Union Budget 2019-20 Highlights and Important Points LIVE Updates Finance Minister Piyush Goyal said that the Modi government got a decisive mandate to continue structured reforms. "We have reversed policy paralysis," he said.
Union Budget 2019-20 Highlights and Important Points LIVE Updates: Acting Finance Minister Piyush Goyal is presenting the Union budget in the Lok Sabha on Friday. Starting his budget speech, Piyush Goyal wished former Finance Minister Arun Jaitleya speedy recovery. The Parliament session began amidst uproar with Opposition members shouting slogans.
Presenting the budget, Goyal said the Modi government has brought down the inflation rate, which was at a mere 2.1 per cent in December 2018. The fiscal deficit has also been reduced to 3.4 per cent in the revised estimate of 2018-19.
Being announced ahead of the Lok Sabha polls, the budget assumes significance. It is anticipated that the government will announce a financial package for farmers that may include direct cash transfer. There might also be income tax exemptions for the salaried and cheap loans for small businesses.