Budget 2020: FM Nirmala Sitharaman leaves for Parliament with ‘Bahi Khata’
Finance minister Nirmala Sitharaman arrives at the ministry of finance with her team ahead of the union budget.
FM Sitharaman will present her second Union Budget today. Sitharaman again continues with ‘Bahi-Khata’ (ledger wrapped in a red-colored cloth).
Nirmala Sitharaman will proceed to the Parliament House to attend the Cabinet meeting. She will present the full-year budget for the year ending March 2021.
In her Budget speech, Finance Minister Nirmala Sitharaman claimed that previous governments were unable to ensure that all the benefits of government policies made it to the public on ground.
Without naming Rajiv Gandhi, Sitharaman said that a former Prime Minister had said that when they spend Rs 1, only 15 paise reaches to the people on ground.
Sitharaman said that her government has ensured “Sabka Sath, Sabka Vikas.”
A huge pressure will be on the NDA govt and FM Sitharaman as India is facing its worst economic slowdown in a decade.
The budget is coming just a day after the Modi government 2.0 tabled economic survey 2019-2020 which predicted the country’s economy to grow at a rate of 6-6.5% in the financial year 20-21.