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LATEST NEWS UPDATES | Modi II, Budget I: Come July 5, eyes on plan to revive growth -Aanchal Magazine & Anil Sasi

Modi II, Budget I: Come July 5, eyes on plan to revive growth -Aanchal Magazine & Anil Sasi

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published Published on Jun 30, 2019   modified Modified on Jun 30, 2019
-The Indian Express

Union Budget 2019 Date, 5 July 2019: Expected to outline the economic trajectory of the new NDA govt, the Budget, come July 5, will be watched as much for any big ideas to kickstart growth as the government’s patchy record on fiscal prudence. The Indian Express does the maths

Union Budget 2019 Date: On February 28, 2015, at the customary post-Budget press conference, then finance minister Arun Jaitley, who had presented his second Budget, was asked why his Budget lacked even a single big-bang idea. Jaitley was ready for that question. “Many people have told me that you must have a big-bang idea, and I have asked them to suggest one,” he countered. “Give me one big idea that isn’t there.” His questioner was effectively disarmed; no suggestion was offered.

The question over the uninspiring Budget was prompted by the circumstances of that time: it came in the backdrop of a macroeconomic environment that was dramatically on the mend, markedly improved investment sentiment and a sharp turnaround in the global headwinds. So much so that that year’s Economic Survey, the government’s report card tabled in Parliament a day before the Budget, proclaimed that “India has reached a sweet spot — rare in the history of nations — in which it could finally be launched on a double-digit, medium-term growth trajectory”.

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The Indian Express, 30 June, 2019, https://indianexpress.com/article/india/union-budget-july-5-narendra-modi-finance-minister-nirmala-sitharaman-5806837/


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