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The Union Government has gone for a populist attitude in the  union budget 2019   owing to the general elections which are just 100 days away. Piyush Goyal presented the interim budget after being given charge of the finance ministry. He announced a 2 per cent interest subsidy for micro, small and medium enterprises (MSMEs) for loans up to Rs 1 crore. During the presentation of the union budget 2019 in Parliament, Goyal said: "All MSME units enrolled with the Goods and Services Tax (GST) will currently have 2 per cent interest subvention for loans up to Rs 1 crore,” Goyal went on to mention that the government has also raised the share of government procurements from MSMEs through the Government eMarketplace (GeM) to 25 per cent which includes 3 per cent from MSMEs run by women. Although most of the announcements in the union budget 2019 were made as per the expectations, startups had little joy this time. One of the major demands of the startups in Indi...

Interim Finance Minister Piyush Goyal on February 1 presented the Interim Budget 2019 and announced reliefs for taxpayers, farmers and several measures to boost consumption. Rajesh Saluja, CEO & MD, ASK Wealth Advisors gives his likes and dislikes about the Interim 2019 budget date . What Works? Pre-Election Growth Oriented Budget 2019 : Consumption gets Rs 1 trillion, a quadruple benefit to the real estate. Farmers, unorganised sector workers and middle class benefit. The single biggest highlight was consumption sector getting Rs 1 trillion boost (with 75:25 rural: urban share). This would restart the rural growth engine and give a fillip to urban consumption too. It will also have a cascading effect on investment in the medium term. For real estate, there is something for all four players - buyers, residents, taxpayers, builders. Highlights of last five year and the vision of the next 10 years were the other major takeaways. Good initiatives are bein...