If these heavy words are giving you a headache this Friday, fear not as we bring you 'Budget Buzz' in which we try to bring you the lighter side of Budget 2019. Humorous stories from the streets of India, budget trivia, funny, real-time reactions of young and old Indians on social media and much more, it's all here on Budget Buzz!
In its second Union budget, the Narendra Modi-led government seems to have left no stones unturned in wooing the people of India, be it the call for women empowerment through "Nari tu Narayani" or the promise to elevate India out of its water crisis by 2024 under "Har Ghar Pani".
Nirmala Sitharaman in her maiden budget proposed a Rs 1.5 lakh income tax deduction on Electric Vehicles loans. No change was suggested on the income tax for taxpayers with an income up to Rs 5 lakh.
In her maiden budget speech, Finance Minister Nirmala Sitharaman resorted to Swami Vivekananda's words to describe the role of women in Indian politics. She said, "it is not possible for a bird to fly on one wing."
While the nation is glued to their TV screens, watching the #Budget2019 speech live, some like this adorable 'Dadi' go about their daily work despite their excitement.
Anand Mahindra wishes Nirmala Sitharaman luck as she starts her maiden Budget speech
The cloth folder is meant to symbolise a ledger or bahi-khata and the office of the Fin Min said it is closer to Indian tradition than the briefcase, which was a mark of "slavery".
Sitharaman's maiden Budget may give relief to the common man by raising personal income tax exemption for certain categories while at the same time, upping spending on agriculture, healthcare and social sectors.
Nirmala Sitharaman is the first full-time woman Finance Minister of India. Earlier Indira Gandhi had held Finance as an additional portfolio briefly. #BudgetWithNews18 #BudgetTrivia pic.twitter.com/tfjzuP6f3W— News18 (@CNNnews18) July 5, 2019
Finance Minister Nirmala Sitharaman seems to have broken from tradition on her maiden budget. On Friday, she spotted holding a red parcel-like bag with a keyhole on the emblem instead of the usual brown Budget suitcase. Papers will be presented at 11 am.
Finance Minister Nirmala Sitharaman, MoS Finance Anurag Thakur, Finance Secretary S C Garg, Chief Economic Advisor Krishnamurthy Subramanian and other officials outside Finance Ministry. #Budget2019 to be presented at 11 am in Lok Sabha today pic.twitter.com/oCyrMSNg7N— ANI (@ANI) July 5, 2019
Would levying 'inheritance tax' be a good idea in India? Netizens divided.
#India's so-called 'Right' wants Inheritance Tax back to screw children of parents who toiled, paid taxes, took no help from Govt, and saved to ensure their children had a better life than them. Our Socialist 'Right' would make Picketty proud. #Budget— Kanchan Gupta (@KanchanGupta) July 4, 2019
Inheritance Tax is a
The Economic Survey 2018-19 was released on Thursday and made several suggestions on reducing tax evasion. The document listed out methods such as linking religion to tax evasion, rewarding top taxpayers by naming roads, building and trains after them, and expediting boarding privileges at airports, fast-lane privileges on roads and toll booths, special “diplomatic” type lanes at immigration, among others. Several people have reacted with laughs to the previously unheard of suggestions.
The Economic Survey is big on "behaviour change"— Suvojit (@suvojitc) July 4, 2019
Budget Buzz | Image credit: Reuters
14 Jul, 2019 | Zimbabwe in Ireland IRE vs ZIM 171/920.0 overs 172/216.4 oversZimbabwe beat Ireland by 8 wickets
14 Jul, 2019 | ICC Cricket World Cup NZ vs ENG 241/850.0 overs 241/1050.0 oversNew Zealand tied with England (England win Super Over by boundaries)
12 Jul, 2019 | Zimbabwe in Ireland ZIM vs IRE 132/813.0 overs 134/110.5 oversIreland beat Zimbabwe by 9 wickets (D/L method)
11 Jul, 2019 | ICC Cricket World Cup AUS vs ENG 223/1049.0 overs 226/232.1 oversEngland beat Australia by 8 wickets
09 Jul, 2019 | ICC Cricket World Cup NZ vs IND 239/850.0 overs 221/1049.3 oversNew Zealand beat India by 18 runs