Budget 2019 Live Updates

Budget 2019 Live Updates

Catch the latest updates from Budget 2019
  • It is PM Modi’s way of doing the work continuously to take development to every single person across fields: FM on Budget 2019
  • Tax proposal will benefit 3.5 crore people: Interim FM Piyush Goyal to ANI
  • GST is not a poor implementation, there is no country which dared to make such a large scale change: Interim FM to ANI
  • If the tax collection is so good, it shows that GST is a successful measure: Interim FM to ANI
  • Defence Budget pegged at Rs 3.05 lakh crore
  • We’ll get a final data when the final tax returns of the next year come. We have not disturbed the tax rates: Interim FM to ANI
  • In the next 10 years, will make sure everybody get benefit of good irrigation facilities: Goyal to ANI
  • Want to take irrigation through micro irrigation route and through organic farming which takes much less water: Goyal to ANI
  • Railways gets Rs 1.58 lakh crore in Budget, highest so far
  • Populist push in Budget before polls: Rs 5 lakh income exempt from tax, Rs 6,000 cash to small farmers


  • Govt has taken several steps to boost MSME sector: Goyal
  • Budget dole-outs to boost consumption, but fiscal math a big worry, say Economists
  • Instead of being looked at as Rs 500 per month for farmers, it has been introduced as a supplemental income: FM to ANI
  • Congress never bothered to ensure electricity to all as we did except making tall promises they did nothing: Piyush Goyal to ANI
  • Congress never bothered for healthcare of farmers like we did: Finance minister Piyush Goyal to ANI
  • Govt has no moral authority or responsibility to place the budget for 5 years when they’ll not be in power: Mamata Banerjee
  • PM Modi has given cotton candy to farmers in this budget: Karnataka CM
  • Post interim Budget, Sensex ends 212.74 pts higher at 36,469.43; Nifty rises 62.70 pts to 10,893.65
  • This govt has no moral authority or responsibility to place the budget for 5 years when they’ll not be in power; the govt will go for expiry. After expiry, if you give medicine, is there any value? What will be the value? This is absolutely valueless
    West Bengal CM Mamata Banerjee



  • I want to ask if this budget was prepared by officials of Finance dept or RSS? In this budget, Narendra Modi has given cotton candy for farmers. When I announced loan waiver scheme, PM mocked it as lollipop. Friends of BJP have prepared this budget
    Karnataka CM
  • I congratulate finance minister Piyush Goyal and his team for this excellent Budget: PM Modi
  • This is a budget for a new India and all Indians: PM
  • This budget will empower the poor, strengthen the farmers and help realize the dream of the middle class: PM Modi
  • From middle class to labourers, from farmers’ growth to the development of businessmen, from manufacturing to MSME sector, from growth of the economy to development of New India, every thing has been taken care of in this budget: PM Modi
  • As many as 40-42 crore unorganized sector workers will benefit from the pension scheme: PM Modi
  • I salute the middle class for their stellar contribution towards the development of the nation: PM
  • We hope that all these measures will help double farmers’ income: PM Modi
  • Our government has taken a series of steps to improve the lives of farmers: PM Modi
  • Prime Minister Narendra Modi: This is an Interim Budget. This is just a trailer of the budget which, after elections, will take India on the path to development. #Budget2019
  • It is good to see more people being removed from the shackles of poverty. Our Neo-middle class is rising and so are their dreams: PM
  • This budget will directly benefit as many as 12 crore farmers and 3 crore taxpayers: PM Modi
  • From Ayushman Bharat to Ujjawala scheme, the government has improved the lives of crores of people: PM Modi
  • This budget has taken care of all sections of society: PM Modi
  • PM Modi addresses media on Union Budget
  • This budget is for everyone and is a good one. Work will go on like this: Lok Sabha Speaker Sumitra Mahajan
