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.
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