The #RBIPolicy announced today becomes important in the light of the economic indicators hidden the the #BudgetPapers— GoNews (@GoNews24x7) February 7, 2019
Imports, Exports, Forex Reserves, Gross Tax Revenue, Capital Receipts and Govt Expenditure are sliding rapidly.
Follow #GoBudget at https://t.co/igOUjHp5od pic.twitter.com/QWRjm2w9fc
Rahul Gandhi: You can waive off Rs 3.5 Lakh Crore loan of 15 people but give only Rs 17 per day to farmers! What else is this, if not an insult? Election will be fought keeping in mind issue of farmers, unemployment & attacks on institutions, it'll also be on the issue of Rafale. pic.twitter.com/eKQgPyzaC0— ANI (@ANI) February 1, 2019
Delhi: Meeting of opposition leaders is underway at the Constitution club. Visuals of Congress President Rahul Gandhi and other leaders present at the meeting. pic.twitter.com/xYP5LLmvKC— ANI (@ANI) February 1, 2019
WB CM Mamata Banerjee: This govt has no moral authority or responsibility to place the budget for 5 years when they'll not be in power; the govt will go for expiry. After expiry, if you give medicine, is there any value? What will be the value? This is absolutely valueless. pic.twitter.com/rK4CBge5Sw— ANI (@ANI) February 1, 2019
मोदी सरकार का किसानों को 6000 की वार्षिक आय देने का फैसला भी उनके जुमलों की सूची में शामिल होगा | हाथ में कभी नहीं पहुंचेगा जैसे फसल बीमा योजना और MSP का पैसा आज तक नहीं पहुंचा |— Jyotiraditya Scindia (@JM_Scindia) February 1, 2019
किसान का अपमान और किसानों पे वार करने वाली सरकार क्या किसान सम्मान योजना चलाएगी?#AakhriJumlaBudget
Karnataka CM: I want to ask if this budget was prepared by officials of Finance dept or RSS? In this budget, Narendra Modi has given cotton candy for farmers. When I announced loan waiver scheme, PM mocked it as lollipop. Friends of BJP have prepared this budget. #Budget2019 pic.twitter.com/brlzIzHqaU— ANI (@ANI) February 1, 2019
There is a proverb in English,....'You can fool all the people some of the time & some of the people all the time, but you cannot fool all the people all the time.— Shatrughan Sinha (@ShatruganSinha) February 1, 2019
God Bless! Jai Hind!
Prime Minister Narendra Modi: This is an Interim Budget. This is just a trailer of the budget which, after elections, will take India on the path to development. #Budget2019 pic.twitter.com/aWzi76nzKw— ANI (@ANI) February 1, 2019
Dear NoMo,— Rahul Gandhi (@RahulGandhi) February 1, 2019
5 years of your incompetence and arrogance has destroyed the lives of our farmers.
Giving them Rs. 17 a day is an insult to everything they stand and work for. #AakhriJumlaBudget
P Chidambaram, Congress on #Budget2019: The Interim Finance Minister tested our patience by the longest interim budget speech in the recent memory. It was not an interim budget, it was a full fledged budget accompanied by an election campaign speech. https://t.co/AlY8uxmQpD— ANI (@ANI) February 1, 2019
Dear @narendramodi ji: After 2 successive droughts in 2014 & 2015, recovering farmers were damaged by your demonetization in 2016 & GST in 2017. Now you want to buy their votes with Rs. 500 a month? Isn’t that cruel jumla sir? #AakhriJumlaBudget #Budget2019— Salman Anees Soz (@SalmanSoz) February 1, 2019
S Tharoor, Congress: The whole exercise has turned out to be a damp squib. We've seen one good thing that is tax exemption for the middle class. Rs 6000 in income support for farmers boils down to Rs 500 per month. Is that supposed to enable them to live with the honour&dignity? pic.twitter.com/kZDRhkKSWi— ANI (@ANI) February 1, 2019
Before any discussion on the numbers around the budget, it’s clear that if anyone were to ask ‘How high was Piyush Goyal’s Josh?’ the answer would not be in doubt...— anand mahindra (@anandmahindra) February 1, 2019
एक साल के बजट में दस साल आगे की झूठी बात है. बहुसंख्यक भूमिहीन किसानों व श्रमिकों के लिए इसमें कुछ भी राहत नहीं है.— Akhilesh Yadav (@yadavakhilesh) February 1, 2019
पाँच सालों की प्रताड़ना और पीड़ा के बाद देश के किसान, व्यापारी-कारोबारी, बेरोज़गार युवा अब भाजपा से मुक्ति चाहते हैं, दिखावटी ऐलान नहीं.
