Finance Minister presents the General Budget for 2019

5 Jul 2019

Finance Minister presents the General Budget for 2019

Finance Minister presents the General Budget for 2019Finance Minister Nirmala Sitharaman presented the first General Budget for the year 2019. The central government has conducted various interactions with experts before presenting the budget.

The major highlight of the budget speech was the confidence showcased by Minister Sitharaman that India will become a five-trillion-dollar economy in the next few years.
 	Focus on infrastructure development, farmers welfare and water security are some of the other key features of the first budget of Modi Government’s second term.
 	The budget was formulated based on the strategy of Reform, Perform and Transform with a focus on ten major topics.

Ten point vision proposed under the budget

Minimum Government, Maximum Governance.
 	Pollution-free India.
 	Making Digital India reach every sector of the economy.
 	Launching Gaganyaan, Chandrayan, other Space and Satellite programmes.
 	Building physical and social infrastructure.
 	Water, water management, clean rivers.
 	Blue Economy- sustainable use of oceans.
 	Food security and self-sufficiency in food production
 	Well-nourished women & children, the safety of citizens.
 	Emphasis on MSMEs (Micro, Small & Medium Enterprises) and Start-ups under 'Make in India'.

Overview and emphasis:

Ensuring complete physical connectivity across the country through Pradhan Mantri Gram Sadak Yojana, Jal Marg Vikas and UDAN Schemes. 
 	Two crore houses are proposed to be provided in the next three years under the Pradhan Mantri Awas Yojana.
 	Large investment in agricultural infrastructure to improve farmers lives and agricultural productivity.
 	Piped water supply to all rural households (Har Ghar Jal) in the next five years under the Jal Jeevan Mission.
 	Eight crore free LPG connections are to be given under Ujjwala Yojana.

Curious Times would share more information on how this budget would impact individuals and personal taxation, their consumption of goods and services and small scale businesses. Watch this space for more.

Image credits: Twitter@PIB_India

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Finance Minister Nirmala Sitharaman presented the first General Budget for the year 2019. The central government has conducted various interactions with experts before presenting the […]

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