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Union Budget 2019 LIVE Coverage: Exhaustive Coverage Of First Budget Of Modi 2.0

BW brings minute by minute coverage of Union Budget 2019 LIVE as Finance Minister Nirmala Sitharaman presents it.

The Budget is expected to put extra money in the hands of the tax payer by tinkering with the exemption limit. But at a time when the government coffers are already stretched on account of lower GST realisation, will the FM bite the bullet on the fiscal deficit front to kick start the economy? We bring a minute by minute coverage.

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12:41 PM

05 July, 2019

Direct Taxation increased by 78% in last 5 years

Pay Tax Only in income over 5 lacs

Tax benefit for buying e-vehicles

Startup Taxation: Attempt to resolve Angel Tax. Funds raised by startups will not be subject to scrutiny. Source of funds and identity of investors will be judged through a e-verification method.

Benefits of 7 lacs to Affordable home buyers

12:36 PM

05 July, 2019

Taxation: FM says Tax payers are responsible citizens

FM thanks all honest tax payers saying they help Govt to function properly

12:23 PM

05 July, 2019

Banking Sector: Reforms for PSU banks

NPAs have already reduced by INR 1 lac crores

INR 70 thousand crores of capital will be infused in public sector bank 

NBFCs will are fundamentally sound will continue to get funding from banks

12:04 PM

05 July, 2019

Startups: New programs

TV programs will focus on startups - discuss problems, taxation issues and matchmaking with investors

12:02 PM

05 July, 2019

Khelo India Scheme: Budget focuses on Sports development

Focus will be on sports infrastructure development. 

12:00 PM

05 July, 2019

Education: Major changes for Schools and Universities

5 years back no college in World Top 200.

Now, 3 Indian colleges in Top 200.

Universities will be hub of research.

We will focus on bringing foreign students in India

11:52 AM

05 July, 2019

For Urban India: Rapid Urbanization is an opportunity, Not Challenge

People can live near to their home and not migrate to other cities

11:50 AM

05 July, 2019

Har Ghar Jal Mission For Rural India: Adequate Drinking Water Our Concern

Water Management schemes to be our focus.

Jal ministry to ficus on drinking water

11:39 AM

05 July, 2019

Rural India: Focus on Gaon, Gareeb and Kisaan

Ujjwala scheme has been a game changer

1.5 crore rural homes have been completed under Pradhanmantri Awaas Yojana

1.95 crore are proposed to be provided to eligible beneficiaries. These houses will have electricity, LPG and toilets.

Average number of days for construction reduced from 314 days (2014-15) to 114 days (2017-18)

11:36 AM

05 July, 2019

Improving Space Research Budget

Big boost to India's space programs.

Focus to increase on research and production 

11:33 AM

05 July, 2019

FDI Boost: New plans

FDI has remain stable

Boost to single brand retails FDI

Govt to open FDI in aviation and Media

11:28 AM

05 July, 2019

Action Plan to improve market conditions: Need 20L crore worth investment every year

Social stock exchange under SEBI proposed

11:24 AM

05 July, 2019

Boost for MSMEs: Loans of 1 crore for MSMEs in 59 minutes

Easy, hasslefree loans to MSMEs. Logistic costs for freights to be reduced.

Pension for 3 crore retailers to be increased

11:23 AM

05 July, 2019

New blueprint for boosting connectivity: UIDAI rules for discoms to be improved

Connectivity to be improved. Rental laws to be improved

11:20 AM

05 July, 2019

Inland waterways: One Nation One Grid; 50 lac crore needed

  • Jalmarg for In land cargo movement
  • Jalmarg terminal in Varanasi operational. 
  • Jalmarg via Ganga to increase 6 fold

11:17 AM

05 July, 2019

Infrastructure: Multiple big plans on card

Finance Minister Says,

  1. Connectivity Lifegrid of economy. Dedicated freight corridors are planned. Sagarmala for road, rail and port connectivity.
  2. India will enter aircraft financing. Will help leverage business opportunities. Hope to become self reliant in aviation.
  3. National Common Mobility Card: Multiple transport with one single card
  4. Metro line to get big push
  5. Registered e-vehicles will be incentivised
11:12 AM

05 July, 2019

FM hails Pvt sector: They are job creators

FM says, "Gone are the days of Policy paralysis. Private sector companies aided growth of economy"

11:10 AM

05 July, 2019

India is 6th largest economy; 3rd best economy in terms of purchase power: FM

FM says, " We will need to continue structural reforms. Need to invest heavily in infrastructure"

11:07 AM

05 July, 2019

We will be 5 trillion USD economy in next few years: Finance Minister

Economy reached $2.7 trillion from $1.8 trillion in last five years. It will be $5 trillion economy in next few years. We will target to be $3 trillion economy by this year end

11:05 AM

05 July, 2019

Budget Speech Starts: People have validated our vision

Finance minister starts by saying, Reform, Perform, Transform has succeeded. Strident commitment to fiscal discipline will continue.

10:52 AM

05 July, 2019

Proud parents: Finance MInister's parents reach the parliament to witness their daughter make history

India's first woman finance minister Nirmala Sitharaman's parents reach parliament before the first budget speech of their daughter.

10:38 AM

05 July, 2019

Budget copies arrive at parliament; Budget to start at 11AM

10:34 AM

05 July, 2019

Finance Minister arrives at the Parliament

10:32 AM

05 July, 2019

Briefcase vs Bahi Khata: Western Slavery vs Indian Tradition

News agency ANI has quoted Chief Economic Advisor (CEA) KV Subramanian as saying: “It is in Indian tradition. It symbolizes our departure from slavery of Western thought.”

10:09 AM

05 July, 2019

Sensex trades above 40k ahead of Budget 2019

Ahead of Budget 2019, Sensex back at 40,000 for the first time since June 11.

10:04 AM

05 July, 2019

Finance Minister, Nirmala Sitharaman, calls on the President before presenting the Budget

09:50 AM

05 July, 2019

First woman finance minister get ready with her team; dumps the brief case, carries the 'Bahi Khata'

In a departure from norm, Sitharaman is seen carrying a traditional 'Bahi Khaata' instead of a briefcase.

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