Budget 2019: Key takeaways of Nirmala Sitharaman's maiden budget speech



Finance Minister Nirmala Sitharaman on Friday said that the country is well within its capacity to become a $5 dollar economy in the next five years.

Budget 2019 highlights: Here are the key takeaways from finance minister Nirmala Sitharaman's maiden Budget speech:

 From $1.85 trillion in 2014, the economy has reached $2.7 trillion
We are well within our capacity to reach $5 trillion in the next few years
Economy will grow to become a $3 trillion economy in the current year itself
Between 2014 and 2019, we provided a rejuvenated centre-state dynamics, cooperative federalism, GST council and strident commitment to fiscal discipline
Several reforms would be undertaken to promote rental housing, current rental laws are archaic as they do not address lessor-lessee relationships fairly
Upfront incentives on purchase of electric vehicles, greater emphasis on affordable and eco-friendly public transport
Private players to play a significant role in railways
One Nation One Grid for for affordable power, propose to have gas and water grids also
Listing social enterprises and voluntary organisation a priority so they can raise capital. Read More



Article Source -> Business Standard

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