<p>Nirmala Sitharaman, India’s first full-time female Finance Minister, will present the first budget of Narendra Modi-led government's second term on July 5.</p>.<p>Taking up the crucial Finance Ministry portfolio, Sitharaman has a big task at hand. In her new role, the former defence minister needs to address issues such as economic slowdown, unemployment rate which is at a 45-year high, severe agrarian crisis, NPAs marring the banking sector.</p>.<p>While all eyes will be on Budget 2019, it is imperative for people to know the key terms associated with the annual exercise.</p>.<p>Here’s a lowdown on some of the important terms to help understand the Budget.</p>.<p><strong>Stagnation:</strong><br />When the prices of basic necessity goods such as food and medicine rise for a long period of time but the salary of people becomes stagnant then it is called stagnation. Stagnation is a very severe issue and decreases the purchasing power of the people. Stagnation also leads to poverty.</p>.<p>Also Read: <a href="https://www.deccanherald.com/business/budget-2019-what-is-deflation-and-disinflation-741145.html"><strong>What is Deflation and Disinflation?</strong></a></p>
<p>Nirmala Sitharaman, India’s first full-time female Finance Minister, will present the first budget of Narendra Modi-led government's second term on July 5.</p>.<p>Taking up the crucial Finance Ministry portfolio, Sitharaman has a big task at hand. In her new role, the former defence minister needs to address issues such as economic slowdown, unemployment rate which is at a 45-year high, severe agrarian crisis, NPAs marring the banking sector.</p>.<p>While all eyes will be on Budget 2019, it is imperative for people to know the key terms associated with the annual exercise.</p>.<p>Here’s a lowdown on some of the important terms to help understand the Budget.</p>.<p><strong>Stagnation:</strong><br />When the prices of basic necessity goods such as food and medicine rise for a long period of time but the salary of people becomes stagnant then it is called stagnation. Stagnation is a very severe issue and decreases the purchasing power of the people. Stagnation also leads to poverty.</p>.<p>Also Read: <a href="https://www.deccanherald.com/business/budget-2019-what-is-deflation-and-disinflation-741145.html"><strong>What is Deflation and Disinflation?</strong></a></p>