PTC News

Finance Minister Nirmala Sitharaman on Friday presented the Budget 2019 of Modi Government 2.0 being a first ever full-fledged Finance Minister of India. Meanwhile, Prime Minister Narendra Modi has put his own opinion on the Budget 2019 presented by Nirmala Sitharaman in Lok Sabha. PM Narendra Modi said that the Budget is the welfare of people, especially the poor people will get powers in their hand and the youth will be given an opportunity.

Mint

First, loosen the fiscal purse strings to boost growth and arrest the domestic slowdown. Second, make public borrowings and deficit figures transparent to make the fiscal math more credible. Third, announce big-bang reforms to revive the animal spirits of Indian industry. On all three counts, Sitharaman has disappointed, an analysis of the budget speech and the budget numbers show. Sitharaman has not given in to calls for a fiscal stimulus and has also shied away from including off-budget liabilities in budget calculations. There were policy changes relating to the capital markets, but no new industrial policy or labour reforms were announced. Overall, the budget seems to signal status quo on most issues, at least for now.