Live

Proposal: no tax on income up to ₹5 lakhs

Fastest news and incredible charts for all you need to know about budget 2019. Budget Insider is for artists, techies, students, and not just for economists.

03:35 PM

PM Narendra Modi on sops for farmers in Budget 2019

"Over 12 crore farmers will benefit from Pradhan Mantri Kisan Samman Nidhi scheme": Prime Minister @narendramodi on… https://t.co/OfyHWBZbPd
— Business Insider�� (@BiIndia) 1549015406000

03:31 PM

PM Modi on Budget2019

"This is a #BudgetForNewIndia and for all Indians": PM @narendramodi #Budget2019 #BudgetSession
— Business Insider�� (@BiIndia) 1549015043000

03:15 PM

Congress President on Interim Budget 2019-20

Dear NoMo, 5 years of your incompetence and arrogance has destroyed the lives of our farmers. Giving them Rs. 17… https://t.co/aqAMJPaVSA
— Rahul Gandhi (@RahulGandhi) 1549013325000

03:10 PM

Senior Congress leader takes a jibe at Budget 2019

It was not a Vote on Account. It was an Account for Votes.
— P. Chidambaram (@PChidambaram_IN) 1549005801000

01:03 PM

"Budget 2019-20 is pro-growth," tweets Arun Jaitley

The Budget is unquestionably Pro-Growth, Fiscally prudent, Pro-Farmer, Pro-Poor and strengthens the purchasing powe… https://t.co/2NFDK3Ir6X
— Arun Jaitley (@arunjaitley) 1549006207000

01:02 PM

Congress on Piyush Goyal's Budget speech

Interim FM @PiyushGoyal claimed farmers are receiving fair MSP & the govt. is on track to double their income - if… https://t.co/vOheOcJczj
— Congress (@INCIndia) 1549006263000

01:00 PM

Industrialist Anand Mahindra on Piyush Goyal's Interim Budget 2019-20 speech

Before any discussion on the numbers around the budget, it’s clear that if anyone were to ask ‘How high was Piyush… https://t.co/znV8i8vWLj
— anand mahindra (@anandmahindra) 1549006006000

12:39 PM

No TDS on interest received from banks and post office deposits up to ₹40,000, raised from ₹10,000

12:38 PM

Benefit of rollover on capital gains (up to ₹2 crores) from sale of real estate will be available for two houses, once in a lifetime

12:37 PM

No need for TDS on house rent up to ₹2,40,000: Piyush Goyal

12:36 PM

If you have two self-occupied properties, you won't have to pay 'notional rent' on one of the properties

12:35 PM

Standard deduction increased to ₹50,000 from ₹40,000 a year: Piyush Goyal

12:33 PM

Given the excess expenditure planned, it is not clear how the government will achieve the targets

12:32 PM

Proposal: no tax on income up to ₹5 lakhs

12:26 PM

Allocation for welfare for SC/ST ₹56,619 crore in FY19 budget estimate to ₹62,400 crore in revised estimate, another 35% increase to ₹76,000 crore in FY20

12:23 PM

Total expenditure to rise 13.3% in 2019-20 to ₹2.78 trillion: Piyush Goyal

12:19 PM

India will have an Indian astronaut in space by 2022: Piyush Goyal

12:19 PM

Digital India will reach every citizen by 2030: Piyush Goyal

12:16 PM

This India will be drive on electric vehicles, India will lead the world in the transport revolution: Piyush Goyal

12:13 PM

India will be a $5 trillion economy in 5 years, and worth $10 trillion in another 8 years, says Piyush Goyal

12:13 PM

Big jump in capital expenditure from Railways

12:07 PM

GST burden on homebuyers will reduce, a decision awaits recommendation from a group of ministers

12:02 PM

No income tax changes announced so far

12:01 PM

Within the next two years, all verification of tax returns under scrutiny will be done without any personal interface between the tax official and the assessee: Piyush Goyal

11:59 AM

Direct tax collections jumped to over ₹12 trillion and an 80% jump in tax base: Piyush Goyal

11:58 AM

Piyush Goyal felt the 'josh' in the movie 'Uri'

11:57 AM

Piyush Goyal: Single window clearance for Indian filmmakers who need permission to shoot

11:56 AM

Piyush Goyal: This government aims to have 1 lakh digital villages in the next five years

11:52 AM

Piyush Goyal: Overall capital expenditure plan for Railways at ₹1.58 trillion, a record high, budgetary support ₹64,587 crore

11:51 AM

Piyush Goyal: Will improve the movement of container cargo in the north east through Brahmaputra river

11:50 AM

Piyush Goyal: Sagarmala Project will make import and export of goods faster

11:50 AM

Piyush Goyal: India's youth have found employment opportunities in aviation sector

11:49 AM

Piyush Goyal: India has over 100 operational airports now, domestic passenger traffic has doubled in last five years

11:48 AM

Piyush Goyal: Defence budget at a record high at over ₹3 trillion for 2019-20

11:46 AM

Piyush Goyal: DIPP will be renamed as Dept of promotion of industries and internal trade (DPII)

11:45 AM

Piyush Goyal: GEM platform extended to all public sector enterprises

11:45 AM

Piyush Goyal: Government will have to source more from small and medium enterprises, limit increased to 25%

