Finance Minister Nirmala Sitharama presents the first Union Budget 2019 of PM Narendra Modi government, here on Friday. This is the first time that Nirmala Sitharama being a Finance Minister will be presenting the Union Budget 2019. Also, Budget 2019 is the first Union Budget of Modi 2.0 after being re-elected and winning Lok Sabha Elections 2019 with a strong mandate. After winning, Nirmala Sitharaman was given the Ministry of Finance as Arun Jaitley stepped back due to his health conditions.
Budget 2019 Highlights:
Finance Minister Nirmala Sitharaman: The fiscal deficit this year is 3.3%, brought down from 3.4% pic.twitter.com/hrN6Q4bXRc
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: At present startups are not required to justify fair market value of their shares issued to certain investors including category 1 alternative investment funds. I propose to extend this benefit to category 2 alternative investment funds also. https://t.co/RGmrRJKid0
— ANI (@ANI) July 5, 2019
FM Nirmala Sitharaman: I propose to increase special additional excise duty and road and infrastructure cess each one by 1 rupee a litre on petrol and diesel pic.twitter.com/y9DoC5IGIX
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: All companies having annual turnover of 400 crores, will now be under the bracket of 25%. This will cover 99.3% of all the companies https://t.co/WS110UceKE
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: To resolve the so-called Angel Tax issue, the startups & their investors who file requisite declarations&provide information in their returns will not be subjected to any kind of scrutiny in respect of valuations of share premiums. #Budget2019 pic.twitter.com/ACVMjjweVA
— ANI (@ANI) July 5, 2019
FM Sitharaman: As I stated earlier, we have taken a slew of measures to ease burden on small and medium earners. Those having annual income up to Rs 5 lakhs are not required to pay any income tax. We are thankful to tax payers who play an important role in nation building https://t.co/WS110TUDm4
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: To discourage the practice of making business payments in cash I propose to levy TDS of 2% on cash withdrawal exceeding Rs 1 crore in a year from a bank account pic.twitter.com/Lim0d8cZDK
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: Strategic disinvestment of select Central Public Sector Enterprises will continue to be a priority; strategic disinvestment of Air India will re-initiate; Rs 1 lakh 5 thousand crore is disinvestment target for 2019-20. #Budget2019 pic.twitter.com/Dtnst7gu4Y
— ANI (@ANI) July 5, 2019
FM: 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 pic.twitter.com/oCarxQTzyQ
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: A new series of coins of Re 1, Rs 2, Rs 5, Rs 10, Rs 20 easily identifiable to the visually impaired were released by the PM on 7th March 2019. These coins will be made available for public use shortly. #Budget2019 pic.twitter.com/XpwPp4ysMh
— ANI (@ANI) July 5, 2019
FM: Government has already moved GST council to lower the GST rate on electric vehicles(EV) from 12% to 5%. Also to make EVs affordable for consumers our Govt will provide additional income tax deduction of 1.5 lakh rupees on the interest paid on the loans taken to purchase EVs pic.twitter.com/ofU38N19ly
— ANI (@ANI) July 5, 2019
FM:Govt has been following policy of disinvestment in non-financial public sector undertakings, maintaining govt's stake not to go below 51%.Govt is considering,in case where undertaking is still to be retained in govt control,to go below 51% to an apt level on case to case basis pic.twitter.com/CTzPlcr7S1
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: India's sovereign external debt to GDP is among the lowest globally at less than 5%. Govt will start raising a part of its gross borrowing program in external markets in external currencies. pic.twitter.com/NyQZac9h35
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: To further encourage women entrepreneurship, Women Self Help Group(SHG) Interest Subvention Programme to be expanded to all districts in India https://t.co/j4bTPIZfFE
— ANI (@ANI) July 5, 2019
FM: 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. https://t.co/Fa0dfBSba6
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: 'Gandhipedia' is being developed to sensitize the youth about positive Gandhian values #Budget2019 pic.twitter.com/1Fq6gBMglr
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: 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 pic.twitter.com/hSdNWVrJ8U
