THE INTERIM BUDGET 2019 LOWDOWNS AND HIGHUPS

05-02-2019

As the 01stFebruary, 2019 dawned; the country woke up with a new sense of vigor and excitement. Why? Because it was the time for the current Government to showcase their last budgetary session. And Budget is always a hot topic for everyone. 2019 Interim Budget Highlights were oriented towards empowering the underprivileged, and the Centre was able to do so in terms of giving them new facilities and bonuses.

 

The Finance Minister Piyush Goyal gave a comprehensive overview of what the Government has done for the people for the last 5 years. And all this was quite satisfying in terms of figures. Then, he listed out some of the schemes which were a bit surprising since this was just an Interim Budget session.

 

Pranab Mukherjee concluded the budget speech in a better way. “Our people will soon be called upon to exercise their democratic right to choose the next government. I have no doubt that when the time comes, our people will recognize the hand that made it all possible. The hand that alone can help our nation on the road to peace and prosperity.” He ended in a very impressive way.

Owing to GST being a common tax reform that revolutionized the country, share markets have taken it as a positive sign of the things to come.

 

 The 2019 Interim Budget Highlights also includes pension scheme for workers who specifically come from the organized sector. Farmers would be provided additional interest rates on crop damages due to natural calamities. The biggest concern included the increase in the MSP which has been increased by 1.5 times for close to 22 crop varieties. The 2019 Interim Budget is just a sign of things to come and the Government has definitely made a power-play before the actual budget comes along.

latest blog