Budget 2019, Union Budget 2019 news: Budget to boost middle class, poor, farmers, says PM Modi

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New Delhi | Updated: February 1, 2019 7:27:36 pm

Live Budget 2019, Union Budget 2019 Live: In a huge sigh of relief to middle-class, Modi govt has announced big changes in income tax slab. Govt has approved for small and marginal farmers with land of up to 2 hectares, says Piyush Goyal.

Live Budget 2019, Union Budget 2019 Live, Budget 2019 LiveUnion Budget 2019 India Live Updates: Finance Minister Piyush Goyal

Live Budget 2019, Union Budget 2019 Live NEW INCOME TAX SLABS: FM Piyush Goyal announced big cheer for the salaried and middle-class taxpayers. In a huge boost, taxpayers with income up to Rs 5 lakh will get full rebate, standard deduction was raised by Rs 10,000, capital gains benefit for those selling a house property and reinvesting the proceeds, huge jump of Rs 30,000 in the threshold for TDS on bank interest and income from post office investments. Even the TDS threshold on rental income was hiked substantially from Rs 1.8 lakh to Rs 2.4 lakh, thereby giving relief to landlords. The capital gains benefit on house property and TDS threshold will give a boost to the real estate market.

The FM pegged the fiscal deficit at 3.4%, citing the income support to farmers announced in the budget. Piyush Goyal announced an interest subvention scheme for GST registered SMEs taking a loan A big income support scheme for farmers by the name of Pradhan Mantri Kisan Samman Nidhi, a pension scheme for unorganised workers called Pradhan Mantri Shram Yogi Mandhan, financial support for cos and fisheries are the key highlights of the big budget push towards rural and poor. In his speech in Lok Sabha, finance minister Piyush Goyal announced annual support of Rs 6000 per year for farmers holding land below 2 hectares. The reach out to unorganised workers happened in the form of a pension scheme where the government proposes to provide Rs 3000 per month to workers over the age of 60 with a monthly contribution of Rs 100.

The gratuity limit has been pegged at Rs 30 lakh. There is a 2% interest subvention for farmers engaged in fisheries and animal husbandry. On the jobs front, the finance minister said that a fast-growing economy is creating jobs based on EPFO data and that sectors like solar have created lakhs of jobs. The FM illustrated the achievements of the Narendra Modi led government by specifying gains in mobile connectivity, rural roads, digital infrastructure in villages.

Read Also: Budget 2019 Income Tax Slab Live FM Piyush Goyal announces full tax rebate on annual income tax for income up to Rs 5 lakh

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Union Budget 2019 Live news and updates: Huge expectations from Modi govt's final budget before elections


    19:27 (IST)01 Feb 2019
    Union Budget 2019: Expert opinion

    “Nominal tax relief of INR 3,588/- has been provided to salaried employees by enhancing the standard deduction limit from INR 40,000 to INR 50,000. FM has announced two important incentives for the individuals owing or intending to purchase a second house property. For an individual owning second self-occupied house property there will no longer be a requirement to pay taxes on the notional rental value. An individual having earned a capital gain up to INR 2 Crore can invest the gain in two residential property as compared to one under the present tax regime," Poorva Prakash, Senior Director, Deloitte India said.

    19:23 (IST)01 Feb 2019
    Budget 2019: BJP MP speaks

    'The interim budget has helped farmers, middle class and informal sector. The middle class has shouldered much of the burden of govts spending on the poor and other areas and this is governments way of acknowledging that and another step on the roadmap for higher tax compliance, lower tax rate nation. The Interim Budget is a clear continuation on the roadmap that commenced in 2014, of transformation into a more competitive, efficient and clean economy that would grow at higher rates. Our New India - an equitable India, a Prosperous India will be built not by crooked dynasts living off taxpayers and not having done a day’s work but by those who have experienced poverty and adversity and are determined to give all Indians a fair future,” BJP MP Rajeev Chandrasekhar said.

    17:26 (IST)01 Feb 2019
    Union Budget 2019 Live news and updates: Budget explained by expert

    "The Budget 2019 seems quite a balanced budget where Government has tried to focus on building physical & social infra for ease of living. Many crucial decisions are taken to facilitate the growth of small businesses such as loans of upto Rs 1 crore within 59 minutes and 2 per cent interest subvention on MSME loans with a ticket size of Rs 1 crore. On the other hand, increasing taxable income to Rs 5 Lakh and raising standard tax deduction from Rs 40,000 to Rs 50,000 are the decisions to improve the financial conditions of the working class," say Rachit Chawla, Founder and CEO, Finway.

