The Great Indian Budget Summarised (Modi – Led BJP Government's Interim Budget 2019)

On the eve of the upcoming elections, India's Finance Minister Piyush Goyal, under the Modi led BJP Government announced the interim budget which would be in force till the Election on 1st February, 2019 . In his 2 hour long speech he dealt with a variety of sectors ranging from Agriculture to Tax & Defence to Infrastructure. In this Article I Have tried to summaries his speech into bullet points for your ease of reference.

It is pertinent to mention that the present budget is a Interim Budget and not a Full Budget, for those who are unaware Interim Budget (also called Vote- on – account budget) is a budget wherein the government seeks the approval of Parliament for meeting expenditure for the first four months of the fiscal year (April-March); eg: paying salaries, ongoing programmes in various sectors etc. There is no change in the taxation structure, until a new government takes over and presents a full Budget that is revised for the entire fiscal year.