NEW DELHI: Cabinet approves Interim Budget for 2019-20. Fiscal deficit will be 3.4 per cent of GDP; Current Account Deficit to be 2.5 per cent of GDP.
Current Account Deficit likely to be 2.5 pc of GDP this Year said FM. India attracted USD 239 bn in FDI in last five years said FM.
If we had not controlled inflation our families would Have been spending 35-40 per cent more on daily use items said FM.
NDA Govt contained double digit inflation; Govt has Broken the back of high inflation said FM.
India has been recognised as brightest spot in the world In last 5 years said FM.
India is fastest growing major economy in world; GDP Growth in last 5 yrs higher than under any previous Govt said FM.
We have got decisive mandate to continue structured Reforms. We have reversed policy paralysis said FM.
We are moving towards realising New India by 2022 said FM. Earlier, FM Piyush Goyal begins interim budget speech, wishes0 Union Minister Arun Jaitley speedy recovery and good health.
Finance Minister Piyush Goyal rises to present Interim0 Budget for 2019-20. We have run a corruption-free government said FM.
Insolvency and Bankruptcy Code helping in recovery of0 Non-performing loans. Even big businessmen are now worried about loans said FM. BoI, OBC and Bank of Maharashtra have been removed from the PCA framework of RBI said FM.
Rs 3 lakh cr recovered from big corporate loan Defaulters said FM. Our Govt had the guts to ask RBI to look at bad loans and Present correct picture to nation said FM. (agencies)
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