  • Congress president Rahul Gandhi on Budget 2019
  • Honorarium to be given to workers in unorganized sector for their hard work for the development of India. Workers can join this scheme during 18-40 age group, by contributing a nominal amount: FM Goyal
  • Rs 6,000 per year for farmers with less than 2 hectares land holding; request states to give list of these holdings: FM
  • They are giving Rs 6,000 per farmer which is about Rs 17 a day for a farmer family. When you call that a great relief for the farmer, I am surprised: Chidambaram
  • My one line comment on the budget is that it is not a vote on the account but an account for votes Chidambaram
  • P Chidambaram: The finance minister tested our patience by the longest interim budget speech in the recent memory. It was not an interim budget, it was a full-fledged budget accompanied by an election campaign speech
  • FM Goyal switched between Hindi and English during his budget speech, confusing half the people. That was, in fact, the real intention of the government – to leave the people confused: Chidambaram
  • Separately, former finance minister and Congress leader Chidambaram also briefs media on Union Budget
  • It is a never seen before development, including in the northeast region, which the government has delivered, along with fiscal prudence: FM
  • The announcements made in Budget for defence sector reflects the government’s commitment and gratitude towards its armed forces: FM
  • Railways gets Rs 1.58 lakh crore in Budget, highest so far
  • People with annual income of up to Rs 5 lakh, after taking into account all the deductions, are now eligible for full tax rebate: FM
  • I am certain that we will present the full budget again in July after Modi government comes back to power: FM
  • Our government has launched several schemes for the benefit of the middle class: FM
  • We understand the pain of small farmers; therefore, we took a historic step to provide Rs 6,000 per year to these cultivators: FM
  • It’s no ordinary move to provide relief to almost 12 crore small and marginal farmers in the country: FM
  • Never in the history of our country has any government taken such radical steps for our farmers: Goyal
  • The budget takes into account interests of all sections of society: FM Goyal
  • Finance minister Piyush Goyal briefs media on Union Budget
  • 5 new measures you need to know in this Budget
  • Congress leader Shashi Tharoor: The whole (budget) exercise has turned out to be a damp squib. We’ve seen one good thing that is tax exemption for the middle class. Rs 6,000 in income support for farmers boils down to Rs 500 per month. Is that supposed to enable them to live with the honour and dignity?
  • BJP Chief Amit Shah on #Budget2019 : The budget has met the expectations of farmers, labourers & middle class. By bearing a cost of Rs 75,000 crore,the govt will implement Pradhan Mantri Kisan Samman Nidhi scheme. This scheme will also benefit those farmers who do not take loans.
  • The budget offers big relief to the middle class people in the country. Salaried individuals earning up to Rs 6.5 lakh annually can now avail full tax rebate: Shah
  • At Rs 3 lakh crore, the government has set aside the maximum amount for armed forces since Independence: Amit Shah
  • Amit Shah hails pension scheme for unorganized sector workers
  • Budget fulfills people’s aspirations Amit Shah
  • Farmer-friendly measures announced in this year’s budget will greatly help small and marginal cultivators: BJP chief Amit Shah
  • It’s a historic budget, and all the sections of the society will benefit from it: Rajnath Singh
  • The money being doled out by government is for elections. I say directly that they are paying bribe to voters, alleges Congress leader Kharge
  • Today’s budget has again proved that the Modi government is a government dedicated to the dreams and aspirations of the poor, the farmers and the youth of the country: Amit Shah
  • Arun Jaitley on Union Budget 2019

