Thursday, 31 January 2019

Union Budget 2019-20 LIVE: FM Piyush Goyal rises to present Interim Budget 2019 : Budget 2019 live updates

Union Budget 2019-20 LIVE: FM Piyush Goyal rises to present Interim Budget 2019 : Budget 2019 live updates

Even though Prime Minister Narendra Modi made it clear that his government will be presenting an Interim Budget, expectations are high.

Finance Minister Piyush Goyal is all set to present his maiden Budget in Lok Sabha on Friday. The vote on account is going to be an “Interim” one, according to the government. Nevertheless, expectations are high since this will be the last Budget ahead of the General Elections.

With such growth, obviously more jobs are created, Mr. Goyal says and informs the House the NSSO report on employment will be presented soon.

EPFO membership has gone up by 2 crore in five years indicating formalisation of the economy. In last five years, all classes of workers saw a 42 per cent increase in  wages which is highest so far, he adds.

The seventh pay commission recommendations were  implemented swiftly.

The ESI cover limit has been increased to Rs. 21,000. The minimum pension was also increased to Rs. 1000.

Modi government will be presenting the Interim Budget for the fiscal year 2019-20 on Februrary 1, Friday. The Finance Ministry made it official that the upcoming budget will be 'Interim Budget 2019-20' on Thursday , January 30. In the absence of Finance minister Arun Jaitley  who has gone to US for medical treatment,  the Interim Budget will be presented by Cabinet Minister Piyush Goyal.

A day before the announcement of Union Budget, Parliament started 'Budget Session' at 11 am where PM Modi urged MPs to work for the public. After the PM's address,  President Ramnath Kovind addressed the nation where he spoke on surgical strike, Triple Talaq Bill and several other issues, besides the President also highlighted the achievments of Modi government in the past five years.

Under the Prime Minister's Saubhagya Yojana, over 2 crore 47 lakh households have been given power connections. "Now India is rapidly moving towards the situation where each household will have electricity and no family will be forced to live in darkness," said President Kovind.

You can follow the exclusive coverage of Budget 2019 on BusinessToday.In . Here's everything you need to know including date, time, procedure about the Interim Budget 2019 :

Important dates: 'Budget Session' in the Parliament kicked-off today at 11 am. The Budget Session will continue till February 13, 2019 in which Lok Sabha and the Rajya Sabha will have total 10 sittings and the Question Hour will be held from February 4 to 8 and on February 8, discussion on private member's bill will take place.

Union Budget 2019-20 LIVE: FM Piyush Goyal rises to present Interim Budget 2019 : Budget 2019 live updates
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Union Budget 2019-20 LIVE: FM Piyush Goyal rises to present Interim Budget 2019 : Budget 2019 live updates Rating: 4.5 Diposkan Oleh: INDIA

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