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Piyush Goyal: Budget perfectly encapsulates Modi's vision of New India

Finance Minister Nirmala Sitharaman earlier today presented the first Budget of the second term of the Narendra Modi government

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Piyush Goyal. Pic/ANI

Piyush Goyal. Pic/ANI

Union Railway Minister Piyush Goyal on Friday congratulated Finance Minister Nirmala Sitharaman for presenting the Union Budget 2019-20, which, he said, perfectly encapsulates Prime Minister Narendra Modi's vision of New India.

"Congratulations Finance Minister Nirmala Sitharaman for delivering a #BudgetForNewIndia. It perfectly encapsulates Prime Minister Narendra Modi's vision of New India and will lead to investment, growth and economic development leading to the welfare of farmers, poor and middle class of the country," Goyal tweeted.

Union Defence Minister Rajnath Singh also praised the Union Budget.

"The Union Budget for the financial year 2019-20, presented by the Finance Minister in Parliament today, envisaged a total outlay of Rs 27,86,349 crore. Out of this, Rs 3,18,931.22 crore has been earmarked for Defence (excluding Defence Pension)," read a post on the official Twitter handle of Office of the Raksha Mantri.

"For Defence Pension, an amount of Rs 1, 12,079.57 crores has been provided in BE 2019-20. Total Defence allocation (Rs 431,010.79 crore) including Defence pension, accounts for 15.47 per cent of the total Central Government expenditure for the year 2019-20. The allocation of Rs 3,18,931.22 crore represents a growth of 7.93 per cent over Budget estimates (Rs 2,95,511.41 crore) and 6.87 per cent over Revised Estimates (Rs 2,98,418.72 crore ), respectively for the financial year 2018-19," read another post.

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