    17:25 (IST)01 Feb 2019
    Union Budget 2019 Live: We have not disturbed the tax rates, says FM Piyush Goyal

    "3-3.5 crore people (will be benefitted). We'll get a final data when the final tax returns of the next year come... We have not disturbed the tax rates. We just made the change that those with an annual income less than Rs 5 Lakh will have to pay zero tax," Union Finance Minister Piyush Goyal said.

    17:18 (IST)01 Feb 2019
    Budget 2019 Live: Expert opinion

    "The interim budget for 2019-20 seems to be a balanced budget with support to sectors like agriculture and infrastructure for a holistic development of the Nation. Railways, roadways, airways along rail, road linkages, connectivity infrastructure, and 99 city Smart Cities Plan excites us. Also, the Rs 50 lakh crore investment plan for improvement and proper completion of the ongoing and upcoming infrastructure projects is a welcome step, we are hopeful that the budget supports rapid development of the economy,” says Rajeev Sharma, Head-Corporate Services and Strategic Planning, Mitsubishi Electric India Pvt. Ltd.

    17:14 (IST)01 Feb 2019
    Union Budget 2019 Live news and updates: Karnataka CM takes swipe at PM Modi

    "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," says Karnataka Chief Minister H D Kumaraswamy.

    17:11 (IST)01 Feb 2019
    Union Budget 2019 Live news and updates: FM Piyush Goyal hits back at Congress

    "Why is it that they(Congress) never bothered for the healthcare of the farmers like we did? Why is it that they never bothered to ensure electricity to all as we did? Except making tall promises they did nothing," FM Piyush Goyal told ANI.

    17:06 (IST)01 Feb 2019
    Budget 2019 for travel, tourism industry

    “While the Interim Union Budget 2019 has seen no direct mention of the travel and tourism sector, focus on tax breaks for the Middle Class (including doubling of income-tax exemption to Rs 5 Lakhs, raising of the threshold on bank fixed deposit interest to Rs 40, 000, etc.), will result in increased disposable income and a cascading boost to consumption- offering the sector an opportunity for increased travel & tourism spends," Mahesh Iyer, ED and CEO, Thomas Cook (India) Limited says.

    17:00 (IST)01 Feb 2019
    Union Budget 2019: Expert opinion

    "The Budget is a great Manifesto. The announcement of schemes such as Kisan Samman Nidhi Yojna , Shramyogi Maan-dhan Yojna and hike in MNREGA from Rs 5,000 crore to Rs 60,000 crore will definitely be a step forward in ensuring the upliftment of the weaker sections of the society. I look forward to impactful and timely delivery of these and many other far-reaching proposals. The farmer income would provide succor to landowners. This has to be coupled with a complete range of policy and extension reforms. Although the budget fails to clearly convince on the deficit and the inflationary impact. Job generation still remains a major area of concern and demands for more effective measures," says Sameer Kochhar, Chairman SKOCH Group.

    16:58 (IST)01 Feb 2019
    Budget 2019 for clothing industry

    "The Union Budget presented by Shri Piyush Goyal is aimed to benefit people as well as the businesses. I welcome Government's decision to source 25 percent material from SMEs and 3 percent from only women-owned SMEs. Removing hurdles from the path of women entrepreneurs is must to leverage women empowerment in the country. Also, as getting funds in the infancy stage is always a big challenge for small businesses, government’s announcements of launching an online portal that can sanction loans up to Rs 1 crore, within 59 minutes is, of course, a good news to SMEs. Further, RBI’s recent decision to permit a one-time restructuring of loans that any MSME has defaulted, but is not non-performing as of 1 January, will help in the revival of many promising startups," says Nidhi Yadav, Creative Head and Founder AKS Clothings

    16:57 (IST)01 Feb 2019
    Budget 2019 for health

    Allocation for Integrated Child Development Scheme (ICDS) is being increased from Rs.23,357 crore in RE 2018-19 to Rs.27,584 crore in BE 2019-20.A substantial increase is proposed in the allocation for welfare of the Scheduled Castes and Scheduled Tribes. The allocation of Rs.56,619 crore made in BE of 2018-19 for Scheduled Caste, further increased to Rs.62,474 crore in RE is proposed to be enhanced to Rs.76,801 crore in BE for 2019-20, an increase of 35.6% over BE of 2018-19.

