NEW DELHI: The first general budget for the second term of the NDA government led by Prime Minister Narendra Modi is being presented in Parliament on Friday. The Budget was presented by Union Finance Minister Nirmala Sitharaman in Parliament at 11 am and her budget speech is currently underway in Parliament. This time, a copy of the budget was kept in a red bag instead of a briefcase, a copy of the old tradition of presenting the budget. The budget has been called a "book account" this time.
Chief Economic Advisor Krishnamurthy Subramanian has said that it is in our Indian tradition. A copy of the budget in a red bag also serves to reflect our liberation from Western ideology. Earlier, Finance Minister Nirmala Sitharaman and Minister of State for Finance Anurag Thakur had walked out of the ministry and showed the media a copy of the budget. So far, Nirmala Sitharaman has said many key things in the Budget Speech.
LIVE UPDATES: Some of the key things so far...
- Target to provide electricity to 7 crore households, electricity to every family in the village by 2022
- To provide electricity to every village by 2022, plan to provide 1.95 crore houses by 2021
- Target to provide pension to 3 crore shopkeepers, sanction loans up to Rs 1 crore in 59 minutes: Finance Minister
- Allocation of Rs 350 crore for MSME: Finance Minister
-Insurance sector to have 100 per cent foreign investment: Finance Minister
-Work on power tariff reform plan, One Nation One Grid plan: Finance Minister
- Online portal for small and small scale industries, plans to improve electricity tariff: Finance Minister
-- Emphasis on PPP model in Railways, 50 thousand crores to fix infrastructure: Finance Minister
- An ideal fare law will be enacted, emphasizing increasing private participation in railways
- Development on waterways within the country necessary, efforts to increase transport on river Ganga: Finance Minister
- Our aim is to make the country a strong citizen: Finance Minister
-- Starting operations on 210 metro routes in the country, promoting electric vehicles: Finance Minister
- The days of licence in the country are over, business is growing with Make in India: Finance Minister
-- Emphasize on providing infrastructure to the people: Finance Minister
-- Business corridors benefit the common man, reaching $2.73 trillion: Finance Minister
- The country has a better environment for foreign investment, people's lives have changed through currency loans: Finance Minister
- More will be spent on food security: Finance Minister
- We have implemented our plans to meet every goal under the leadership of the Prime Minister: Finance Minister
- Sure, everyone in the country is feeling a change: Finance Minister
- Simplify the government process - Finance Minister