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What can be expected from this budget session?

  • Devvrat Mainhallikar
  • January 31, 2019
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Modi Sarkar is ready to present the final budget ahead of the elections. Let’s see what they have in store for the “Aam Aadmi”!

The Budget session was kicked off with President Ramnath Kovind addressing both houses of Parliament. The BJP-led NDA is presenting its last Budget tomorrow, ahead of the upcoming Lok Sabha elections

Middle Class-Salaried persons can expect a few things from Union Budget 2019 including perks for MSMEs and gift of new jobs

1. Perks for MSMEs: Budget can do Small Medium Enterprises (SMEs) a big favour. The government was focused on MSMEs since the introduction of GST. Finance Minister had recently said that MSME sector is the backbone of Indian economy. He also mentioned that this sector leads the ongoing economical phase. New set of guidelines for debt restructuring of MSMEs were issued by RBI. ICRA estimated that loans up to Rs 10,000 crore to MSMEs will be disciplined. The budget can bring perks for MSMEs.

2. New Jobs: Government has recently reiterated the will to create new jobs. MSMEs generate employment that’s why focusing on MSMEs can create new jobs. PM mentioned that positive measures are being taken for boosting employment in India. Something which will create jobs furthermore.

3. Relief to Farmers: Though Finance Minister firmly believes that farmer loan waiver is not a permanent solution, there are expectations that it might just happen. Reducing insurance premium and income support are other possibilities. The government is expected to take all measures possible to win back the country’s farmers.

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