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: 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. #Budget2019 pic.twitter.com/SJWlkIklOx
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: To give further impetus to India's growing influence and leadership in the international community, Govt decided to open Indian embassies and high commissions in countries where India doesn't have a resident diplomatic mission as yet. pic.twitter.com/V7lG0nZOez
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: To popularise sports at all levels, National Sports Education Board for development of sportspersons to be set up under Khelo India. #Budget2019 pic.twitter.com/iO85mTGWSU
— ANI (@ANI) July 5, 2019
Sensex currently at 39,788.65, down by 118.99 points. pic.twitter.com/TZMGRbSY3M
— ANI (@ANI) July 5, 2019
FM: 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. pic.twitter.com/al2d3x5z50
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: I draw attention to the women of India, 'Naari tu Narayaani'. This Government believes that we can progress, with greater women participation. #Budget2019 pic.twitter.com/eASF2om6Fs
— ANI (@ANI) July 5, 2019
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 https://t.co/4ZKI2YIAgB
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: 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. #Budget2019 pic.twitter.com/UzKvk3NHMi
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: 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'. https://t.co/ntfrKt4KP3
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: To provide Non-resident Indians (NRIs) seamless access to Indian equities, NRI portfolio investment route to be merged with foreign portfolio investment route #Budget2019 pic.twitter.com/sFgjIMDCAz
— ANI (@ANI) July 5, 2019
FM Sitharaman: 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 pic.twitter.com/j8dFeTyRVS
— ANI (@ANI) July 5, 2019
FM: 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? pic.twitter.com/qPOcZp9d2M
— ANI (@ANI) July 5, 2019
- In a short summary, Finance Minister Nirmala Sitharaman said 30,000 Km roads will be built with Green technology. Also, 1,25,000 Km road will be upgraded. Also, the government will reduce our import bill. Now, there will be an ease of business & living which must apply to Kisan. Also, steps will be taken to double up the farmer’s income.
Finance Minister Nirmala Sitharaman: 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 pic.twitter.com/S0XA8LjXjI
— ANI (@ANI) July 5, 2019
"What are you asking for Mr Sharma? You want us to set aside the entire Lok Sabha elections?" Justice Rohinton Nariman observed and refused to entertain ML Sharma's petition. https://t.co/B8JhjWn8FQ
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: 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. #Budget2019 pic.twitter.com/vgzFdebwWo
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: 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 #Budget2019 pic.twitter.com/jegvdQSlV9
— ANI (@ANI) July 5, 2019
- Global investment meet to take place in India, every year. One lakh twenty-five-kilometre road to be modified with the investment of Rs 80,250.
Finance Minister Nirmala Sitharaman: It's right time to consider increasing minimum public shareholding in the listed companies, I have asked SEBI to consider raising the current threshold of 25% to 35%. #Budget2019
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: The FAME II scheme aims to encourage faster adoption of electric vehicles by the right incentives and charging infrastructure #Budget2019 pic.twitter.com/kd02NanzvS
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: User friendliness of trading platforms for corporate bonds will be reviewed, including issues arising out of capping of International Securities Identification Number #Budget2019 https://t.co/uchDFnVSql
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: To deepen corporate tri-party repo market in corporate debt securities, govt will work with regulators RBI & SEBI to enable stock exchanges to allow AA rated bonds as collaterals. #Budget2019 pic.twitter.com/T0alZuudA6
— ANI (@ANI) July 5, 2019
- Every single rural family, except for those who are unwilling to take the connection, will have electricity and clean household facilities.
- New space India limited, a new company is to be established.
- Finance Minister Nirmala Sitharaman said that the Foreign investments have been increased in the media and aviation sector.
