Monday, June 21, 2021
Home News Reports Budget 2019: What can we expect?

Budget 2019: What can we expect?

Senior BJP leaders have often equated the General Elections in 2019 with the Third Battle of Panipat. From that perspective, it will be safe to assume that there will be at least a few significant announcements in the Budget.

Budget day is finally upon us. And as usual, speculations are running rife regarding what it might entail. Senior BJP leaders have often equated the General Elections in 2019 with the Third Battle of Panipat. From that perspective, it will be safe to assume that there will be at least a few significant announcements in the Budget.

Let us have a look at what we can expect from the Budget.

1. Income Tax exemption slab to be raised to Rs. 5 lakh

There have been reports of middle-class disenchantment with the NDA government. To quell such sentiments and to ensure that the middle-class stays firmly with the BJP, the last budget presented by the Modi government may consider exempting Income Tax on income up to Rs. 5 lakh per annum. Other sops for the middle class is also likely to feature.

2. Populism

A wave of populism has been rising across the country. With Congress President Rahul Gandhi making the promise of a Universal Basic Income for the unemployed, it is to be expected that the BJP will incorporate some extremely populist measures to counter the Mahagathbandhan’s populist tactics. Targeted Basic Income might feature in the budget as one such measure.

3. Sops for farmers

Farmer distress has been a huge issue across the country. The opposition has been trying hard to project the Modi government as anti-farmer. Therefore, it is only natural that the government will take the extra step in its last budget to counter the narrative. Interest free loans, equipment and fertilizer at subsidized rates or even loan waivers may feature in today’s budget.

4. Sops for small businesses

The business-class has always been a core voter-base for the BJP. Of late, accusations have been made that they have suffered a lot due to the implementation of GST and demonetization. Therefore, the MSMEs are likely to be rewarded by the Modi government in their last budget. Lower corporate taxes for them is a strong possibility.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

K Bhattacharjee
Black Coffee Enthusiast. Post Graduate in Psychology. Bengali.

Related Articles

Trending now

Lakshadweep admin refutes PTI report on proposal to shift jurisdiction to Karnataka from Kerala

On Sunday, PTI tweeted that following the protests from Lakshadweep residents, the administration had mooted proposal to shift its legal jurisdiction from Kerala High Court to Karnataka High Court.

Three booked for falsely accusing general secretary of the Ram Temple Trust in a Facebook post in ‘land scam’

Bijnor police chief Dr Dharm Vir Singh said in the statement that the matter is under investigation. However, prima facie the documents provided by the accused have found to be false.

George Soros-funded University awards former Kerala health Minister KK Shailaja for her ‘commitment to public health service’

Former Kerala Minister KK Shailaja, who was dropped from cabinet after lelection, awarded by George Soros-funded University

Gujarat: Cow smugglers kill VHP Gaurakshak Hardik Kansara, nephew of district BJP president, 10 arrested

Ten individuals have been arrested in Gujarat on accusations of murdering Gaurakshak Hardik Kansara in Valsad district.

Coronavirus: Liberal privilege that sank Kerala. Here is what went wrong

The media will choose to wait strategically till it reaches Gujarat, for more effect. And the third wave begins “officially” when the spread reaches Uttar Pradesh. And then, it will all be the fault of “Gaumutra.”

Taliban rule: When Hindus in Afghanistan were forced to carry yellow badges like Jews in Nazi Germany

In a bid to undo years of suffering and persecution, the Indian government had issued long-term visas to 700 Hindus and Sikhs from Afghanistan in July last year.

Recently Popular

OBC benefits for Muslims: How WB Police’s recruitment drive has exposed how parties found a way to make religious reservations

The drive was meant to fill vacancies in the OBC-A category in the state. The list showed that apart from one or two individuals, all of them were Muslims.

Who is Vishal Jood? An Indian national arrested for taking on Khalistani extremists in Australia

Vishal Jood, the 24 yar old from Haryana, has been languishing in a jail in the down in the country for two months now.

Republic TV issues statement over Arnab Goswami’s disappearance from the news network: Here is what they said

Arnab Goswami was last seen on May 2 during a discussion on West Bengal assembly polls. He will make a return on Monday.

Kerala madarsa teacher preaches “kill the ones who leave Islam” while taking online lecture for class 12 students

Kerala madarsa teacher caught encouraging class 12 students to take to violence against those who quits Islam as religion.

BBC removes distorted map of India from Delta variant report after uproar on social media

BBC published wrong map of India while talking about a story on the origin of Delta variant of Chinese coronavirus

Google removes ‘Ghazwa e Hind’ app from play store after uproar

Ghazwa-e-Hind that literally translates to 'holy raid of India', is a common term used by Islamic invaders and terrorists. The term finds its origin in Islamic literature named Hadiths.
- Advertisement -

 

Connect with us

255,564FansLike
554,945FollowersFollow
24,400SubscribersSubscribe