Soon after the unveiling of Interim Budget for 2019 by the Union Finance Minister Piyush Goyal on Friday, a petition has been moved by lawyer ML Sharma in Supreme Court challenging the constitutional validity of the Interim budget stating that there is no provision in the Constitution of India supporting the interim budget.
Alleging that the interim budget is an election gimmick aimed at securing votes prior to the Lok Sabha elections, the petition stated that the interim budget was laid in the house by the government for political benefit.
Conceding with the lawyer, the opposition also raised its concerns on the interim budget and preferred to rather call it an election budget. The Congress said it was not a vote on an account but an account on votes.
Union Finance Minister Piyush Goyal today presented an Interim Budget for 2019 in Parliament. Rolling out a number of schemes for middle-class and farmers, highlights of the interim budget speech was the hiking of exemption on income tax for income up to ₹5 lakh and a package of ₹6000 per annum for farmers with less than 2 hectares of land to be launched as Pradhan Mantri Kisan Samman Nidhi scheme.