#Budget2019 places immense resources in hands of farmers & middle class. This will boost demand particularly in rural areas, increase the pace of economic growth specially agriculture without distorting markets & credit culture. Development getting democratised.— Amitabh Kant (@amitabhk87) February 1, 2019
What can we call it? Another "Jumla" of false Promises? What happens if the present Govt is voted out in 2019? Modi ji as the saying goes "You can fool some people some time some people all the time but NOT AAL THE PEOPLE ALL THE TIME".— digvijaya singh (@digvijaya_28) February 1, 2019
#Budget2019 actually rubs salt in the wounds of farmers— Yogendra Yadav (@_YogendraYadav) February 1, 2019
The 'historic' 6,000 rupees a year for a family of 5 translates to Rs. 3.3 a day.
This is even lower than MNREGA or old-age pension!
Modi made middle class happy, but once again insulted farmers. #Budget2019— nikhil wagle (@waglenikhil) February 1, 2019
It was not a Vote on Account. It was an Account for Votes.— P. Chidambaram (@PChidambaram_IN) February 1, 2019
The Interim Budget presented by Shri Piyush Goyal today marks a high point in the policy directions that the Government headed by Prime Minister Shri Narendra Modi has given to this nation. @narendramodi @PiyushGoyal— Arun Jaitley (@arunjaitley) February 1, 2019
The Bjp thinks it is coming back for sure. #Budget2019— Swati Chaturvedi (@bainjal) February 1, 2019
A budget speech turns into an election rally as treasury bench MPs start chanting Modi Modi on hearing of tax breaks! Wonder if any of our MPs actually comes within the 5 lakh per annum category.. rather doubt it! ????#Voternomics19— Rajdeep Sardesai (@sardesairajdeep) February 1, 2019
FM Piyush Goyal: Individuals with gross income up to 6.5 lakh rupees will not need to pay any tax if they make investments in provident funds and prescribed equities https://t.co/0zphKNVt2I— ANI (@ANI) February 1, 2019
FM Piyush Goyal: Individual taxpayers having annual income upto 5 lakhs will get full tax rebate pic.twitter.com/6IMInkr4Kb— ANI (@ANI) February 1, 2019
Major IT Announcement
FM Piyush Goyal: 18% increase in direct tax collections in 2017-18, 1.06 crore people included in the tax base. Also, more than 1 crore people filed IT returns for the first time, after #demonetization https://t.co/UZpESMqNCF— ANI (@ANI) February 1, 2019
Piyush Goyal: Direct tax collections increased from Rs 6.38 lakh crore in 2013-14 to almost Rs 12 lakh crore; The tax base is up from Rs 3.79 crore to 6.85 crore— ANI (@ANI) February 1, 2019
Piyush Goyal: Allocation for the north eastern region has been proposed to be increased to Rs 58,166 crore in this year, it will be a 21% rise over the previous year— ANI (@ANI) February 1, 2019
FM Piyush Goyal: Our soldiers are our pride and honour; 'One Rank One Pension', which was pending for the last 40 years, has been implemented by us pic.twitter.com/bw3dp1E3W3— ANI (@ANI) February 1, 2019
FM announces increase in military pay
FM Budget speech: Assured monthly pension of 3000 for organised sector workers; Gratuity limit increased from Rs 10 lakh to Rs 30 lakh; Push for cleaner fuel for rural women and plans to provide total of 8 crore free cooking gas connections to rural households
Another red flag rises: CAD is 2.5 percent.— P. Chidambaram (@PChidambaram_IN) February 1, 2019
FM says govt has approved 'historic' scheme for assured income for small and marginal farmers
Finance Minister Piyush Goyal: Almost 3 lakh crore has already been recovered in favour of banks and creditors, big defaulters have also not been spared by our government pic.twitter.com/xMTtopcaQV— ANI (@ANI) February 1, 2019
FM says in Budget speech that government has brought down average rate of inflation to 4.6%. India is the fastest growing major economy in the world. FM said his govt had the courage to ask RBI to share banking sector details and enforce clean banking.
