Budget 2019

Budget 2019: Wooing speculative finance

Print edition : August 02, 2019

Finance Minister Nirmala Sitharaman and Anurag Thakur, Minister of State for Finance, leave North Block to present Budget 2019, on July 5. Photo: Ravi Choudhary/PTI

Tata Power’s 400 MW Mundra Plant in Mumbai, a file picture. The government has announced that it will ensure investments totalling Rs.100 lakh crore in infrastructure over its five-year term. In comparison, the total Central budgetary expenditure in 2018-19 was Rs.24.6 lakh crore, of which just Rs.3.2 lakh crore was devoted to capital expenditure. Photo: Paul Noronha

Budget 2019 sends the clear message that the second Modi-led government plans to use every trick in the financial innovation book in its desperate search for private financing of infrastructure.
    This article is closed for comments.
    Please Email the Editor