Finance Minister Nirmala Sitharaman: Govt will invite suggestions for further opening up of FDI in aviation sector, media, animation AVGC and insurance sectors in consultation with all stakeholders. 100% FDI will be permitted for insurance intermediaries pic.twitter.com/xqhphPXRrI
— ANI (@ANI) July 5, 2019
FM Nirmala Sitharaman: Rs 350 cr allocated for 2% interest subvention for all GST-registered MSMEs on fresh or incremental loans. Pension for shopkeepers & retailers with turnover less than Rs. 1.5 crore to be launched under Pradhan Mantri Karma Yogi Maan Dhan Scheme #Budget2019 pic.twitter.com/hbjHvHB984
— ANI (@ANI) July 5, 2019
- Finance Minister Nirmala Sitharaman while presenting Budget 2019 in Lok Sabha said, “the rental laws will be reformed in India, and will focus on affordable housing.
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. #Budget2019 https://t.co/kvLQfaMH59
— ANI (@ANI) July 5, 2019
FM: 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 pic.twitter.com/DmMVibFppJ
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: Comprehensive restructuring of National Highways Programme will be done, to ensure the creation of National Highways Grid of desirable capacity.Government envisions using rivers for cargo transport,it will also decongest roads and railways. pic.twitter.com/I3G0bCm9IX
— ANI (@ANI) July 5, 2019
FM: 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. #Budget2019 pic.twitter.com/vJh1abVhZS
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: Schemes such as 'Bharatmala', 'Sagarmala' and UDAN are bridging the rural and urban divide, improving our transport infrastructure #Budget2019 pic.twitter.com/1UE1kkulZC
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: Chanakya Neeti sutra says 'Kaarya purusha kare na lakshyam sampa dayate'. Meaning with determined human efforts the task will surely be completed. #UnionBudget2019 https://t.co/pzvQsfnkvB
— ANI (@ANI) July 5, 2019
- Finance Minister Nirmala Sitharaman while presenting Budget 2019 in Lok Sabha said, the Indian economy will grow to become a $3 trillion economy in the current year itself. Also, she said that it is now the sixth largest in the world, five years ago it was at the 11th position.
Finance Minister Nirmala Sitharaman: Chanakya Neeti sutra says 'Kaarya purusha kare na lakshyam sampa dayate'. Meaning with determined human efforts the task will surely be completed. #UnionBudget2019 https://t.co/pzvQsfnkvB
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: It took us over 55 years to reach $1 trillion dollar economy. But when the hearts are filled with hope, trust & aspiration, we in just 5 years, added $1 trillion. #Budget2019 https://t.co/cN6cg8DS3R
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: 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. #Budget2019 pic.twitter.com/SSPypa8ajC
— ANI (@ANI) July 5, 2019
Finance Minister Nirmala Sitharaman: An Urdu couplet 'Yakeen ho to koi raasta niklata hai, hawa ki ot(protection) bhi le kar charagh jalta hai' #UnionBudget2019 pic.twitter.com/Haox1mgoEY
— ANI (@ANI) July 5, 2019
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. pic.twitter.com/qjEbJkw9D1
— ANI (@ANI) July 5, 2019
- Finance Minister Nirmala Sitharaman said, “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 disciplined.”
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 #UnionBudget2019 pic.twitter.com/kjz5nLsnDL
— ANI (@ANI) July 5, 2019
Union cabinet approves #Budget2019 . It will be presented by Finance Minister Nirmala Sitharaman at the Lok Sabha shortly. pic.twitter.com/bInlgoBvmW
— ANI (@ANI) July 5, 2019
- Parents of Finance Minister Nirmala Sitharaman Savitri and Narayanan Sitharaman, also attended parliament session.
#WATCH Delhi: Parents of Finance Minister Nirmala Sitharaman – Savitri and Narayanan Sitharaman – arrive at the Parliament. She will present her maiden Budget at 11 AM in Lok Sabha. #Budget2019 pic.twitter.com/Wp3INz7ifN
— ANI (@ANI) July 5, 2019
Union Cabinet meeting begins in Parliament. #Budget2019 https://t.co/6IAgi6yBLZ
— ANI (@ANI) July 5, 2019
- Copies of Budget 2019 were brought to the Parliament as Finance Minister Nirmala Sitharaman sets to present the Union Budget 2019 at 11 AM in Lok Sabha.
