Budget 2019: The interim Budget was presented in the Lok Sabha on February 1, proposing an array of incentives for both middle class and farmers.
Union Budget 2019: The Supreme Court on Monday dismissed a PIL seeking quashing of the February 1 interim Budget on the alleged ground that there was no constitutional provision for an interim Budget. A bench comprising Chief Justice Ranjan Gogoi and Justice Sanjiv Khanna said it was not inclined to entertain the petition by lawyer Manohar Lal Sharma, filed in his personal capacity. Sharma in his PIL said there was provision for only a full annual Budget and a vote-on-account under the Constitution.
A vote-on-account is an approval taken in an election year for a limited period for government spending; a full-fledged budget is presented later by the newly elected government. The interim Budget was presented in the Lok Sabha on February 1, proposing an array of incentives for both middle class and farmers.
The 2019 Lok Sabha elections are scheduled to take place within a few months. In December last year, the top court imposed a cost of Rs 50,000 on Sharma for filing a public interest litigation against Finance Minister Arun Jaitley over an issue related to the Reserve Bank of India’s capital reserve.