Budget 2019: Opposition shouldn't shed crocodile tears, says Arun Jaitley
PM Modi termed the Budget pro-poor, farmers and middle class, Congress said it was a bribe for votes. Catch Budget 2019 LIVE updates
 "Interim Budget 2019, Budget 2019")
Interim Budget 2019: Finance Minister Piyush Goyal will present the Budget
Budget 2019 LIVE updates: Prime Minister Narendra Modi made a populist push in his final budget before elections, cutting taxes for middle-class voters and giving cash handouts to farmers.
The government will allocate Rs 75,000 crore a year for the cash plan for about 120 million farmers and give taxpayer Rs 185 billion of relief in the year to March 2020, Finance Minister Piyush Goyal said in his budget speech on Friday.
These were among a slew of measures he announced, mainly to benefit the middle class, address the agrarian distress, and bolster industry. Other key measures announced by the FM were an annual benefit transfer of Rs 6,000 to each marginal farmer — with a landholding of less than 2 hectares. In another important announcement, the government announced a mega pension scheme, PM Shram Yogi Mandhan, for people in the unorganised sector. Under this scheme, the government to provide a pension of Rs 3,000 a month to people in the unorganised sector after they turn 60 years old.
8:58 PM
Arun jaitley In 2009 Interim Budget, Pranab Mukherjee not even in Interim Budget, but while replying to it announced stimulus package where he reduced excise duty 2% across the board. Same argument was available then.
8:57 PM
Arun jaitley: Both centre and states must cooperate
Arun Jaitley Both centre and states must cooperate. This is a huge amount that we are doing. We are now as against the one time loan waiver of Rs 52,000 crores . This is Rs 75,000 crores in the first year itself. I'm sure it will expand in future years.
8:53 PM
What did the UPA do in their 10 years in power?asks Arun Jaitley
Union Minister Arun Jaitley: What did the UPA do in their 10 years in power? A one-time loan waiver of 70,000 crores. Only 52,000 crores were waived off & CAG report was that out of that Rs 52000 crore a significant part of money went to traders and businessmen & not to farmers.
8:53 PM
Rural roads - 91% completed, rural housing - 2022 everyone will have a roof, 98.7% people in rural areas now have sanitation: Jaitley
Union Minister Arun Jaitley: Now look at what we've been doing. Rural roads - 91% completed, rural housing - 2022 everyone will have a roof, 98.7% people in rural areas now have sanitation, every willing home is having electricity, every man has switched over the cooking methods.
8:50 PM
It's absurd to say that there are no jobs, said Arun Jaitley
“If 7.5% is real GDP growth and inflation is 3-4%, meaning that nominal growth is 11-12%, it would be absurdity to say that the there are no jobs”: Union Minister Arun Jaitley
8:48 PM
India's middle class has been vastly strengthened over the past few years. Their ability to spend more is a boost for the economy: Jaitley
8:45 PM
Definition of employment is changing, says Jaitley
8:44 PM
NSSO report on jobs in India is not a report. It's a draft that has not been approved: Jaitley
8:43 PM
"Don't shed crocodile tears for the farmers": Finance Minister Arun Jaitley to opposition on the interim budget
8:43 PM
“I’m sure opposition parties can top up the central scheme. It’s not like this is only the responsibility of the federal government,” Arun Jaitley on Budget 2019
8:43 PM
Loan waivers are never a solution to the farmers’ problems in the long run. Income support is: Arun Jaitley
8:42 PM
Middle class spending boosts economy: Arun Jaitley
8:40 PM
Our farming sector needs support, says Jaitley.
8:40 PM
Opposition shouldn't shed crocodile tears, says Jaitley
8:38 PM
Union Minister Arun Jaitley speaks on Budget 2019
Topics :
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Feb 01 2019 | 7:00 AM IST
