Good morning dear readers and welcome to our exhaustive coverage of Union Budget 2019, which comes in the backdrop of falling employment, farm distress, tepid growth and global trade wars. But hopes are riding high that Modi 2.0, emboldened after a decisive election win, will deliver a growth mandate in the Aam Budget.
The ambitious project of Bharatmala will enhance road connectivity and Sagarmala will help port and waterways connectivity, she says. These along with other such initiatives such as Udaan scheme will improve India’s infrastructure and enable connectivity and bridge the rural and urban divide, she says.
Trivia: FM Nirmala Sitharaman cited an Urdu couplet, “Yakeen ho to koi raasta niklata hai, hawa ki ot (protection) bhi le kar charagh jalta hai”. In the past too, many finance ministers have added poetry and couplets to their Budget presentation.
If before India Inc understood Swadeshi they now look at Make in India. Gone are the days of policy paralysis and Licence Raj regimes. India is now a wealth creator, says Sitharaman, adding she wishes to announce a number of reforms to further the country’s growth prospects.
It took us over 55 years to Indian economy to reach $1 trillion but the people’s hearts filled with Vishwas and Akansha (hopes of the people of the country) has helped us achieve the next couple of trillions within a short span.
The Finance Minister is talking about India’s key schemes and projects and how they have positively impacted people’s lives. She is also speaking about various reforms that the Narendra Modi-led government undertook between 2014 and 2019.
In PPP terms we are the third largest economy already after China and US, she says pointing out that India has already become a $2.7 trillion economy, she says.
Trivia: FM Nirmala Sitharaman has now become India’s first full-time woman Finance Minister to present the Union Budget.
Our objective was and continues to be ‘Mazboot desh ke liye Mazboot nagrik’. With determined human efforts the task will surely be completed, says Sitharaman.
We have shown by our deeds that the principles ‘perform, reform, transform’ can indeed succeed. Have set the ball rolling for a ‘New India’, says Sitharaman.
Finance Minister Nirmala Sitharaman rises to present Budget 2019.
The Lok Sabha Speaker has invited Finance Minister Nirmala Sitharaman to present her maiden Union Budget.
CLSA expects Nifty to be at 12,500 by the end of 2019, CNBC-TV18 has reported.