    The Interim Budget presented by Piyush Goyal today marks a high point in the policy directions that the government headed by Prime Minister Narendra Modi has given to this nation. Interim Budgets are also an opportunity for the government of the day to introspect their performance of the last five years and place its facts before the people. My compliments to Piyush Goyal for delivering an excellent Budget. The Budget furthers the agenda of the government headed by PM Modi to comprehensively address the challenges of the economy. The Budget expands spending while pragmatically sticking to fiscal prudence. The Budget is unquestionably Pro-Growth, Fiscally prudent, Pro-farmer, pro-poor and strengthens the purchasing power of the Indian middle class. Between 2014-19, every Budget has given significant relief to the middle class.

  • It was not a vote on account. It was an account for votes: Former finance minister P Chidambaram
  • Markets give huge cheer to Union Budget: Sensex zooms 383 points, Nifty above 10,900
  • Piyush Goyal concludes his speech. Lok Sabha adjourned till February 4
  • Development became a Jan Andolan (people’s movement) under the present government, says FM amid a rousing applause
  • Income tax relief on Notional Rent from unsold houses extended to 2 years: FM
  • This is not just an Interim Budget, this is a vehicle for the developmental transformation of the nation: FM
  • Benefits under Sec 80(i)BA being extended for one more year, for all housing projects approved till end of 2019-2020: FM
  • Benefit of rollover of capital tax gains to be increased from investment in one residential house to that in two residential houses, for a taxpayer having capital gains up to Rs 2 crore; can be exercised once in a lifetime: FM
  • TDS threshold on rental income raised from Rs 1,80,000 to Rs 2,40,000: Goyal
  • Individuals with gross income up to Rs 6.5 lakh will not need to pay any tax if they make investments in provident funds and prescribed equities: FM
  • Standard deduction has been increased to Rs 50,000 from Rs 40,000: Goyal
  • Propose to the following tax reforms: Individual taxpayers with annual income of up to Rs 5 lakh will get full tax rebate: Goyal
  • Proposals for small taxpayers should not wait: Goyal
  • Would like to thank taxpayers for their contribution towards nation-building, says Goyal
  • Rs 56,619 crore made in budget estimate 2018-19 for welfare of SCs and STs, increased to Rs 62,474 crore in revised estimate 2018-19 has been further increased to Rs 76,800 crore in budget estimate 2019-20: FM
  • Capital expenditure – Rs 3.36,292 lakh crore, says FM Goyal
  • Goyal announces fiscal deficit as a proportion of GDP – 3.4% for the coming year
  • Finally, the tenth dimension is Minimum Government Maximum Governance – a proactive, responsible and friendly bureaucracy: FM Goyal
  • We also aim to create a healthy India, with distress-free and comprehensive wellness system for all: Goyal
  • Self-sufficiency in food and improving agricultural productivity with emphasis on organic food forms the eighth dimension of our vision: FM
  • Our seventh dimension is the aim to become launchpad of the world, placing an Indian astronaut in space by 2022: FM
  • Oceans and coastlines is the sixth dimension of our vision for 2030: FM Goyal
  • Our fifth dimension is Clean Rivers – with safe drinking water to all Indians, sustaining and nourishing life, using micro-irrigation techniques; long coastline can be pivotal for the economy, using strength of blue economy and sagar mala: FM
  • We also aim to expand rural industrialization using modern industrial technologies, based on Make In India approach: FM
  • Our third dimension is Clean and Green India – an India that drives electric vehicles, with renewables becoming major source of energy: FM
  • We aim to build a Digital India that reaches every citizen by creating innumerable startups and jobs: FM
  • Govt aims to build next-gen infrastructure – physical as well as social – for a $10 trillion economy and to provide Ease of Living: FM
  • Meanwhile, sensex has rallied over 100 points in intraday trading
  • Goyal underlines 10 most important dimensions that will guide the government in Vision 2030
  • We are poised to become a $5 trillion economy in the next five years and aspire to become a $10 trillion economy in the next eight years, says Goyal
  • We have laid the foundation for India’s growth and development for years to come: FM
  • Due to note ban, over 1 crore people have filed tax returns: FM
  • Anti-black money measures taken by us in the last year have uncovered undisclosed income of Rs 1.3 lakh crore: FM
  • Our government is committed to eliminating the ills of black money: FM
  • Goyal speaks on demonetisation and drive against black money
  • Average monthly tax collection in current year under GST is Rs 97,000 crore per month: Goyal
  • January GST collection could breach the Rs 1 lakh crore mark, says Goyal
  • GST council will take steps to reduce tax burden on home-buyers: FM
  • In a relief for common man, most daily-use items are now under 0-5% tax slab under GST: Goyal
  • A bevy of taxes was brought under a single regime, says Goyal
  • Our government implemented the GST, which is undoubtedly the biggest taxation reform since Independence: FM
  • Reducing tax burden on middle class has always been our priority: Goyal
  • We have taken steps towards transforming the income tax department to process returns as quickly as possible: Goyal
  • 99.54 percent of all I-T returns last year were accepted immediately without scrutiny: Goyal
  • Tax collections have increased significantly. The number of returns filed have also risen: FM
  • We have reduced tax rates for the common man and middle class: FM
  • Cost of data and voice calls in India is now possibly the lowest in the world; mobile and mobile part manufacturing companies have increased from 2 to 268: Piyush Goyal
  • Our commitment to promote renewable energy is reflected in our initiative to set up International Solar Alliance; installed solar generation capacity has increased 10 times in last five years; lakhs of new jobs being created by the sector: FM
  • Vande Bharat Express will provide speed, service and safety to citizens and will give a boost to Make in India: Goyal
  • India provided leadership to the global climate change effort: Goyal
