The Minister was replying to a general discussion on the Union Budget 2019-20
THE Government is committed to the path of fiscal consolidation without compromising on public expenditure, Finance Minister Nirmala Sitharaman told the Lok Sabha on Wednesday. She said that several steps including enhancing investments in infrastructure, liberalisation in the foreign direct investment policy and lowering of corporate tax are being taken to make India a USD 5 trillion economy by 2024-25 as stated by Prime Minister Narendra Modi.
The Minister was replying to a general discussion on the Union Budget 2019-20. Several Opposition parties led by Congress walked out of the House demanding a roll back of cess on petrol and diesel proposed in the Budget and shouting slogans saying it was an anti-people Budget. Besides Congress, DMK, TMC, NC, and NCP walked out during the minister’s reply. Sitharaman did not comment on the hike in petrol and diesel cess proposed in the Budget. Following the decision, the petrol price went up by a minimum of Rs 2.40 per litre and diesel by a minimum of Rs 2.36 per litre.