The government has relaxed foreign investments norms in several sectors, including single-brand retail, defence, airlines and food processing
Finance Minister Piyush Goyal said the scheme would directly benefit 120 million farmer families
For the scheme named PM Shram Yogi Mandhan, govt will allocate Rs 500 crore
He further said the government has worked to bridge the urban-rural divide
Presenting the Interim Budget for 2019-20 in the Lok Sabha, Goyal said India has been recognised as the brightest spot in the world in last 5 years
Presenting the Budget for 2019-20 in the Lok Sabha, Goyal also said that current account deficit is likely to be 2.5 per cent of GDP this year.
The Interim Budget, also known as a vote on account, will seek the Parliament's nod for meeting the expenditure for the first six months of new fiscal-2019-20
The budgeted fiscal deficit target for 2018-19 (FY19) was 3.3 per cent of GDP
The Finance Minister shook hands with President Kovind and held a brief meeting with him at Rashtrapati Bhavan
Interim Budget 2019, to be presented by Piyush Goyal, will be the Modi govt's 6th Budget. Prior to this, all of the government's 5 Budgets were presented by Arun Jaitley's as finance minister
The government is set to step up rural welfare in Interim budget 2019 spending by 16% for the fiscal year beginning April to Rs 1.3 trillion ($18.25 billion), two government sources said
Goyal, who stepped in as interim finance minister after Arun Jaitley had to fly to New York for medical treatment, is widely expected to raise income tax exemption thresholds
The meeting was scheduled for February 9, but the finance ministry is said to have cancelled it
Fifty-six months on, here is the government's record in implementing schemes and projects: of Budget 2014
The President pointedly announced that the Indian Air Force would soon get the Rafale fighter jets
The Interim Budget will be presented by Finance Minister Piyush Goyal in the Lok Sabha on February 1. This is the last Budget of the Narendra Modi-led National Democratic Alliance (NDA) government. Much has been said and talked about with respect to the same in the past few weeks. Anticipation is high on the matter of tax slab change, and experts are expecting a surprise announcement from Piyush Goyal.
The interim budget 2019 is likely to be followed by a full one in July. The main focus of the budget will be on the rural sector and the urban middle-class
The Interim Budget will be presented by Finance Minister Piyush Goyal in the Lok Sabha on February 1. This is the last Budget of the Narendra Modi-led National Democratic Alliance (NDA) government. Much has been said and talked about with respect to the same in the past few weeks. Anticipation is high on the matter of tax slab change, and experts are expecting a surprise announcement from Piyush Goyal.
Finance Minister Piyush Goyal will present interim Budget on February 1, the finance ministry has clarified. There were speculations over the nature of the Budget following a workshop by Press Information Bureau (PIB) on Tuesday, where it was reportedly mentioned that it will be titled General Budget, 2019-20.
In the past 20 Budget sessions, the market has ended with gains only on eight occasions