FM begins Budget speech saying government has removed policy paralysis and has restored fiscal balance
Delhi: Telugu Desam Party (TDP) MPs dress in black 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. pic.twitter.com/ANy29nazko— ANI (@ANI) February 1, 2019
Mallikarjun Kharge: They'll try to introduce populist schemes in the Budget keeping an eye on Lok Sabha polls. Budgets they've presented so far haven’t really benefitted general public. Only ‘Jumlas’ will come out today. They've only 4 months when will they implement the schemes? pic.twitter.com/RtGEDw6OzV— ANI (@ANI) February 1, 2019
Follow #GoBudget Live and you will not miss a single stat or view on— GoNews (@GoNews24x7) February 1, 2019
PChidambaram_IN- Modi Government revises GDP growth figures upward. What government did not realise was that unemployment figure was also revised upwards!
For more watch- https://t.co/L89YWzjspV pic.twitter.com/YOvW0ZhvIZ
Agriculture GVA Growth Rate
#GoBudget Delhi: Finance Minister Piyush Goyal arrives at the Parliament with the budget briefcase. Following the Cabinet meeting, he will present the interim budget 2019-20 at 11 am@UCBrowser— GoNews (@GoNews24x7) February 1, 2019
For more watch- https://t.co/L89YWzjspV
#Budget2019 #BudgetSession pic.twitter.com/oDzqrd1q7f
Delhi: Finance Minister Piyush Goyal calls on President Ram Nath Kovind at Rashtrapati Bhavan before presenting the Union #GoBudget— GoNews (@GoNews24x7) February 1, 2019
For more watch- https://t.co/L89YWzjspV
#Budget2019 #BudgetSession pic.twitter.com/RnegM0oLhy
All eyes are on the present government's last interim budget today, more likely to be a full budget, as the BJP attempts to gain ground ahead of the Lok Sabha polls
Deficit Economists in a Bloomberg survey expect the government to widen its target for FY19 to 3.5% of GDP from 3.3%; Taxes Income tax exemption thresholds may be widened; Possible raising of threshold for deduction on investments; Spending A $9.8 billion cash-transfer plan for farmers; Cheap loans for small businesses; Borrowing Gross: borrowing may rise to 6.4 trillion rupees in FY20, compared with a revised 5.35 trillion rupees in FY19
Rupee Comes, Rupee Goes | PM Modi has a last-ditch attempt to win voters with possible populist spending measures in Friday’s #Budget2019, risking his debt targets in the process.— GoNews (@GoNews24x7) January 31, 2019
Expectations mount ahead of Friday's Interim Budget with hopes of tax relief among traders and lower prices among the general public
Talking about the income tax expectations for the middle class, Shetty said that currently the maximum tax exemption one can avail under Section 80C is Rs 1.5 lakh through investment in PPF, equity, provident fund etc. Considering the increase in income and inflation, this limit is relatively low, an increase in this limit to Rs 2-2.5 lakh would be very welcome and encourage more investment in financial assets, he said.