Live Updates

  • 4:07 PM IST

  • 2:57 PM IST
    Union Budget 2019 LIVE: Non Banking Financial Companies(NBFC) are a critical component of our banking system. The Government has adopted a comprehensive approach for NBFC financing, she added.
  • 2:57 PM IST

    Union Budget 2019 LIVE: The emphasis was very clearly on the overall development of economy. We looked at rural initiatives, all of which will give certain dynamic to the rural areas. Similarly, we looked at how urban living can be better, said the Finance Minister

  • 2:57 PM IST

    Union Budget 2019 LIVE: Addressing media after presenting Union Budget 2019, FM Sitharaman said,”The budget has been presented with a 10-year vision in mind. The startups are being given a whole set of tax benefits.”

  • 2:29 PM IST

    Union Budget 2019 LIVE: By bringing in socio-economic transformation, it is a futuristic budget. It will be successful in taking India to $5 trillion economy. It has taken care of all the sections of society, be it poor, backward or rich people, says Union Defence Minister Rajnath Singh

  • 2:29 PM IST
    Union Budget 2019 LIVE: It is a visionary budget, at the macroeconomic level, one can say that, it is a manifestation of PM’s dream to make India a $5 trillion economy. The budget aims at transforming ‘gaon, gareeb and kisan’, says Maharashtra CM Fadnavis
  • 2:23 PM IST

  • 2:09 PM IST

    Union Budget 2019 LIVE: Nothing new, repetition of old promises. They are talking about new India but the budget is old wine in a new bottle. Nothing new, no plan for employment generation, no new initiatives, says Adhir Ranjan Chowdhury, Leader of Congress in Lok Sabha

  • 2:08 PM IST

  • 2:07 PM IST

    Union Budget 2019 LIVE: Felt great that a woman MP was presenting the Union Budget…’Nari is Narayani, agar ye humare desh mein log samajh len toh ye jo hinsa ho rahi hai mahilaon ke prati, that will stop’, says BJP MP from Mathura Hema Malini

Union Budget 2019 LIVE: Finance Minister Nirmala Sitharaman on Friday presented her maiden Union Budget 2019-20 in Lok Sabha, as part of Prime Minister Narendra Modi’s second term. She began her speech at 11 am and concluded at 1:07 PM.

Union Budget 2019 LIVE Updates: FM Proposes Tax Rebates on e-Vehicle, Affordable Housing Loans; Petrol, Diesel Get Costlier

Speculations were rife that Sitharaman, India’s first full-time woman finance minister, would provide relief to middle-class tax payers by raising the basic tax exemption limit in much-anticipated Union Budget but all hopes were dashed.

The government however, reward the middle-class by announcing an additional Income Tax deduction of Rs 1.5 lakh on affordable home loans. According to the proposal, income tax payers will get tax rebates of around Rs 3.5 lakh on loans of up to Rs 45 lakh borrowed upto March 31, 2020.

Furthermore, the Finance Minister proposed interchangeability of PAN and Aadhaar. “More than 120 crore Indians now have Aadhar card, therefore for ease of tax payers I propose to make PAN card and Aadhar card interchangeable and allow those who don’t have PAN to file returns by simply quoting Aadhar number and use it wherever they require to use PAN,” said Sitharaman.

She also announced that a new series of Re 1, Rs 2, Rs 5, Rs 10, Rs 20 will be made available for public use shortly. These coins are easily identifiable to the visually impaired. They were released by the PM on March 7 2019.

PM Modi, Amit Shah Laud Budget

Prime Minister Narendra Modi and Union Home Minister Amit Shah hailed Budget 2019. “Ye desh ko samridh aur jan jan ko samarth banane wala budget hai. Is budget se gareeb ko bal milega. yuva ko behtar kal milega,” said PM.

“The middle class will progress with this budget, development work will expedite even more. The tax structure will simply and infrastructure will modernise”, PM added.

Taking to micro-blogging site Twitter, Home Minister Shah said,”Finance Minister Nirmala Sitharaman presents a Budget For New India which lays the foundation of an inclusive & progressive nation, whose rise is powered by the hardwork of 130 crore Indians. The budget gives wings to India’s farmers, youngsters, women and poor to fulfil their dreams.”

Congress Criticises Budget

“Nothing new, repetition of old promises. They are talking about new India but the budget is old wine in a new bottle. Nothing new, no plan for employment generation, no new initiatives”, said Adhir Ranjan Chowdhury, Leader of Congress in Lok Sabha