    16:49 (IST)01 Feb 2019
    Union Budget 2019 Live news and updates: Welfare schemes for cows

    Finance Minister Piyush Goyal announced in his Budget speech 2019 announced setting up of "Rashtriya Kamdhenu Aayog" to upscale sustainable genetic upgradation of cow resources and to enhance production and productivity of cows. The Aayog will also look after effective implementation of laws and welfare schemes for cows.

    16:42 (IST)01 Feb 2019
    Union Budget 2019 Live news and updates: Key things to know about Pradhan Mantri Kisan Samman Nidhi (PM-Kisan)

    The NDA government to transfer direct income support of Rs 6000 per annum for farmers, effective 01.12.2018. The central government in its budget 2019 says the scheme will benefit 12 crore small and marginal farmer families having cultivable land upto 2 hactres The money will be transferred into the bank accounts in three instalments. First instalments will be paid by March 31st, 2019.

    16:21 (IST)01 Feb 2019
    Union Budget 2019 Live news and updates: Balanced budget, says Ram Vilas Paswan

    Union Minister Ram Vilas Paswan said, "Budget is a very balanced one which will benefit the economy as a whole while ensuring that the Gaon, Gareeb and Kisan get their due share."

    16:14 (IST)01 Feb 2019
    Union Budget 2019 Live news and updates: West Bengal CM Mamata Banerjee attacks Modi government

    "This government 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," West Bengal Chief Minister Mamata Banerjee flays Modi government.

    16:03 (IST)01 Feb 2019
    Union Budget 2019 Live news and updates: Expectations and outcome

    “Though there were mixed expectations from interim budget 2019 from an indirect tax perspective, it was bewildering that no indirect tax changes have been proposed. There was an expectation that there could be changes to incentivize domestic manufacturing in industries like electronics, pharma, paper etc., but no change being proposed from indirect tax is a complete surprise and quite unexpected. Considerable modifications to promote manufacturing electric vehicles and batteries for electric vehicle / mobile phones were introduced couple of days ago which also raised questions as to why they were timed so close to the Budget but not during the budget itself. In terms of the Finance Minister’s budget speech today where he mentioned ten visions including digital India and make in India, one could expect rationalization of indirect taxestowards attaining and accomplishing these goals,” said Saloni Roy, Partner, Deloitte India.

    15:59 (IST)01 Feb 2019
    Union Budget 2019 Live news and updates: Section 80C of I-T Act, Income Tax for senior citizen explained

    "In the interim budget FM has given relief to small income earners including salaried, pensioners and senior citizens by introducing a tax rebate for individuals having taxable income of upto INR 5 lakhs. Currently taxable income of INR 5 lacs attracts tax of INR 13,000 (including health and education cess) which will become Nil now.Individuals with gross income upto INR 6.5 lacs will not need to pay any tax now, if they make tax saving investments of INR 1.5 lac under Section 80C of the Act. However, very senior citizens (aged 80 years and above) are not impacted by this change as their total income upto INR 5 lac was anyway not subject to tax," Divya Baweja, Partner, Deloitte India said.

    15:58 (IST)01 Feb 2019
    Union Budget 2019 Live news and updates: Income Tax explained

    "A welcome change introduced by the FM in his Budget speech for individuals owning more than one house property by exempting notional rent of second property from tax. Currently notional rent is taxable in case the property owner has more than one house. However, the aggregate amount deduction towards interest paid on capital borrowed will be restricted to INR 2 lakh for both the properties," says Divya Baweja, Partner, Deloitte India.

    15:47 (IST)01 Feb 2019
    Union Budget 2019 Live news and updates: PM Modi hails middle class, salaried class

    "It's generosity and honesty of middle class and upper middle class which provides tax to the nation through which schemes are formulated&there is welfare of poor. There was always the demand to exempt those, with annual income upto Rs 5 Lakh, from taxation. Our govt fulfilled this. From middle class to labourers, from farmers’ growth to the development of businessmen, from manufacturing to MSME sector, from growth of the economy to development of New India, everyone has been taken care of in this interim budget," says PM Modi.

