New Delhi (NVI): Presenting her second Budget in the Parliament today, Union Finance Minister Nirmala Sitharaman today said this budget is “to boost the income and purchasing power of people.” While starting her budget speech, Sitharaman also paid homage to late former finance minister Arun Jaitley and hailed him as “GST architect”.
As the budget unfolds, there are expectations of relief for taxpayers and stimulus package to revive growth. The finance minister listed has three core themes for the Budget — Aspirational India, Economic Development For All and A Caring Society.
During her budget speech, Sitharaman focussed on a 16-point action plan for farmers and education. She said that fundamentals of economy are strong and inflation has been well contained, while banks cleaned up accumulated loans.
She further said during 2014-19, the government brought a paradigm shift in governance. She termed GST as a historic structural reform, saying it integrated the country economically.
Apart from this, the Budget will also highlight the initiatives taken by the government to revive the MSME sector.
