New Delhi: Union Finance Minister Arun Jaitley, who is undergoing treatment in the US will himself be presenting the interim budget on February 1, reports claimed. It was speculated that Jaitley might not be able to present the budget this year, ‘on health grounds’, but top sources in the Ministry of Finance dismissed media reports and said that the Finance Minister will read out a speech.
The Centre could announce big relief for farmers and the middle class in Budget 2019. A few days back, it was reported that government may increase the tax exemption limit from Rs 2.5 lakh per annum to Rs 5 lakh per year, in the Budget 2019. Prime Minister Narendra Modi in an interview to news agency ANI, had also said that the country needs to change its perception towards the middle class.
Besides, the agrarian sector can also expect schemes aimed at relieving farmers and increasing their incomes. The Finance Minister himself had also hinted at a farm relief package for distressed farmers.
Speaking at the CNBC-TV18 India Business Leader Awards via video conferencing from New York, Jaitley had said,“Without getting into the specifics, because that would be disclosing the mind in which we are working, (I can say that) you cannot opt to wait on some of the challenges. Therefore, obviously, there will be a necessity to address them. It has happened in the past. So we intend to work within the parameters of the conventions as they exist.”
Bharatiya Janata Party farmer’s cell chief Virendra Singh Mast had also said,”We have sent several requests to the government regarding farmers. In coming Budget you can see it’s reflection.”
Notably, this will be the sixth consecutive Budget to be presented by Jaitley. The parliament will meet from January 31 to February 13 for the budget session.