    15:42 (IST)01 Feb 2019
    Union Budget 2019 Live news and updates: 12 crore farmers, 3 crore middle class to benefit, says PM Modi

    Praising the Union Budget 2019 and announcement made by Finance Minister Piyush Goyal in the Budget speech 2019, Prime Minister Narendra Modi said over 12 crore farmers and more than 3 crore middle-class will benefit from Budget 2019.

    15:35 (IST)01 Feb 2019
    Union Budget 2019 Live news and updates: PM Modi speaks

    "From middle class to labourers, from farmers’ growth to the development of businessmen, from manufacturing to MSME sector, from growth of the economy to development of New India, everyone has been taken care of in this interim budget. This is an Interim Budget. This is just a trailer of the budget which, after elections, will take India on the path to development," says PM Modi.

    15:27 (IST)01 Feb 2019
    Union Budget 2019 Live news and updates: GST, Income Tax reforms

    "From an indirect tax perspective, the budget speech has touched upon the indirect tax reforms in the last four years, GST implementation in particular. This budget has however put more money in the hands of the citizens through increase in the income tax exemption limit to 5 lacs, INR 6000 p.a. direct credit to farmers, interest subvention, etc. This could lead to increased spending resulting in demand generation and in the process lead to increase in GST revenues as well," says R Muralidharan, Senior Director Deloitte India

    15:26 (IST)01 Feb 2019
    Union Budget 2019 Live news and updates: Decoding budget for you

    "Following the Direct Benefit Transfer Scheme based on the Jan Dhan Accounts, the FM now announces sops for marginalized farmers by providing Rs 6,000 p.a. for each (to be paid in 3 equal installments in a financial year). In terms of retiral benefits for unorganized sector, PMSYM yojna has been introduced to provide monthly pension of Rs 3,000 with contribution of Rs 100 per month for workers after 60 years of age. This is in addition to social benefits that have been provided in terms of self employment schemes, sanitation, health schemes, digitalisation of the rural sector, benefits targeted at women like cooking gas connection, etc.The larger population being in the rural and unorganised sector, these schemes will help provide a boost to the most disadvantaged," says Tapti Ghosh, Partner Deloitte India.

    14:41 (IST)01 Feb 2019
    Union Budget 2019 Live news and updates: Expert opinion on Income Tax change

    No tax upto total taxable Income of 5Lakh is in the form of rebate under section 87A which means It will be available to only those Individuals whose Total Taxable Income is less than or equal to 5 Lakh (after availing all available deductions). There is no change in Tax slabs and there is no exemption to those Individuals whose total Taxable Income (after all deductions) is more than 5Lakh. It’s more or less on expected lines. Budget with stimulus packages/schemes for farmers, middle class and unorganised sector workers. To my understanding, it’s a fair budget within the fiscal boundaries. Fiscal Deficit has not been compromised too much, says Sameer Gogia, Director, Deloitte.

    14:28 (IST)01 Feb 2019
    Union Budget 2019 Live: Amit Shah hails pro-farmers move

    "The budget has met the expectations of farmers, labourers and middle class. By bearing a cost of Rs 75,000 crore, the govt will implement Pradhan Mantri Kisan Samman Nidhi scheme. This scheme will also benefit those farmers who do not take loans," said BJP Chief Amit Shah.

    14:23 (IST)01 Feb 2019
    Union Budget 2019 Live news and updates: FM Piyush Goyal speaks

    "Those sitting in AC rooms cannot understand the plight of the small farmers. Keeping this in mind, we have introduced Pradhan Mantri Kisan Samman Nidhi scheme. This is a historic decision," FM Piyush Goyal said.

    14:21 (IST)01 Feb 2019
    Union Budget 2019: Expert opinion

    "Infrastructure continues to be the critical backbone which will help deliver on various social and economic objectives. The growing emphasis on Ease of Living will require wide ranging urban infrastructure to address issues like housing and transport, as also air quality and accessibility. Rural industrialization is key to linking farm sector with industry, and will need logistics infra to be significantly upgraded. The budget will not be able to continue to fund all of these, too far in the future. Going forward, it will be important to take measures to improve the country's credit rating, and attract more long term foreign capital into infrastructure," Manish Agarwal, Partner & Leader - Infrastructure, PwC India said.

