Piyush Goyal said the Modi government had taken several initiatives in the last four-and-a-half years for the benefit of the poor, farmers and the middle class, and that the Interim Budget was a continuation of that effort.
The Reserve Bank is likely to wait till the post-election budget in June or July, which should provide additional guidance on the medium term outlook and the possibility of a rate cut, said an analyst.
Budget 2019: Indian Express Rural Affairs Editor Harish Damodaran and Consulting Editor Shaji Vikraman take a deep dive and explain fine prints of the Union Budget presented by Finance Minister Piyush Goyal in Lok Sabha today.
Saloni Roy, Senior Director, Deloitte India (Indirect Tax) says that she hopes that India won't raise customs duties in the Vote on Account on February 1 since it would mean taking a more protectionist stance.
Poorva Prakash, Senior Director, Deloitte India, says that the upcoming Vote on Account could give multiple personal tax concessions in order to make it a popular. She explains what can be expected on February 1.
Poorva Prakash, Senior Director, Deloitte India, explains that as a trend Finance Ministers don't make any major personal tax changes in a Vote on Account. However, she expects the Finance Minister to lay a roadmap for tax sops in this.