11:44 AM

Piyush Goyal: A national artificial intelligence portal will be created soon

11:43 AM

Piyush Goyal: The narrative around jobs is changing. Job seekers have become job creators

11:37 AM

Piyush Goyal: ₹7.23 trillion worth of loans given under MUDRA scheme so far

11:36 AM

More sops for rural India

11:31 AM

2% interest subvention for animal husbandry: Piyush Goyal

Additional rebate of 3% if the loan is paid on time

11:28 AM

Piyush Goyal: ₹20,000 crores set aside for the PMKISAN programme in FY19 too

11:28 AM

Cost of PMKISAN programme, direct income support to small and marginal farmers, will cost the government annually ₹75,000 crores

11:27 AM

PMKISAN programme will benefit 12 crore farmers: Piyush Goyal

11:26 AM

Piyush Goyal: Direct income support for land holding up to 2 hectare ₹6,000 a month directly transferable

11:25 AM

Piyush Goyal: PMKISAN programme to support income for small and marginal farmers

11:19 AM

Piyush Goyal: ₹19,000 crore allocated for rural road construction in 2019-20

11:18 AM

Piyush Goyal: 15,80,000 out of 17,84,000 habitations have been connected with pucca roads

11:16 AM

Piyush Goyal: MNREGA allocation ₹60,000 crore for 2019-20

11:16 AM

Piyush Goyal: Nearly 2 lakh seats available for reservation for economically backward people

11:14 AM

Piyush Goyal: India has over 98% rural sanitation coverage, 545,000 villages declared free of open defacation

11:13 AM

Piyush Goyal: Expect more banks to be free from lending restrictions in the future

11:12 AM

Piyush Goyal: Bank of India, Bank of Maharashtra and Oriental Bank of Commerce free from lending restrictions

11:11 AM

Piyush Goyal: The insolvency and bankruptcy code has institutionalised recovery of unpaid loans

11:08 AM

Piyush Goyal: Fiscal deficit revised estimate 3.4% in FY19, current account deficit target will be 2.5% 'this year'

11:07 AM

Piyush Goyal: Modi government has broken the back of 'back breaking inflation'

11:06 AM

Piyush Goyal: Inflation is a hidden tax on the poor and the middle class.

11:06 AM

Piyush Goyal: The last five years has seen India being recognised as a bright spot in the world. Average GDP growth in the last five years has been faster than under any government since 1991.

11:05 AM

Piyush Goyal: Everybody will have a house, toilets, electricity and farmers income would have doubled by 2022.

11:04 AM

Piyush Goyal: India is marching towards growth and prosperity

11:03 AM

Din in Lok Sabha as FM Piyush Goyal begins speech

10:59 AM

FM Piyush Goyal's Budget speech to begin shortly

10:56 AM

Budget speech hasn't started, but protests have...

Delhi: Telugu Desam Party (TDP) MPs dress in black to protest against the central government ahead of the presentat… https://t.co/0Qk5DJYgwT
— ANI (@ANI) 1548997604000

10:53 AM

One of the biggest reasons for India's jobs crisis...

10:50 AM

Where do the government subsidies go?

10:39 AM

Informal workers above the age of 60 and with Aadhaar may get pension of ₹3,000 every month, reports the Hindustan Times.

10:26 AM

Just about 30 minutes to go for Narendra Modi government's sixth budget

PM @narendramodi arrives in #Parliament; Cabinet meeting ahead of presentation of #Budget2019 to start shortly https://t.co/w0QSIR6Uue
— PIB India (@PIB_India) 1548996528000

10:25 AM

Just opening bank accounts is not enough...

34 crore bank accounts were opened under the Jan Dhan Yojana, President Ram Nath Kovind said on January 31. But as the chart shows, bank loans to agriculture has significantly slowed down in recent years.

10:18 AM

Why budget 2019 may offer more relief to rural India?

One of the big reasons for the distress in rural India has been the fall in the growth rate for rural wages. Despite steady inflation, rural Indians have struggled to make ends meet in the Modi regime, as seen in this chart.

10:11 AM

What is fiscal deficit?

Why should you care? Rise in fiscal deficit eventually leads to weaker rupee, higher inflation and higher interest rate on bank loans.

09:46 AM

Piyush Goyal meets President Ram Nath Kovind

As per tradition, Finance Minister @PiyushGoyal calls on #PresidentKovind at Rashtrapati Bhavan before presenting t… https://t.co/BErWKF5apk
— President of India (@rashtrapatibhvn) 1548993985000

09:40 AM

The budget speech from Piyush Goyal is scheduled to start at 11 am. Less than two hours to go!

09:39 AM

Will it be an interim budget or a full one?

Traditionally, election year budgets are meant to offer a report card for the year gone by, and to make small allocations until a new government is voted in. But will team Narendra Modi break tradition and make a poll pitch from the floor of the Parliament?

09:36 AM

Stand in finance minister Piyush Goyal will present the budget as Arun Jaitley is in the US due to health reasons.

09:35 AM

Countdown begins...

Delhi: The printed copies of #Budget 2019-20 being security checked in Parliament premises https://t.co/QYObkVE0CI
— ANI (@ANI) 1548993756000

09:33 AM

Why is budget 2019 important?

The incumbent government under Prime Minister Narendra Modi will present its final budget before the world's largest democracy votes again in less than 100 days from now.