    14:09 (IST)01 Feb 2019
    Union Budget 2019: A brief analysis

    This is a budget as good as election year budgets go. This is predictably a give-away budget. The FM has given away in both hands -- on expenditure side and on the taxation side. The aim is to target specific groups of voters, namely farmers and middle class tax-payers who are electorally significant.

    To the farmers the give-away is on the expenditure side. Rs 20,000 criteria for Kisan Sanman Nidhi this year and Rs 75,000 crore next year. The money is allocated to pay each farmer with a holding of less than 2 hectares Rs6,000 criteria a year as income supplement.For middle class tax-payers, including salaried, the give-away is of about Rs 25,000 core but in income tax sops.Overall this budget is a give-away of Rs 1 lakh crore to various sections of electorates. In the 12 pre-election Interim Budgets in the past, the outgoing government didn't touch the taxation side of the budget. This one is different in that sense. Otherwise, like in the past, this Interim Budget is rich in political rhetorics, in advertising the so-called achievements and in making lofty promises for the distant future. This Interim Budget is more about politics than economics. A Government facing voters in three months has predictably sought to manage politics than to address the economic challenges facing India.

    For the working class, the Interim Budget of course has no answer to the central challenge of joblessness facing them. There is, however, tokenism aimed at winning their backing in hustings. The ambitious Pension Scheme, bill as potentially the world's largest, is supposed to benefit 10 crore unorganised sector workers with a pension of Rs 3000 a month. But the scheme is not backed up by fund allocation. Rs 500 crore is no more than a token, policy analyst Priya Ranjan Dash told Financial Express Online

    14:01 (IST)01 Feb 2019
    Union Budget 2019: Cogress rejects, BJP hails PM Modi

    Union Home Minister Rajnath Singh said that Union Budget 2019 is a historic budget, and all the sections of the society will benefit from it. Union Minister Radha Mohan Singh said that the central government has also issued guidelines for Pradhan Mantri Kisan Samman Nidhi scheme. In 2018-19 financial year, for months before March, Rs 2000 will be transferred to farmers' accounts, and in the financial year 2019-20 farmers will get Rs 6000. I congratulate Prime Minister Narendra Modi and Finance Minister Piyush Goyal for giving the Nation a holistic budget benefiting farmers, poor and middle class and giving thrust to Digital India, Infrastructure and Defence, said Defence Minister Nirmala Sitharaman

    However, Congress MP Shashi Tharoor said that the whole exercise has turned out to be a damn squib. "We have 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?," wondered Tharoor.

    13:41 (IST)01 Feb 2019
    Budget 2019: Modi govt woos the Aam Aadmi

    For the middle class which bore the onslaught of high petrol and diesel prices, even as the government earned from high excise duties, the Modi government has offered them major relief in the form of higher Income Tax concessions. There is a complete tax rebate proposed for individuals with income up to Rs 5 lakh, up from Rs 2.5 lakh earlier. Standard deduction is also up from Rs 40,000 to Rs 50,000. These measures directly impact the Aam Aadmi - the salaried taxpayer -- who had been hoping for some relief from the government. Moreover, these measures could end up consolidating BJP's voter base which had grown disgruntled with the Modi government. These populist measures could help bring back such voters back into the BJP's fold.

    13:40 (IST)01 Feb 2019
    Budget 2019 highlights: Big move to consolidate BJP vote base

    The Union Budget presented by acting Finance Minister Piyush Goyal has been dismissed by the Congress as the BJP's election manifesto. Armed with the most populist of measures, perhaps the biggest ever seen in any interim Budget, the BJP has offered something for everyone. From farmers to the salaried class individual taxpayers, the Budget seeks to bring back into its fold those who had grown disgruntled with the government.

