Will be unconstitutional for govt to present full Budget: Yashwant Sinha

Interim Budget 2019:

Former finance minister Yashwant Sinha it would be "entirely improper and unconstitutional" if the Modi government presents a full budget ahead of the Lok Sabha polls, as he asked it to stick to the convention of outgoing dispensations presenting an interim budget.

A strong critic of the BJP-led National Democratic Alliance government, Sinha also accused it of "dressing up" economic figures despite the country facing an "unprecedented" agrarian distress, employment not picking up and the huge non-performing asset (NPA) problem being not tackled the way it should have been.

Interacting with reporters at an event in Indian Women's Press Corps, he said Priyanka Gandhi's entry into active politics will have a positive impact and strengthen the Congress.
Taking a swipe at the government over present economic conditions, he said it would now claim by "tweaking" figures ahead of the general election that "river of milk" is flowing in the country and people were never happier.

Amid speculation that the government may present a full budget on February 1, Sinha said there is no precedence of an outgoing government doing so.


 "It would be entirely improper and unconstitutional on the part of this government to present a full budget," he said, adding that it should neither table the economy survey, which is generally presented a day before the budget is tabled, not present the Finance Bill.

Piyush Goyal back as interim Finance Minister, to present interim Budget

Intrim Budget 2019:

With eight days to go before the Narendra Modi government presents its interim Budget on February 1, the Prime Minister on Wednesday entrusted Railway Minister Piyush Goyal with ministerial portfolios of finance and corporate affairs till Arun Jaitley comes back from the US.

Jaitley underwent a surgery in the US on Tuesday. With doctors having advised him two weeks’ rest, Goyal is set to present the interim Budget — the final Budget of the Modi-led government’s current tenure, which comes less than 90 days before the Lok Sabha polls and could contain key announcements.

According to a Rashtrapati Bhavan communique, issued at 8.55 pm, the President, as advised by the PM, directed that during the period of Jaitley's indisposition, the finance and corporate affairs portfolios, held by him, be temporarily assigned to Goyal. It said Goyal would continue to hold his existing portfolios: Railways and coal.


 The communique stated that Jaitley “be designated as minister without portfolio during the period of his indisposition or till such time he is able to resume his work as minister of finance and minister of corporate affairs.”...Read More