WHAT IS INTERIM BUDGET?

Interim Budget
With an Interim Budget, the incumbent government seeks a vote of approval from Parliament to draw money from the Consolidated Fund of India to meet its Budget expenses before the end of the financial year; that is, March 31, 2019. It is a traditional practice which takes place in the run-up to every general election.
The full Union Budget is presented by the newly-elected government after Lok Sabha polls. In recent times, Interim Budgets have been instrumental for the incumbent governments to list out their achievements to draw voters' support.
What can be done?
An Interim Budget is similar to a Union Budget. In Interim Budget, the ruling government tables estimate of its expenditure, revenue, fiscal deficit and financial performance and projections for the upcoming financial year. The ruling government at the end of its tenure, presents an Interim Budget for three to four months so as to keep the country running unhampered. The likely focus of the incumbent government in the Interim Budget can be to outline its economic vision for the next five years, should it return to power.
Even if major tax proposals are not made, the ruling government sometimes does adopt a few populist measures to please the electorate.
What cannot be done?
It does not make any major policy announcements during the Interim Budget which could financially burden the next government that will present the full Union Budget. According to the Election Commission's Code of Conduct, the ruling government cannot include any major scheme in the Interim Budget as it could influence the voters. The government in power does not present the Economic Survey along with the Interim Budget.
INTERIM BUDGET NEWS
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Budget 2020: Govt may consider tax sops, easier norms to boost investments
Revenue projections may be realistic this time| January 28, 2020, Tuesday -
Lok Sabha polls 2019: How Modi's PM-KISAN may translate into votes for BJP
The cash dole to farmers without they doing any work will have major economic, political and psychological repercussions| February 20, 2019, Wednesday -
India needs fewer but stronger, mega banks: FM Jaitley after RBI meet
RBI Governor Shaktikanta Das said the central bank will discuss the issue of transmission of rate cut with bank heads| February 18, 2019, Monday -
Rajya Sabha passes Interim Budget, Finance Bill 2019-20 without debate
Rajya Sabha Chairman M Venkaiah Naidu put the bills to vote, which were approved by voice vote and returned to the Lok Sabha| February 13, 2019, Wednesday -
Lok Sabha clears Finance Bill; FM says tax proposals aimed at helping poor
Goyal also took a swipe at the Congress, saying unlike the previous UPA dispensation, the Modi government in its interim Budget ...| February 13, 2019, Wednesday -
No tax liability if your income is up to Rs 9.5 lakh, but conditions apply
Standard deduction has also been raised from Rs 40,000 to Rs 50,000, besides a host of tax benefits to home buyers| February 12, 2019, Tuesday -
LS passes Interim Budget; allocation for farmers not small, says Goyal
Goyal also refuted the criticism that the government has presented a full Budget in an election year, saying "we have not ...| February 11, 2019, Monday -
Amid unemployment chorus, Budget claims over 379K new jobs in govt depts
Most of the recruitment was done by the Ministry of Railways, police forces and the direct and indirect tax departments| February 10, 2019, Sunday -
We presented true figures in Budget, did not make adjustments: Piyush Goyal
Similarly, an adjustment of Rs 1,250 crore would have taken the FY20 fiscal deficit number to 3.3%, says Piysuh| February 08, 2019, Friday -
Would have done 100 more things but for interim Budget: Piyush Goyal
Throughout the period, we have taken a series of measures for a better future for farmers, says Goyal| February 07, 2019, Thursday