BUDGET 2020 - AB TAK NEWS

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Wednesday, 29 January 2020

BUDGET 2020

Government starts budget preparations, Prime Minister tweets and asks people for suggestions for budget


Prime Minister Narendra Modi has invited views and suggestions from common people for the Union Budget to be presented in Parliament for the coming financial year.

Prime Minister Narendra Modi has invited ideas and suggestions from common people for the Union Budget to be presented in Parliament for the coming financial year. Modi tweeted, "The Union Budget represents the hopes, aspirations of 130 crore Indians and moves India towards development." I invite all of you to share your thoughts and suggestions for this year's budget. "

Significantly, suggestions have been invited on the Citizen Participation Forum about the new budget. The budget session of Parliament is expected to start from January 31 and on February 1, the Modi government will present the first full budget of the second term for the financial year 2020-21. Earlier, Prime Minister Modi met the top 10 businessmen of the country on Monday and discussed other topics including improvement in economy, job creation and growth rate.

Prime Minister Narendra Modi held discussions with economists, experts from various fields and successful young entrepreneurs on Thursday ahead of the upcoming general budget and asked them to work together towards making India a $ 5,000 billion economy. Appreciating the suggestions of experts, the Prime Minister said that he will try to increase coordination between policy makers and various stakeholders. Finance Minister Nirmala Sitharaman was not present in this meeting that lasted for two and a half hours. On which, on Thursday, the Congress said that Nirmala should also be called for the next meeting before the budget.

At the same time, former Congress President Rahul Gandhi also targeted PM Modi through this meeting, tweeting on Friday. Rahul Gandhi said that PM Modi has no interest in the views of farmers, youth, students and women. He wrote in tweeting, 'Modi's' most comprehensive' budget consultation is reserved only for the biggest capitalist friend and the rich. They are not interested in the views or voices of farmers, youth, students, women, government and PSU employees, small traders and middle class taxpayers.

Finance Minister Nirmala Sitharaman did not appear in PM Modi's meeting with economists, Congress raised questions


In the absence of Nirmala Sitharaman, the questions were also answered through the Sitharaman office, where it was informed that the Minister has already consulted in a pre-budget meeting with industrialists and experts. And during the meeting under the leadership of PM Modi, she was meeting with all the party in-charge and spokespersons including the party's national general secretaries and taking suggestions related to the budget.

If the government reduces the limit of buying liquor at duty free shops then 10 thousand jobs can be done

Before the budget, against the Commerce Ministry's recommendation that the quota for the purchase of liquor bottles from duty free shops at airports be reduced - it should be reduced from two bottles to one bottle - private airport operators have opened the front

Protest against the Ministry of Commerce's proposal to reduce the limit of buying liquor at duty free shops at international airports is increasing. On Tuesday, private airports issued a release saying, "If this proposal is implemented, then 8000 to 10000 jobs can go to the airports." Before the budget, against the recommendation of the Commerce Ministry that the quota for the purchase of liquor bottles from duty free shops at airports be reduced - it should be reduced from two bottles to one bottle - private airport operators have opened the front. Secretary-General of the Association of Private Airport Operators, Satyan Nayar told NDTV - If the limit for buying a bottle of liquor is reduced, it will destroy the aviation industry. Due to this, jobs of 8 to 10,000 people can be lost.
All the airports will incur a loss of Rs 650 crore annually. Charges related to the airport will have to increase 200 crores and air tickets will also be expensive. The estimated loss of the Airport Authority of India will be around 330 crores. Actually, this controversy has arisen at a time when Finance Minister Nirmala Sitharaman is busy finalizing the budgetary proposal.


The Association of Private Airport Operators believes that the import of liquor sold in duty free shops costs about 720 crores while India's total import bill is 33.22 lakh crores. That is, the expenditure on import of alcohol is only 0.25% of the total imports.

Private airport operators have already demanded to increase the liquor allowance from the existing 2 liters to 4 liters in the pre-budget memorandum given to the Finance Minister. It is clear that the private airport operators want the Finance Minister to consider increasing liquor allowance in the budget, while the Commerce Ministry is in favor of reducing it. In such a situation, it will not be easy for the Finance Minister to decide on this proposal.

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