Friday , 23 August 2019
Breaking News
FM Piyush Goyal presents Interim Budget 2019 in Parliament; follow this space for updates!

FM Piyush Goyal presents Interim Budget 2019 in Parliament; follow this space for updates!

Follow this space for the latest on Interim Budget 2019.

FM SAID:

–  The people of India gave a strong mandate to the Government, under leadership of PM, structural reforms undertaken, reversed policy paralysis and restored the nation’s image

– The last five years saw India being universally recognized as a bright spot in the world economy; we are the fastest growing large economy in the world economy today

– We have prepared the foundation for sustainable progress and prosperity for our people; we are moving towards realizing the dream of New India by 2022

– Inflation is a hidden and unfair tax; from 10.1% during 2009-14, we have broken the back of back-breaking inflation

– Inflation in December 2018 was just 2.1%

– Fiscal deficit has been brought down to 3.4% in the revised estimate of 2018-19; Fiscal deficit is likely to be 2.5% in 2019-20

– The next-gen reforms in last five years have set the stage for decades of high growth

– Number of measures implemented to ensure clean banking, a resolution friendly mechanism has been instituted for recovery of non-performing loans

– Close to 3 lakh crore already recovered in favour of banks and creditors, big defaulters too not spared by our government

– Recapitalization of banks amounting to 2.6 lakh crore has been done; confident that given the pace of reforms in banking sector, other banks too will recover

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