  • No unmanned level crossings in India anymore. Railways has witnessed safest year: FM
  • Today, India is the fastest highway developer in the whole world with 27km of highways built each day: Goyal
  • Already disbursed Rs 35,000 crore for our soldiers under OROP, substantial hike in military service pay has been announced: Goyal
  • Defence budget enhanced beyond Rs 3 lakh crore, says Goyal
  • OROP (one rank, one pension) scheme was pending for 40 years, but it was our government that implemented it: FM
  • Goyal speaks about defence and national security
  • Gratuity limit increased from Rs 10 lakh to Rs 30 lakh: FM
  • 75% of woman beneficiaries under PM MudraYojana, 26 weeks of maternity leave and Pradhan Mantri Matritva Yojana, are all empowering women: FM
  • Job seekers have now turned job creators. India has become the second largest hub of startups: FM
  • We have harnessed youth power with self-employment schemes such as Startup India: FM
  • Ujjawala is a remarkable success story of our government. We aim to cover the target of all 8 crore households this year: FM
  • Our government delivered 6 crore free LPG connections under Ujjawala scheme: FM
  • Our government will set up a welfare development board to help implement development programmes for nomadic and semi-nomadic communities: FM
  • The scheme, called Pradhan Mantri Shram Yogi Mandhan, will provide assured monthly pension of Rs 3,000 with contribution of Rs 100 per month for workers in unorganized sector after 60 years of age: FM
  • Beneficiaries will be provided assured pension of Rs 3,000 per month: FM
  • Our government proposes to launch a mega pension yojna: FM Goyal
  • High growth and formalization of economy have resulted in increased EPFO membership by 2 crore in last two years: FM Goyal
  • We have increased tax-free gratuity from Rs 10 lakh to Rs 20 lakh: Goyal
  • In place of rescheduling of crop loans, all farmers severely affected by severe natural calamities will get 2% interest subvention and additional 3% interest subvention upon timely repayment: Goyal
  • 2% interest subvention to farmers pursuing animal husbandry and fisheries: FM
  • We have increased allocation for Rashtriya Gokul Mission to 750 crore in current year: FM
  • Our government has decided to create a separate department for fisheries: Goyal
  • The initiative will benefit crores of small and marginal farmers, at an estimated cost of Rs. 75,000 crore. It will enable farmers to earn a respectable living: FM
  • The amount will be borne directly by the government, says Goyal
  • The amount will be transferred in three installments of Rs 2,000 directly to the farmers. Around 12 crore farmers will directly benefit from this scheme: Goyal
  • Will provide Rs 6,000 per annum to farmers holding land of up to 2 hectares: Goyal
  • NDA increased MSP to fulfil its aim of doubling farm income: FM
  • India attracted a massive amount of FDI in the past five years, FM says
  • We have set the stage for decades of high growth with path-breaking structural reforms such as the GST: Goyal
  • India attracted $239 billion FDI in the past five years: Goyal
  • Close to 3 lakh crore already recovered in favour of banks and creditors, big defaulters too not spared by our government: FM
  • RERA has helped bring transparency in the real estate sector: FM
  • Confident that given the pace of reforms in banking sector, other banks too will recover: FM
  • I thank the people of India for their active contribution to the Swacch Bharat Abhiyan: FM
  • More than 98% rural sanitation coverage has been achieved; more than 5.45 lakh villages declared ODF: mindset change achieved, becoming a Jan Andolan: FM
  • Our government earmarked Rs 1.7 lakh crore in 2018-19 to ensure food for all: FM
  • Efforts taken to bring full representation for economically weak backward classes, by giving them reservation in jobs and education: FM
  • Piyush Goyal is recounting steps taken by the government in the past year for economic development
  • From empty promises in the past, targeted expenditure has been undertaken to improve quality of life in villages; we aim to bring development, preserving the soul of villages: Goyal
  • Pace of construction of rural roads has been tripled under our tenure, Goyal says
  • We provided free electricity to almost every house through Saubhagya scheme: FM Goyal
  • Goyal now speaks about healthcare reforms
  • PM Modi launched the world’s largest healthcare programme – Ayushman Bharat – to provide medical treatment to nearly 50 crore people, says Goyal amid rousing applause
  • Lakhs of poor people have benefited from the reduced cost of medicine: Goyal
  • 21 AIIMS are currently operating in the country, 14 of which have been announced since 2014, says Goyal
  • The 22nd AIIMS will be set up in Haryana soon, says FM
  • Goyal speaks about government’s initiatives for the farmers
  • Fiscal deficit has been brought down to 3.4% in the revised estimate of 2018-19: FM
  • Inflation in December 2018 was just 2.1%: FM
  • Humari sarkar ne kamar tod mehengayi ki kamar tod di, says FM Goyal
  • Under Pradhan Mantri Kisan Samman Nidhi, 6000 rupees per year for each farmer in three installments to be transferred directly to farmer’s bank account, for farmers with less than 2 hectares land holding
  • Mega Pension Yojana, namely Pradhan Mantri Shram Yogi Mandhan, to provide assured monthly pension of 3000 rupees per month, with the contribution of 100 rupees per month, for workers in unorganized sector after 60 years of age.
  • “(This) will benefit 10 crore workers in the unorganized sector, may become the world’s biggest pension scheme for the unorganized sector in five years,” Goyal said.
  • This initiative is likely to benefit 12 crore small and marginal farmers, at an estimated cost of Rs 75,000 crore.
  • “We controlled double-digit inflation. Inflation is a hidden and unfair tax; from 10.1% during 2009-14, inflation in December 2018 was just 2.1%. We have broken the back of back-breaking inflation,” Goyal said.
  • Committee under NITI Aayog to be set up to identify and denotify nomadic and semi-nomadic communities; Welfare Development Board to be set up under Ministry of Social Justice and Empowerment for the welfare of these hard-to-reach communities and for tailored strategic interventions.
  • Two per cent interest subvention to farmers pursuing animal husbandry and fisheries.

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