Highlights of Union Budget 2019-20 – Trade Sector

Jal Marg Vikas Project

New Delhi, July 5 (IANS) Union Finance Minister Nirmala Sitharaman in her
maiden Budget speech on Friday announced sops for various sectors.

The key highlights in the trade sector are as follows:

  • Navigational capacity of Ganga to be enhanced via multi modal terminals at Sahibganj and Haldia and a navigational lock at Farakka by 2019-20, under the Jal Marg Vikas Project.
  • Four times increase in next four years estimated in the cargo volume on Ganga, leading to cheaper freight and passenger movement and reducing the import bill.
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