As India awaits with anticipation for Modi Government's last full-fledged Union Budget, we bring you details on when and where you can watch it.
Finance Minister Arun Jaitley will present the Union Budget 2018-19 at 11 am on Thursday (February 1) during the Budget Session of the Parliament.
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The Budget speech will be telecasted live across news channels in India. Viewers can watch the LIVE telecast of the Union Budget 2018-19 on Lok Sabha television from 11 am onwards on Thursday. It can also be seen on the YouTube webcast of Rajya Sabha TV.
The budget this year will be arguably one of toughest ones yet as it seeks to address agriculture distress, create jobs and boost growth while at the same time stick to fiscal prudence.
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The Budget, in view of upcoming assembly polls in eight states - including three major states ruled by the BJP - and general elections next year, may see new rural schemes and step up of funding towards existing programmes like MNREGA, rural housing, irrigation projects and crop insurance.
The Union Budget 2018-19 would be the last full Budget of the BJP-led NDA government before the 2019 general elections.
As per the practice, a vote-on-account or approval for essential government spending for a limited period is taken in the election year and a full-fledged budget presented by the new government.
While P Chidambaram had presented the previous UPA government's vote-on-account in February 2014, Jaitley had presented a full budget in July that year.
The Budget for 2018-19 will be the first budget post implementation of the GST regime.
Even though independent India's biggest tax reform of GST was implemented from July 1, the Budget for 2017-18 (April-March), had followed the practice of tax revenue projections under the heads of customs duty, central excise and service tax alongside direct tax numbers.
With excise duty and service tax being subsumed in the GST, the classifications in the forthcoming budget may undergo change.
While a new classification for revenues to be accrued from GST will be included in the Budget for the next fiscal, for the current year two sets of accounting may be presented one for actual accruals during April-June for excise, customs and service tax, and the other for July-March period for GST and customs duty.