Live Updates:
All sections of the society including farmers, middle class, poor and women have been mentioned in this budget. This budget will help achieve the dream of a ‘New India’: UP CM Yogi Adityanath
No income tax for those earning under Rs 5 Lakh, says FM
Pradhan Mantri Shram Yogi Mandhan: Rs 3,000 pension monthly to unorganised sector workers after age of 60 years
11:35 AM “50% increment in honorarium to ASHA workers”
11:27 AM “Govt has approved Pradhan Mantri Kisan Saman Nidhi, under which farmers with less than 2 hectare land will get direct income support of Rs 6000 per year.”, Piyush Goyal
11:20 AM “We launched the world’s largest health care program”, Piyush Goyal
11:00 AM Piyush Goyal readies for the address
Watch the address live here
9:58 AM Piyush Goyal arrives at the Parliament
9:30 AM Union Minister Piyush Goyal leaves ministry to meet the President Ramnath Kovind and head to Parliament to present the Budget 2019. Goyal’s address will begin at 11 AM.
The Finance Minister, Shri @PiyushGoyal after giving Final touches to the Budget 2019-20 in his office in North Block today, interacting with Members of his Budget Team. Both the Minister of State for Finance,Shri @BJPShivPShukla and @PonnaarrBJP were also present on the occasion pic.twitter.com/oOTPwYzbpO
— Ministry of Finance (@FinMinIndia) January 31, 2019
The government will be presenting the interim budget in Parliament on Friday. This will mark the last budget before the General Election due by May this year. The Union Budget 2019 will be crucial for Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) as it offers one last opportunity to announce some popular measures ahead of the elections, where Prime Minister Narendra Modi will seek a second term.
Piyush Goyal will present the budget at around 11 am for the interim budget for the financial year 2019-20. Both the houses of Parliament- the Rajya Sabha and the Lok Sabha, will remain in session till February 13 for the Budget Session, which began on Thursday. A total of 10 sittings are slated to take place.
An interim budget
As this will be a year of General Elections, an interim Budget will be presented instead of the usual full-fledged.
An interim Budget is a complete set of accounts which includes both expenditure and receipts of the government.
The central government has done away with the practice of presenting a separate budget for Indian Railways. Railway Budget 2019 will be presented as a part of the Union Budget.
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