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Budget 2019: Golden jubilee year for banks; budget should bring this revolutionary change

29-Jun-2019Charan Singh

Union Budget 2019 India: It is after a long time that India has a Union Finance Minister who is a trained economist and has been in public service.

It is after a long time that India has a Union Finance Minister who is a trained economist and has been in public service. Ms. Nirmala Sitharaman, has worked hard to reach the top job in finance in India. In her arduous journey she has gained experience in diverse fields which is expected to reflect in her maiden Union Budget of July 2019. Union Budget is an annual statement of the Government, not just of accounts but more on the economic policy that shall be pursued in India, at least for the next year.

And given the fact that there is continuity of the same Government, the policy shift is not expected but the Budget of July 2019 may set the foundation for fiscal policy for the next five years. As the Government has come back with a thumping majority and wider-spread support, expectations are genuinely high.

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