New Delhi: Finance Minister Nirmala Sitharaman is presenting the first full General Budget (Budget 2019) of the Modi government 2.0 at Parliament House. It has started at 11 a.m. The Finance Minister started reading her budget speech at 11 a.m. and said in her speech that if she is sure there is a way out, the lamp burns with an oat of wind. She further said that in the next few years our economy will reach 5 trillion dollars.
At the same time, she conceded that the budget has an emphasis on New India. Everyone in the country is currently experiencing a change. It is also currently the sixth largest economy, which was earlier ranked 11th. She says we have implemented our plans. Spending on food safety will be doubled.
Here are some of the highlights made by the Finance Minister...
-The country voted for the nation -Our focus on economic reform also -To create an economy of $5 million crores in the next few years -PM to achieve Modi-led target -FY20 will become an economy of $3 million -$5 million to be in the economy in 2025 -World's third largest economy in purchasing power -$1 million added to the economy in 5 years -Jobs also need more investment. -We are working to boost economic growth, our emphasis is on reform, performance and transformation. We are moving towards New India. -India mala to have better development of roads - the Flying scheme is being linked to smaller cities -Infra, more investment needed in digital -Bharatmala project to boost business -Government's Focus on Sagarmala Project -Employment needs more investment -Air services in small towns through flight scheme -210 metro lines in the country begin operation -Private participation in railways to be increased -The railways will use PPP model. -The railway will implement the ideal fare scheme. -Rs 350 crore allocation for MSME -Rs 50,000 crore to fix infrastructure in railways -Emphasis on the plan to give a home to all -Target to provide pension to 3 crore shopkeepers -300 km new railway line has been approved -Loan up to Rs 1 crore sanctioned in 59 minutes -One Nation-One Grid Plan working on -Ideal fare law to be made -Investors will make the stock market friendly. -The insurance sector will have 100 % foreign investment. -The range of foreign investment in the media will increase. -India stresses on making India a "most favoured FDI country". -Large improvements in electricity tariffs are planned. -Affordable Housing Scheme on PSU lands. -India has emerged as a space force. -Cargo service to river Ganga to begin in four years. -PM will provide houses to all by 2022 under the housing scheme. -Electricity to be provided to all by -2022
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