Union Budget 2019 live: 3% increase in Income tax for those earning Rs 2-5 cr, 7% for income above 5 cr

Expectations are high from the Union Budget 2019, given that PM Modi came back to power following a bigger mandate than his first term. As such, Finance Minister Nirmala Sitharaman will have to do a tough balancing act, as she aims to boost growth.

Finance Minister Nirmala Sitharaman will present her maiden Budget on Friday, becoming only the second woman, after Indira Gandhi, to do so. FM will present the Union Budget 2019 amidst wide expectations given that Prime Minister Narendra Modi came back to power following a bigger mandate than his first term.

Sitharaman's budget team comprises Minister of State for Finance Anurag Singh Thakur and Chief Economic Advisor Krishnamurthy Subramanian. The official team is led by Finance Secretary Subhash Chandra Garg, Expenditure Secretary Girish Chandra Murmu, Revenue Secretary Ajay Bhushan Pandey, DIPAM Secretary Atanu Chakraborty, and Financial Services Secretary Rajiv Kumar.

05 July 2019

15:10 IST

Non Banking Financial Companies(NBFC) are a critical component of our banking system. The Government has adopted a comprehensive approach for NBFC financing

15:00 IST

The emphasis was very clearly on the overall development of economy. We looked at rural initiatives, all of which will give certain dynamic to the rural areas. Similarly, we looked at how urban living can be better, says FM