BUDGET 2019 LIVE STEARM
Union minister Piyush Goyal is reading out the contents of the Budget 2019 in parliament. This is the last Interim Budget of the NDA government led by Prime Minister Narendra Modi before the Lok Sabha elections due by May. With the Lok Sabha election just months away, the government kept the budget focussed on immediate relief such as easing income tax rules, favourable loan terms for small businesses, farm loan waiver and even direct cash transfers to farmers who are under debt. The government said it will send Rs. 6,000 to small farmers directly into their bank accounts in a scheme that will be funded 100 per cent by the centre. The programme will cost Rs. 75,000 crore. Piyush Goyal's turn to reveal the contents of the Union Budget briefcase in the crucial national election year came after Finance Minister Arun Jaitley had to go on leave and fly to the US for treatment. Yesterday, the government said its estimate of Gross Domestic Product (GDP) growth for fiscal 2018 was 7.2 per cent, significantly higher than 6.7 per cent earlier. The Railway Budget for 2019 will also be presented today.
LIVE Updates
- After the announcement of tax exemption, Modi and Modi are in the Lok Sabha.
- There is no tax on annual income up to Rs 5 lakhs.
- Several schemes were announced in the budget but the middle class was not given any relief during the election year. The finance minister has not made any changes in the tax slab.
- Piyush Goyal said that the country will become a $ 30 trillion economy in the next five years and in next 8 years our economy will be worth $ 10 trillion.
- Piyush Goyal, who is presenting 10-year vision, said that every sector will be a big change.
- 1 crore people file tax for the first time after the ban: Piyush Goyal
- Our government will take the black money out of the country, will get a tax of Rs 1.36 lakh crore from the ban on pocket: Piyush Goyal
- The middle class hopes to turn around. There was no new exemption on income tax in the election year, the government did not make any changes to the income tax slab.
- 80,000 crores relief to consumers due to a continuous downturn in GST, only 0-5% tax on most items used daily: Piyush Goyal
- Try to reduce GST burden on home buyers, Group of Ministers will think: Piyush Goyal
- Rs 7.23 lakh crore loan was given to 15.56 crore beneficiaries under Prime Minister's scheme: Piyush Goyal
- For taxpayers, we made tax filing easy, tax collection increased to 12 lakh crore. I thank the Honorable Texpayer: Piyush Goyal
- 34 crores JNPT accounts opened, VHPs were removed from base: Piyush Goyal
- 'DBT' Scheme: Government's game changer, Wachtia's rule ends: Piyush Goyal
- In the next 5 years, we will create one lakh digital village: Piyush Goyal
- Mobile data costs have increased 50x over the last 5 years, mobile data is the cheapest in India: Piyush Goyal
- Kisan credit card will be made available to all farmers: Piyush Goyal
- Piyush Goyal passes all unmanned crossing on rail, safe, broad gauge
- Highway construction is the fastest, 27 kilometer highway every day in India: Piyush Goyal
- Piyush Goyal has increased the defense budget by more than Rs 3 lakh crore:
- National work plan for cows allowed Small farmers will be given 500 rupees.
- The target for allocation of 8 crore gas connection under the Ujjwala scheme, and 6 crore households has been given to the company. Connection: Piyush Goyal
- The government will give a guaranteed pension to the low-income worker, the government will give a pension of Rs. 100 per month on payment of Rs. 3000 per month after the age of 60 years.
- The announcement of PM Labor Welfare Scheme, 10 crore workers earning up to 15 thousand rupees will benefit from the scheme: Piyush Goyal
- After the death of the workers, it will get Rs 6 lakh instead of 2.5 lakhs: Piyush Goyal
- ratuity limit was increased from Rs 10 lakh to Rs 20 lakhs: Piyush Goyal
- Increase the bonus of the workers to 7 thousand rupees, payers up to 21 thousand rupees will get bonus: Piyush Goyal
- 2% interest will be allowed on animal husbandry and fisheries: Piyush Goyal
- Announcement of PM Agriculture Scheme Assistance Scheme Farmers with 2 hectares of land will be given Rs 6000 per year: Piyush Goyal
- The banking sector has been revised. From 2008 to 2014, NPAs of government banks increased greatly: Piyush Goyal
- Our government has reduced the inflation. We brought the inflation rate up to 4.6 percent. The lowest rate compared to the tenure of any other government. In December 2018, the inflation rate was only 2.19 percent: Piyush Goyal
- Our government has run a corruption-free government: Piyush Goyal
- Target to double the income of farmers by 2022: Piyush Goyal
- States are getting more money than before and 10 percent more rupees have already been given. We reduced the government's deficit from 6% to 2.5: Piyush Goyal
- Finance Minister Piyush Goyal is presenting the budget. He wished Arun Jaitley's health very quickly.
- Finance Minister Piyush Goyal started reading the budget speech.
- In a little while, Finance Minister Piyush Goyal will present the budget.
- The Union Agriculture Minister's claim will be devoted to the farmers, the budget.
- Starting the central cabinet seat.
- Finance Minister Piyush Goyal reached the Parliament with a budget briefcase. Piyush Goyal will present the budget at 11 o'clock.
- The President gave the formal approval of the budget. Finance Minister Piyush Goyal left for Rashtrapati Bhavan and left for Parliament House.
- Finance Minister Piyush Goyal took a budget suitcase to go to meet the President. At 9.55 am, Parliament will reach Bhawan.
- Budget document between the tight security bandwidth reached the Parliament premises. Finance Minister Piyush Goyal left for Rashtrapati Bhavan.
Union Budget 2019: Defence Budget
"For the first time, the defence Budget has been raised to over Rs. 3 lakh crore," Piyush Goyal said. "Our soldiers who protect our borders are the pride and honour of the nation. In our election manifesto we promised one rank, one pension. We have resolved this and disbursed over Rs. 35,000 crore in the last few years for our jawans."
Union Budget 2019: Free Gas Connection For The Poor
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"To ensure cleaner fuel and health assurance, we embarked on PM Ujjwala Yojana, a programme to give eight crore free LPG connections to rural households, six crore connections given already," Piyish Goyal said.
Union Budget 2019: Employment
"EPFO shows two crore accounts in two years. This shows formalisation of the economy. When there is such a high growth, jobs are created," Piyush Goyal said. Gratuity limit has been increased from Rs. 10 lakh to Rs. 30 lakh. Pension scheme for unorganised sector workers with monthly income up to Rs. 15,000 will be given. Assured monthly pension of Rs. 3,000 after they retire on reaching 60," he said.
Union Budget 2019: Programme For Cow Protection
Radhtriya Kamdhenu Aayog to be set up for cows. "The government will never step back from protection of the gau mata," Piyush Goyal said. A 2 per cent interest subvention for animal husbandry, fisheries and farmers have been announced.
Union Budget 2019: Rs. 6,000 For Small Farmers Directly Into Their Accounts
"The government has made a historic plan called the PM Kishan programme. Those small farmers who have less than two hectares will get a support of Rs. 6,000," Piyush Goyal. "It will be transferred directly to the bank accounts of farmers in three instalments of Rs. 2,000."
11:22 (IST)
"In 2014, 2.5 crore families were without electricity, living in the 18th century. We have brought electricity to all villages," Piyush Goyal said. "We have also brought the world's largest medical insurance programme, Ayushman Bharat. So far 10 lakh people have got help."
Union Budget 2019: Piyush Goyal On RBI
"We told RBI to evaluate all banks and out their actual state in front of the nation. Because of our efforts, restrictions have been lifted on three banks. We ran a corruption-free government," Piyush Goyal said
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