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C'\ Jc Uzcvte RZU E` D^R]] Wrc^Vcd 6]Vtez` 3Fuxve - . G+# */& H# $ & H# H &(!)& *+,- #$0'0#'1 &#(/ * "$#2 -!!- 3 !+I +1 +- J -0+100-0 ! " # ""#$!#% %#%#% +!00+!0 N3-0+O+-00<+-,! 10-E ! #&#%%# %42&&' B4 K0 $0 #*# $. /./0*12 *,3 "#$ "%#&#'$#(() Government has also tried to Narendra Modi said the Family members may bring scheme will result in the dation roadmap of bringing it prepare a narrative that could Interim Budget was merely a down the landholding to avail Government breaching its 3.3 down to 3.1 per cent in 2019- ith an eye on the forth- be used to silence the “trailer” of what will guide of the benefits, affecting the per cent fiscal deficit target 20 and 3 per cent in 2020-21. Wcoming Lok Sabha Opposition and help the BJP in India towards prosperity after farm earning. from the current year. “We would have main- elections, Finance Minister convincing the voters that the the Lok Sabha polls, Congress The stock market gave the The populist measure will tained fiscal deficit at 3.3 per Piyush Goyal on Friday promise of “achchhe din” may president Rahul Gandhi said Budget the thumbs up with have far reaching impact on the cent for the year 2018-19 and offered a bouquet of relief to become a reality if Prime that the Government was giv- consumption, agriculture, and Government fiscal consolida- taken further steps to consoli- farmers, taxpayers, unor- Minister Narendra Modi gets a ing 17 a day to farmers after auto stocks stealing the show, tion target. For the next fiscal date fiscal deficit in the year ganised sector work- second term in office. “destroying” their lives in last but banking stocks remained also, Goyal pegged the fiscal 2019-20. However, considering ers, and real estate As expected the five years. depressed with the announce- deficit at 3.4 per cent of the the need for income support to developers. In the Government has kept its focus The sops offered by the ment that farm income support GDP, up from fiscal consoli- farmers, we have provided process, he slipped on large chunk of voting com- Government will undoubtedly 20,000 crore in 2018-19 RE on the fiscal munity — farmers, taxpayers, help it in the elections, but their (Revised Estimate) and 75,000 deficit target, and housing sectors that pro- implementation will be an crore in 2019-20. If we exclude raising concerns vides employment to millions arduous exercise. In a country this, the fiscal deficit would from various of laborers. The promise of with no reliable job data in the have been less than 3.3 per cent rating and bro- pension to workers of unor- unorganised sector, how the for 2018-19 and less than 3.1 kerage agen- ganised sectors is also seen as beneficiates will be identified is per cent for the year 2019-20,” cies. major decision that could be a million dollar question. !,!0 way for revenue spending,” he said. The thrust turned into a “catch line” to For example, whether a Crisil said in a note on Friday. With farming communi- of the Budget is woo the poor. rickshaw-puller earns 15,000 ating agencies led by Crisil Meanwhile, it’s peer Icra ty up in arms against the on wooing The Budget exempted peo- or 20,000 a month is not eas- Rhave raised concerns over termed the “sharp rise” in rev- Government, Goyal both urban and ple with an earning of up to 5 ily verifiable. In most cases, the the curtailed capital spending enue deficit a “concern”. announced an direct income rural voters who lakh from payment of income Government may not have any to cap fiscal deficit at 3.5 per Terming the inability to support scheme for 12 crore rejected the BJP in tax and offered an annual cash option but to either go by self cent for FY18, and have warned meet fiscal deficit target for small and marginal farmers the recent Assembly dole-out of 6,000 to small claim or determine an earnings the higher target for next fiscal four consecutive years as a big by providing 6,000 in their elections of Madhya farmers while unveiling a estimate in various sectors. will delay the fiscal consolida- “credit negative” for the sover- bank accounts in three equal Pradesh, Chhattisgarh scheme to provide a monthly Similarly, the identifica- tion process by three years. eign, global rating agency installments in a year. This is and Rajasthan. By pension of 3,000 to workers in tion of farmers with up to two “It is the productive spend- Moody’s doubted if the coun- estimated to cost 75,000 making a big pop- the unorganised sector. hectare holding is also not ing in the economy that has try will meet even the 3.4 per- crore annually to the ulist push, the While Prime Minister going to be an easy exercise. seen a compromise, making cent fiscal gap target for FY20. Government. # #$ 7 *###* * @&2 #*## $ # * #/O $ * & # / # !$ E:% $## #! * # 2 # /$* E$!