    13:34 (IST)01 Feb 2019
    Union Budget 2019 explained

    "Tax withholding limits enhanced. Interest from bank accounts will be subject to TDS only beyond INR 40000 as against current 10000. House rentals being subject to TDS beyond 180000 now will be subject to TDS beyond 240000. This is not an across the board benefit. The benefit is available only where the taxable income is upto 5 lakhs This is not an across the board benefit. The benefit is available only where the taxable income is upto 5 lakhs. This will benefit individuals with taxable income of 3.5 lakhs by 2600 and taxable income of 5 lakhs by 13000. The increase in standard deduction from 40000 to 50000 will provide a benefit ranging from 2080 to 3588 depending on income levels," Saraswathi Kasturirangan, partner, Deloitte said.

    13:31 (IST)01 Feb 2019
    Union Budget 2019 Live: Account for votes, says P Chidambaram

    Former Finance Minister P Chidambaram has taken a dig at the Narendra Modi government by terming the Union Budget 2019 as an "account for votes" and not a "vote on account". The senior Congress leader claimed that the government had missed the fiscal deficit target.

    13:22 (IST)01 Feb 2019
    Budget 2019 Live news and updates: Good scheme, surprising move

    Pawan Goenka while speaking to a TV news channel said a lot of things have been announced in Budget 2019. Goenka termed the pension scheme for unorganised workers as a very good scheme and the income tax exemption as surprising one.

    13:15 (IST)01 Feb 2019
    Union Budget 2019 Live news and updates: Game-changer by Modi government?

    By offering heavy tax rebates to middle class, Finance Minister Piyush Goyal has addressed a major concern from a very important constituency of supporters of Prime Minister Narendre Modi. The middle class anger was visible in the results of the recent elections to three hindi-heartland states. Apart from addressing voter angst, these rebates will also boost voters' confidence in the Narendra Modi government.

    12:52 (IST)01 Feb 2019
    Live Budget 2019, Union Budget 2019 Live Income tax slab: Union minister Suresh Prabhu tweets about Budget -

    Live Budget 2019, Union Budget 2019 Live Income tax slab: Union minister Suresh Prabhu tweets about Budget -

    Indeed a budget for the people, of the people!Focusing on the 3 main components of our glorious nation - people, progress & prosperity. This budget will move us towards #NewIndia by 2022. We shall celebrate 75 yrs of our Independence with our heads held high! 


    12:48 (IST)01 Feb 2019
    Live Budget 2019, Union Budget 2019 Live Income tax slab: Union Minister Nitin Gadkari tweets

    Live Budget 2019, Union Budget 2019 Live Income tax slab: Union Minister Nitin Gadkari tweets: Heartiest congratulations to Hon'ble PM Sri @narendramodi ji, Sri @arunjaitley ji and @PiyushGoyal ji. This budget is for the welfare of every section of the society as per our mission of 'Sabka Saath Sabka Vikas'. 


    12:44 (IST)01 Feb 2019
    Live Budget 2019, Union Budget 2019 Live news Income tax slab: FM Piyush Goyal concludes his Budget speech in Lok Sabha

    Live Budget 2019, Union Budget 2019 Live news Income tax slab: FM Piyush Goyal concludes his Budget speech in Lok Sabha. he has announced big schemes for farmers, women, unorganized workers. His biggest announcement was changes in income tax slabs seen as a huge relief for the middle class and salaried people.

    12:42 (IST)01 Feb 2019
    Live Budget 2019, Union Budget 2019 Live news Income tax slab: Individuals with income up to Rs 5 lakh will not have to pay any income tax, says FM

    Live Budget 2019, Union Budget 2019 Live news Income tax slab: Middle-class and salaried Individuals with income up to Rs 5 lakh have got a big relief in income tax. They will not have to pay any income tax, says FM Piyush Goyal.

    12:37 (IST)01 Feb 2019
    Live Budget 2019, Union Budget 2019 Live news Income tax slab: 'Income upto 6.5 lakh rupees will not need to pay any tax if...'

    Live Budget 2019, Union Budget 2019 Live news Income tax slab: FM Piyush Goyal says, 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. 


    Observers are expecting Budget 2019 to be presented keeping in mind the Lok Sabha elections 2019. In recent times, the opposition alleged that not enough jobs have been created and that there is farmers' unrest in the country. The Modi government will look to address the issues in the Budget 2019. The whole world will be eagerly looking at the budget of one of the fastest growing economies in the world. The Budget 2019 will be the Modi government's perfect opportunity to showcase its development agenda the world and woo the voters ahead of the Lok Sabha 2019.