Below is the complete speech delivered by Finance Minister Piyush Goyal on February 1, 2019."Madam Speaker,I rise to present the Interim Budget for the year 2019-20. I am deeply conscious of the absence of Shri Arun Jaitley today. I am sure the House joins me in wishing Shri Jaitley speedy recovery, good health and a long life in the service of the nation.Close Madam Speaker, the people of India gave a strong mandate to our Government. Under the visionary leadership of Hon'ble Prime Minister Shri Narendra Modi, we have given the most decisive, stable and clean Government and have undertaken transformational structural reforms. We have reversed the policy paralysis engulfing the nation and have restored the image of the country. The major achievement of this Government was that we strived our utmost to change the mind-set and ignited the self-confidence of the nation. related news Need feel-good factor to revive consumption: Exide Life CIO Shyamsunder Bhat … [Read more...] about Full text of Finance Minister Piyush Goyal’s 2019 Budget speech
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In light of protests against the Citizenship Amendment Bill intensifying in the Northeast, Meghalaya Chief Minister Conrad Sangma announced on January 29 that 10 political parties, including allies of the BJP, have unanimously opposed the bill.Meanwhile, a conglomerate of 64 civil society organisations has called for a statewide 24-hour strike in Manipur on January 30.The contentious bill has the capability of ruining the prospects of the saffron party in the Northeast given the vehement opposition by regional parties, even the BJP’s allies.Close The bill seeks to amend the Citizenship Act, 1955 so as to make illegal immigrants who are Hindus, Sikhs, Buddhists, Jains, Parsis and Christians from Afghanistan, Bangladesh and Pakistan, eligible for Indian citizenship. related news In pics | Massive protests against Citizenship (Amendment) Bill in Northeast, other regions Anti-Citizenship (Amendment) Bill protests: People defy curfew, police open fire in Assam Jharkhand … [Read more...] about Why is BJP firm on Citizenship Amendment Bill despite violent protests and risk of losing Northeast?
If there's one thing that is closest to the Modi government, then it has to be its intent to promote financial inclusion in the country.Soon after coming to power, PM Modi had announced a slew of schemes to make every citizen part of the financial system. Of these, Pradhan Mantri Mudra Yojana (PMMY), or simply Mudra scheme, stands tall and strong.Mudra, a financial institution named Micro Units Development and Refinance Agency, was set up by the government in 2015 to provide finance to non-corporate and non-farm small businesses. The limit to avail loan is up to Rs 10 lakh. Till date, it has disbursed loans to the tune of Rs 6.82 lakh crore.Close In FY19 so far, over Rs 1.54 lakh crore loans have been disbursed. In FY18, the amount stood at Rs 2.46 lakh crore. In its first year, the amount was Rs 1.32 lakh crore. related news Govt nets Rs 939cr from online ads on Google, Facebook in FY19 FinMin may go slow on overseas bonds plan SEBI may tighten buyback norms, cap issue … [Read more...] about Budget 2019 | NPAs under PM Modi’s Mudra scheme jumps 92% in FY18