Delhi: Copies of #Budget2019 have been brought to the Parliament. Finance Minister Nirmala Sitharaman will present the Budget in Lok Sabha at 11 AM today. pic.twitter.com/Rmj4UJPteC
— ANI (@ANI) July 5, 2019
- Finance Minister Nirmala Sitharaman and MoS Anurag Thakur reached Parliament to present the Budget 2019, the first budget of PM Narendra Modi government.
#WATCH Delhi: Finance Minister Nirmala Sitharaman and MoS Finance Anurag Thakur arrive at the Parliament. #Budget2019 pic.twitter.com/vry6cs1caO
— ANI (@ANI) July 5, 2019
- As per tradition, Finance Minister Nirmala Sitharaman called President Ram Nath Kovind before presenting the Union Budget 2019 in Rashtrapati Bhawan.
Rashtrapati Bhavan: As per tradition, Finance Minister Nirmala Sitharaman calls on President Ramnath Kovind before presenting the Union Budget pic.twitter.com/5vOMn9qj2H
— ANI (@ANI) July 5, 2019
- Budget 2019: Chief Economic Advisor Krishnamurthy Subramanian spoke up on the Finance Minister Nirmala Sitharaman keeping Budget documents in four-fold red cloth instead of a briefcase. He said that it is in Indian tradition. It symbolizes our departure from the slavery of Western thought. It is not a budget but a ‘Bahi Khata’.
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) pic.twitter.com/ZhXdmnfbvl
— ANI (@ANI) July 5, 2019
Sensex at 40,027.21, up by 119.15 points. #Budget2019 pic.twitter.com/bPiscvNZsK
— ANI (@ANI) July 5, 2019
- Finance Minister Nirmala Sitharaman, MoS Finance Anurag Thakur, Finance Secretary SC Garg, Chief Economic Advisor Krishnamurthy Subramanian, and other officials all set with the Budget 2019 which is to be presented at 11 AM in Lok Sabha.
Finance Minister Nirmala Sitharaman, MoS Finance Anurag Thakur, Finance Secretary S C Garg, Chief Economic Advisor Krishnamurthy Subramanian and other officials outside Finance Ministry. #Budget2019 to be presented at 11 am in Lok Sabha today pic.twitter.com/oCyrMSNg7N
— ANI (@ANI) July 5, 2019
- Finance Minister reached the Ministry of Finance. She presented the Budget 2019 in Lok Sabha at 11 AM, here on Friday.
Delh: Finance Minister Nirmala Sitharaman arrives at Ministry of Finance. She will present the #Budget2019 today at 11 am in Lok Sabha. pic.twitter.com/ttrVBWK10O
— ANI (@ANI) July 5, 2019
- Meanwhile, Minister of State for Finance Anurag Thakur offered prayers ahead of the Budget 2019. Finance Minister Nirmala Sitharaman will be presenting the Budget 2019 at 11 AM in Lok Sabha.
Delhi: MoS Finance Anurag Thakur offers prayers ahead of #Budget2019. Finance Minister Nirmala Sitharaman to present the Budget at 11 am in Lok Sabha today pic.twitter.com/fFMWQiyoTH
— ANI (@ANI) July 5, 2019
- Finance Minister Nirmala Sitharaman to present the Budget in Lok Sabha on Friday. She will be presenting the Union Budget 2019 for the first time as a Finance Minister.
#TopStory: Finance Minister Nirmala Sitharaman to present Budget in the Parliament today. She will be presenting the Budget for the first time as the Finance Minister. (File pic) pic.twitter.com/4b0zhFSRbZ
— ANI (@ANI) July 5, 2019
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