With the February 1st, 2019 interim budget being the sixth consecutive and last budget of Prime Minister Narendra Modi led NDA, before the Lok Sabha polls 2019 that is set to sail anytime from May 2019, this budget is crucial for the incumbent. However, as per rules, no new direct tax sops or even government schemes can be voted on during an Interim Budget.
Though Finance Minister Arun Jaitley could pitch in his government’s intentions for various schemes and tax benefits if NDA is voted back to power, nothing significant can be brought into effect unless they really are, as the Interim Budget 2019 will be for seeking parliament’s approval on government’s expenditure for the next 3-4 months only.
The new government, whether it’ll be BJP led National Democratic Alliance (NDA) or a united opposition from Congress-led United Progressive Alliance (UPA), will present a full Budget for the year 2019-20 once it comes to power and assumes office at the Raisina Hill in the heart of New Delhi.