Budget 2019 LIVE: Petrol, Diesel, Gold Get Costlier; No Income Tax Cheer For Middle Class, FM Nirmala Sitharaman Announces Tax Benefits On Loans
Background
Budget 2019 Live Updates: Newly appointed Finance Minister Nirmala Sitharaman presented the first budget of the new government on Friday, outlining the priorities of Prime Minister Narendra Modi in his second term after a massive election victory. This is the 89th Union budget, which is the financial statement of the government, detailing its revenue and expenditure in the past, as well as estimated spending and projections for the coming year.
It is also be the maiden budget for Sitharaman, who became the second woman finance minister after Indira Gandhi and first first full-time woman finance minister in the history of independent India, who will today present the full-year budget for the year ending March 2020.
In the much-anticipated Union Budget, Sitharaman laid down the Modi 2.0 government's road map for the economy and the nation in the next five years.
The Budget speech began at 11:00 am today and the finance minister addressed to the speaker of Lok Sabha.
The Finance Minister on Thursday tabled in Parliament the pre-Budget Economic Survey for 2018-19, which projected the state of the economy and outlined its challenges. The survey was released by Chief Economic Adviser Krishnamurthy Subramanian yesterday.
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