New Delhi, July 5 : Finance Minister Nirmala Sitharaman presented the first Union Budget of the second term of the Modi government. The FM has done away with the traditional brown budget briefcase, going in for the colour red and with the national emblem emblazoned on top.
Budget 2019 live updates
More than 120 crore Indians now have Aadhar card, therefore for ease of tax payers I propose to make PAN card and Aadhar card interchangeable and allow those who don’t have PAN to file returns by simply quoting Aadhar number and use it wherever they require to use PAN
Under PMAY (Urban), over 81 Lakh houses with investment of about Rs 4.83 Lakh Cr have been sanctioned of which construction has started in about 47 Lakh houses. Over 26 Lakh houses have been completed of which nearly 24 Lakh houses have been delivered, to beneficiaries.
I propose to consider issuing Aadhaar Card for Non Resident Indians (NRIs) with Indian passports after their arrival in India without waiting for the mandatory 180 days
Non-performing asset(NPAs) recovery of Rs 4 lakh crore over the last four years, NPAs down by Rs 1 lakh crore in the last one year
Exclusive TV programme for start-ups proposed: FM
This new Ministry will look at the mgmt of our water resources & water supply in an integrated & holistic manner and will work with states to ensure ‘Har Ghar Jal’, to all rural households by 2024 under ‘Jal Jeevan Mission’.
We’ll invest widely in agricultural infrastructure. We’ll support pvt entrepreneurship in driving value addition to farmers produce & those from allied activities too, like bamboo, timber & also for generating renewable energy. Ann daata ko kyun oorja daata bana nahi sakte?
To provide Non-resident Indians (NRIs) seamless access to Indian equities, NRI portfolio investment route to be merged with foreign portfolio investment rout
9.6 crore toilets have been constructed since Oct 2, 2014. More than 5.6 lakh villages have become open defecation free.We have to build on this success. I propose to expand the Swachh Bharat mission to undertake sustainable sold waste management in every village
India has emerged as a major space power. It is time to harness our ability commercially. To harness India’s space ability commercially, a public sector enterprise, New Space India Limited (NSIL) has been incorporated to tap benefits of ISRO
Ensuring India’s water security & providing access to safe drinking water to all Indians is a priority. A major step in this direction has been the constitution of Jal Shakti Ministry.
Annual Global Investors’ Meet to be organized in India, using National Investment and Infrastructure Fund(NIIF) as the anchor to get key sets of global players to come and invest in India
Finance Minister Nirmala Sitharaman: Happy and satisfied to report that India will be made Open Defecation Free on October 2nd, 2019, as per the dream of PM Modi
With the changing economic scenario it’s important to upgrade roads connecting villages to rural markets. For this Pradhan Mantri Gram Sadak Yojana phase 3 is envisaged to upgrade 1,25,000 km of road length over the next 5 years
User friendliness of trading platforms for corporate bonds will be reviewed, including issues arising out of capping of International Securities Identification Number
The govt intends to open another 4 embassies, new ones, in the year 2019-20. This will not increase the footprint of India’s overseas presence but also enable us to provide better & more accessible public services especially to the local Indian communities in these countries.
Finance Minister Nirmala Sitharaman: Railway infrastructure would need an investment of Rs 50 lakh crores between 2018 and 2030. PPP to be used to unleash faster development and the delivery of passenger freight services.
Launched UDAY in’15 for financial&op turnaround of DISCOMs. We’re examining performance&it’ll be improved.We’ll work with state govts to remove barriers, cross subsidy,surcharges,undesirable duties on open access sales,or captive generation for industrial&bulk power consumers
We don’t look down upon legitimate profit earning. Gone are the days of policy paralysis & license quota control regime. India Inc are India’s job creators, nation’s wealth creators. Together with mutual trust we can gain, catalyse past & attain sustained growth
Schemes such as ‘Bharatmala’, ‘Sagarmala’ and UDAN are bridging the rural and urban divide, improving our transport infrastructur
Chanakya Neeti sutra says ‘Kaarya purusha kare na lakshyam sampa dayate’. Meaning with determined human efforts the task will surely be completed.
The Indian economy will grow to become a $3 trillion economy in the current year itself. It is now the sixth largest in the world. 5 years ago it was at the 11th position.
: An Urdu couplet ‘Yakeen ho to koi raasta niklata hai, hawa ki ot(protection) bhi le kar charagh jalta hai’
Finance Minister Nirmala Sitharaman at Lok Sabha: The first term of PM Narendra Modi led NDA govt stood out as a performing govt. Between 2014-2019 he provided a rejuvenated centre-state dynamics, cooperative federalism, GST council and strident commitment to fiscal discipline.
FM Nirmala Sitharaman: The recent election was charged with brimming home and desire for a bright and stable ‘New India’. Voter turnout was highest; every section came to stamp their approval for performing Government
Posing with her team, including MoS Anurag Thakur, for shutterbugs outside finance ministry, Sitharaman will now head to Parliament where she have to walk a tightrope walk balancing the needs of the economy and fiscal constraints in her maiden Budget to be presented today, June 5.
Chief Economic Advisor Krishnamurthy Subramanian on FM Nirmala Sitharaman keeping budget documents in four fold red cloth instead of a briefcase: It is in Indian tradition. It symbolizes our departure from slavery of Western thought. It is not a budget but a ‘bahi khata'(ledger)