The Narendra Modi ‘government’s first Budget in its second season and Finance Minister Nirmala Sitharaman presents it on July 5, 2019. The Budget is believed to unveil the economic path the regime wants to take — whether to go for bold reforms (which the economy badly needs) or stick with the status quo and persist with incrementalism. The path taken will influence everybody, from big business and the MSME sector to the farm sector, notably the last.
- BI Chairman Rajnish Kumar to CNBC-TV18: Marginal liquidity measures from RBI will help NBFCs. RBI’s move will help private banks with high CD ratio. RBI has announced additional liquidity to banks for purchase of assets from lending to NBFCs.
- Surjewala scrutinized the Sitharaman’s Budget saying, “Not a word on Unemployment, not a word on new opportunities, not a word on public education and not a word on the high fee structure.”
- Congress communications in-charge Randeep Surjewala called Budget 2019 a “‘Betrayal’ of India’s Youth!”
- Amit Shah on Union Budget 2019
HM Amit Shah: Finance Minister Nirmala Sitharaman ji presents a #BudgetForNewIndia which lays foundation of inclusive&progressive nation, whose rise is powered by hard work of 130 cr Indians. Budget gives wings to India’s farmers,youth,women and poor to fulfil dreams (file pic) pic.twitter.com/4pmCqYkME1
— ANI (@ANI) July 5, 2019
- Today Finance Minister Nirmala Sitharam Presented her first Union budget. She dug deep into government coffers to lay down a grand socio-economic plan that assured, among others, piped water to every household by the year 2024.
Next, she fastly mover to fiscal consolidation, and made sure to keep clear to everyone that The fiscal deficit target should be up to 3.3 percent of GDP, from an already upwardly revised 3.4 percent pegged in the Interim Budget earlier.
Prime Minister Narendra Modi on Union Budget 2019
This Budget is aimed as such that it would result in making the industries and industrialists stronger, ensure women empowerment, strengthen education, and take initiatives like space and related research to the common man. This Budget is a Green Budget in which environment (electric mobility) the solar sector has been at the lead. The country has left distress behind and is now progressing. This Budget is one of hope, faith, and desire (‘Aasha, Vishwas and Akansha’) and will prove an essential link in the making of a ‘New India.’
The #BudgetForNewIndia is one of hope and it is a budget that will boost India’s development in the 21st century: PM @narendramodi
— PMO India (@PMOIndia) July 5, 2019