Shankar Prasad arrive at Parliament
Union ministers Sushma Swaraj, Rajnath Singh and Ravi Shankar Prasad arrive at the Parliament.
Delhi: Union Ministers Sushma Swaraj, Rajnath Singh, and Ravi Shankar Prasad arrive at the Parliament. Following the Cabinet assembly, Piyush Goyal will present the interim Budget 2019-20 at 11 am #Budget2019 pic.twitter.com/aVBOgDXKVK
— ANI (@ANI) February 1, 2019
10:30 am IST
Only ‘jumlas’ will come out today: Mallikarjun Kharge
Congress leader Mallikarjun Kharge said that the government will try to introduce populist schemes in the Budget keeping track of Lok Sabha polls. “Budgets they’ve presented so far haven’t in reality benefitted general public. Only ‘Jumlas’ will come out today. They’ve only 4 months when will they execute the schemes?”, he asked ahead of Budget 2019, reports news agency ANI.
10:27 am IST
6th budget can be for the farmers: Radha Mohan Singh
The final five budgets have been committed to the farmers, the government’s sixth budget can be for the farmers, it’ll empower them, says Radha Mohan Singh told ANI.
10:22 am IST
‘This time let’s demonetise 100 rupee paper money’: Chidambaram
The demonetisation year was once the most efficient year of growth (8.2%) under Mr Modi. So, let’s have another round of demonetisation.
This time let’s demonetise 100 rupee paper money.
— P. Chidambaram (@PChidambaram_IN) February 1, 2019
10:20 am IST
‘Modi govt popular, it’s natural we can care for everything’
“Modi government is a well-liked govt, it’s natural that we can care for everything. We will be able to do whatever is imaginable for the people. We have all the time presented a good budget,” Shiv Pratap Shukla, MoS, finance, told ANI.
10:14 am IST
What economists expect from today’s budget
Mint spoke to economists approximately their expectation from the budget. Arvind Virmani, former chief economic advisor, said, “There are two aspects of the budget, one is the finance minister’s speech and the other is actual numbers of budget allocation.” Indira Rajaraman, economist and former finance commission member, said, “Even supposing govt gets tax proposals passed, it’ll be a remark of mean.” Read full story here.
10:10 am IST
‘Investment in railways will be increased’: Manoj Sinha
The way the government has increased the investment in railways, from installing CCTV cameras to WiFi, I imagine further investment in railways will certainly be increased, said Manoj Sinha, Minister of State for Railways, ahead of Interim Budget 2019, reports ANI.
10:07 am IST
What is vote-on-account, when is it presented?
Understandard practice, a vote-on-account or approval for fundamental government spending for a limited period is taken in an election year and a full-fledged budget is presented by the new government. Whether the budget date falls few months ahead of polls, then an Interim Budget is presented. Read here to realize what it precisely is.
10:00 am IST
Rupee slips 9 paise to 71.17/USD in early commerce; focus on interim budget
The rupee Friday depreciated by 9 paise to 71.17 in early commerce on the forex market amid strengthening of the American currency and caution ahead of interim budget. the Forex market traders said strengthening of america dollar against some currencies in a foreign country, focus on interim budget and rising crude oil prices weighed on the native unit.
The current government is set to present its final Budget Friday, which is expected to have major announcements to make stronger the farm sector and spur consumption. At the Interbank Foreign Exchange, the rupee opened at 71.08 then fell further to 71.17 against america dollar, showing a decline of 9 paise over its preceding closing, reports PTI.
On Thursday, the rupee had settled 4 paise higher at 71.08 against america dollar.
9:58 am IST
What’s the point of this Budget, says Akhilesh Yadav
जब हर क्षेत्र में देश गया घट
तो क्या करोगे ला कर बजट
तैयार हो जाइए आनेवाला है झूठ का पुलिंदा जिसमें ‘सच’ को छोड़कर सब कुछ होगा…
— Akhilesh Yadav (@yadavakhilesh) February 1, 2019
9:52 am IST
Piyush Goyal calls on President Kovind ahead of Budget 2019
Delhi: Finance Minister Piyush Goyal calls on President Ram Nath Kovind at Rashtrapati Bhavan before presenting the Union #Budget2019 pic.twitter.com/QZUnE01gqU
— ANI (@ANI) 1 February 2019
9:47 pm IST
PM Modi looks to budget to shore up political base
Prime Minister Narendra Modi’s government is expected to take a look at and shore up its political make stronger with big ticket farm giveaways and tax cuts for the middle class in its last budget on Friday, months before elections.
9:44 am IST
Piyush Goyal meets president Kovind
Piyush Goyal meets President Ramnath Kovind.
9:40 am IST
Sensex gains 100 points, Nifty at 10,860 points
Sensex today gained 100 points while Nifty at stood at 10,860 points in early commerce.
9:20 am IST
‘Sabka Saath, Sabka Vikas’ our government’s mantra:
Union Minister of Parliamentary Matters Narendra Singh Tomar said ‘Sabka Saath, Sabka Vikas’ has been our government’s mantra and it’ll mirror in the Budget, ahead of Interim Budget 2019.
9:08 am IST
Realize your budget: Terms to realize approximately B-Day
The Budget is the most comprehensive outline of the government’s finances in which revenues from all sources and outlays for all activities are consolidated. It also contains estimates of the government’s accounts for the next fiscal year. Read here for the terms you will have to realize before Goyal presents the interim Budget.
9:02 am IST
Change in date, time of Budget presentation: All you want to realize
The BJP-led National Democratic Alliance government will present its final budget in February before the general election to be held in March-April this year. Union minister Piyush Goyal, who has been temporarily been provided the charge of the finance ministry with Arun Jaitley in america for medical remedy, will present the Bharatiya Janata Party government’s fifth budget before the 2019 Lok Sabha polls. Read here for all you want to realize approximately Interim Budget 2019.
8: 55 am IST
Union Cabinet to meet ahead of Budget presentation
The Union Cabinet will be assembly ahead of the Budget 2019 presentation in the Parliament today, reports news agency ANI.
8:45 am IST
Govt may have to race against time to push key bills
The budget session will have just 10 working days, and the government may have to race against time to push key bills. In the Rajya Sabha, the National Democratic Alliance government has failed to pass key bills, including the Triple Talaq invoice and the Citizenship Amendment Invoice.
8:40 am IST
Centre likely to present vote-on-account
The Centre is likely to present a vote-on-account with an interim budget. A vote-on-account for fundamental government spending for a limited period is taken in an election year and a full-fledged budget is presented by the new government. Whether the budget date falls few months ahead of polls, then an Interim Budget is presented.
8:35 am IST
Piyush Goyal to present budget
Union minister Piyush Goyal, who has been temporarily been provided the charge of the finance ministry with Arun Jaitley in america for medical remedy, will present the Bharatiya Janata Party government’s fifth budget before the 2019 Lok Sabha polls.
8:30 am IST
Final budget before Lok Sabha polls
The BJP-led National Democratic Alliance government will present its final budget in February before the general election to be held in March-April this year.