Union Budget 2019-20: Important Highlights

July 5, 2019 Share Like Labels: ba

Dear Aspirants,

Union Budget 2019-20

The highlights of Union Budget 2019 is very significant from the examination point of view. Questions from Union Budget are being asked in the general awareness section of almost all the examinations from the past couple of years.

Finance Minister Nirmala Sitharaman presented the maiden budget of Narendra Modi 2.0 government in Lok Sabha. It is a tight rope walk for India’s first full-time woman Finance Minister who has to contain the fiscal deficit target, and lay the roadmap for the ambitious $5-trillion-dollar economy dream of Prime Minister.

Important highlights of Union Budget 2019-20:

Average amount spent on food security approximately doubled in 2014-19, number of patents tripled in 2017-18. “Mazboot desh ke liye mazboot nagrik.”

“Our economy was at approx $1.85 trillion in 2014, within 5 years, it has reached $2.7 trillion.” She says it is iwell within the government’s capacity to reach the $5-trillion-economy target.

Indian economy will become $3 trillion economy in this year itself. It is now 5th largest in the world and in purchasing power parity terms, it is the third-largest, behind only U.S. and China.”

The Finance Minister also mentions the virtuous cycle, as suggested by the Economic Survey. She then goes on to cite the government’s transport infrastructure schemes such as Sagar Mala, UDAN etc.

The Minister proposes ₹50 lakh crore investment for Railway infrastructure, using public-private partnerships.

Government will do a restructuring of the national highway programme. In the second phase of Bharat Mala, States will be helped to develop State highways.

The government envisions using rivers for cargo transport.