Wednesday, 1 February 2017

Jaitley begins presenting his fourth national budget

Union Finance Minister Arun Jaitley began presenting India's national budget in the Lok Sabha on Wednesday amid hopes that the proposals will help revive a slowing economy, hit further by demonetisation of high value currency. This is his fourth budget as Finance Minister. "Inflation has been controlled, low growth has been replaced with high growth, and a massive war against black money has been launched," the Finance Minister said in his opening remarks, adding there will be a sure recovery of the economy in the next fiscal. 

Just ahead of the presentation, a meeting of the Cabinet presided over by Prime Minister Narendra Modi, gave its consent to the proposals. Prior to that, the top brass of the Finance Ministry, led by Jaitley met with President Pranab Mukherjee for his approval.

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