% A # % #*# # / % # # " crore extra has been provided $D8 " $ B%888 % for the scheme in the revised 0 B #" 3 + %##*## * * 488 n a move to provide an estimate for the current fiscal. # ##$ A # $ 0 %/ Iassured income to the small The Finance Minister said, *# $ @8 and marginal farmers, the “This initiative will benefit 12 7 * $ #43 + 0## Modi Government on Friday crore small and marginal farm- $ ! ! $ * + ##*48 announced a slew of measures, ers, at an estimated cost of including direct income sup- 75,000 crore.” # 2C%4@@ / $ 98%88828%888 3 ! $ 74 &! port of 6,000 per year. The Finance Minister said, E$! * Presenting the Interim “This programme will be fund- 3 # * * #F *$$ Budget for 2019-20, acting ed by the Government of India. 48#/B8#/ 3 +$ ## $ Finance Minister Piyush Goyal The programme would be + ## - 3/ #! said under the Pradhan Mantri made effective from December # % 528 & Kisan Samman Nidhi (PM- 1, 2018 and the first installment ! 4&C#/ # ## 7&9#/ # * $$ KISAN), 6,000 annual sup- for the period up to March 31, + ## + B&9 port will be provided to farm- 2019 would be paid during this ers with land holding of two year itself.” "# hectare or five acre. Union Agriculture The new scheme will be Minister Radha Mohan Singh implemented from December hailed the Budget and termed 1, 2018 and the amount will be its historic one for farmers. paid in three installments of The assured income sup- 2000 (every four months) port is seen as an attempt to # age pension and other pen- encouraging, he said. through direct benefit transfer. assuage the farming commu- sions, have not been revised at However, Patnaik wel- As many as 12 crore small and nity’s discontent ahead of the *+*, all. The State is covering 48 comed the Income Tax benefits marginal farmers are expected general elections. The direct lakh beneficiaries with 500 planned for middle and lower to benefit from the scheme. cash transfer was one of the ,0 0- per month while Centre is giv- income groups and direct ben- Farmers who are sowing rabi highly anticipated and talked " ism that this government ing 200 per month for 20 lakh efit transfer proposed for small crops during the ongoing rabi about schemes in the interim seems to pride itself on. But hief Minister Naveen beneficiaries only, he said. and marginal famers on lines of season will be benefitted from Budget 2019. iyush Goyal delivered the Narendra Modi was elected on CPatnaik on Friday termed “I am also disappointed his Government’s KALlA the scheme. About 20,000 Phis first budget in the Lok the promise of changing India, the Interim Union Budget as with the allocation for ST and scheme. Sabha, and while it was an delivering growth and jobs “disappointing” and said SC welfare both in infrastruc- He, however, said farmers interim budget, it was that in that the allegedly corrupt UPA Odisha would be hit with ture and education. We have would have been benefitted all but name. With sops and had failed to deliver. He came 26,342 crore due to low been requesting to restore the more if the quantum of assis- allocations increasing, Prime to power promising to break receipts compared to recom- Scholarship Funds for SC stu- tance was equal or more than Minister Narendra Modi’s the hold of Delhi’s power-bro- mendation of the 14 th Finance dents which have not been the KALIA Scheme i.e. 10,000 hand was all over this budget. kers and middlemen and but Commission. done. The allocation for MGN- per year. He said there there is Even with recalculated figures only now, months before elec- “The 14 th Finance REGS is lower than the alloca- nothing for landless poor, that display some growth, evi- tions are these networks being Commission recommended to receive only 1,57,828 crore. tion in the revised estimate. sharecroppers and farmers in dence of that growth is hard to attacked. But most important- total transfer of 1,84,070 crore Thus, the State will be hit with This will adversely affect time- distress. come by. While the govern- ly, Modi had promised to mod- to Odisha during the award a shortfall of 26,342 crore,” ly wage payments,” he said. Commenting that some ment might have disowned ernise India, and on that front period (2015-20). However, said Chief Minister in his The Budget allocations on initiatives taken towards the the joblessness he failed, possibly based on the actual receipts for Budget reaction. rural connectivity, rural hous- MSME sector are encouraging, statistics, it is dif- because he was 2015-18, revised estimates for He expressed deep disap- ing and drinking water have he said they would not suffice ficult for all but taken aback at the 2018-19 and Budget Estimates pointment saying the National been reduced or have remained to meet the needs of employ- those wearing saf- ‘suit-boot’ jibe that for 2019-20, the State is going Social Security Scheme i.e.
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