Budget 2019 LIVE updates: Cabinet meets to clear interim budget. Interim Budget 2019 Live: As per convention, the election year budgets are interim budget or a vote on account. But Piyush Goyal is widely expected to go beyond those limits by announcing sops to please people engaged in farm sector.
Finance minister Piyush Goyal will present the sixth and hence, the interim budget of the Narendra Modi government on Friday. The interim budget is widely expected to focus on giving big push to investment in agriculture, small and medium industries, and health sectors.
Income tax concessions for individuals and lowering of peak tax rate for the corporates may also be part of a possible populist interim budget that Goyal will present on Friday as the Modi government makes a last-ditch attempt to woo voters ahead of the Lok Sabha elections.
How your taxes and investments could be affected by the budget Budget 2019, the last for the NDA government, will be announced soon. Though no big ticket announcements are expected experts are divided on whether sops will be given since it’s an election year. Will the government stick to the norm of presenting an interim budget in an elelction year or will they make big ticket announcements? We’ll have to wait and watch .From a personal finance standpoint, tax relief is a major hope from the budget. But some analysts feel is better to not set the hopes too high.Housing is another area that is expected to see some announcements. In an effort to achieve the target of ‘Housing for all by 2022’ the budget may introduce or increase some benefit for home buyers. Reports have also suggetsed the budget may introduce debt-oriented new schemes that will offer tax deduction to investors.
TDP MPs dress in black to protest against govt ahead of Budget 2019
TDP MPs dressed in black gathered to protest against the central government ahead of the presentation of the interim #Budget2019. They are protesting in Parliament premises demanding special category status for Andhra Pradesh, reports ANI.