Analysis of Budget 2020 presented by FM Nirmala Sitharaman in Parliament
Union finance minister Nirmala Sitharaman once again opted for the traditional 'bahi-khata' to present Budget 2020-21.
- 11:19 AM IST
FM recites verse in Kashmiri
- 11:16 AM IST
Simplified return for GST from April 2020
- 11:15 AM IST
'Consumers have got annual benefit of ₹1 lakh cr by GST'
- 11:32 AM IST
Cuts in personal income tax likely to part of Budget
- 11:32 AM IST
Budget for boosting income: FM
- 11:32 AM IST
FM aiming to get growth back up
- 11:02 AM IST
Finance minister Nirmala Sitharaman presents Union Budget
Union finance minister Nirmala Sitharaman is presenting Union Budget for the financial year 2020-21 in Parliament on Saturday. This is the minister's second budget.
Like last year, the finance minister arrived at the Parliament in the morning with the traditional 'bahi-khata. She was accompanied by her deputy, minister of state Anurag Thakur.
In the Economic Survey, released on Friday, the government predicted that economic growth would pick up to 6.0% to 6.5% in the fiscal year beginning April 1, but also warned that it may have exceeded its deficit target to revive growth.
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FM recites verse in Kashmiri
Finance minster recites a verse in Kashmiri, which translates to mean "Our country is like a blooming Shalimar Bagh, our country is like the lotus blooming in the Dal Lake; it is like the boiling blood of the youth, my country, your country, the world's most beloved country."
The poem is written by Pt Dinanath Kaul, a Sahitya Akademi winner.
Simplified return for GST from April 2020
Simplified return for GST is being introduced from April 2020, says FM in Budget speech.
'Consumers have got annual benefit of ₹1 lakh cr by GST'
GST has resulted in efficiency gains in the transport and logistics sector, inspector raj has vanished, it has benefited Micro, Small & Medium Enterprises(MSME), says Finance Minister. She adds, "consumers have got an annual benefit of 1 lakh crore rupees by GST."
Cuts in personal income tax likely to part of Budget
Apart from cuts in personal income tax, sops for rural and agriculture sectors as well as an aggressive push on infrastructure spending are likely to be part of Union Budget 2020.
Budget for boosting income: FM
Budget is for boosting income, purchasing power of people, says the finance minister.
First published: Feb 01, 2020 10:21 IST