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Union Budget 2020-21 News

08 Feb 2020

Sitharaman says economy is at robust-level, FDI in country at all-time high

Finance Minister Nirmala Sitharaman on Saturday (February 8) said that the economy is at its "robust-level" and asserted the Foreign Direct Investment (FDI) in the country is at an all-time high, while interacting with industry traders in Chennai at an event titled `Jan Jan ka Budget`.

02 Feb 2020

Balanced modernisation of three services will be my priority, says Gen Rawat

The Central government has allotted a total Rs 30,42,230 crore for defence which is a hike by 6 percent from the previous year's budget amounting to Rs 3.19 lakh crore. The total defence budget accounts for 15.49 per cent of the total central government expenditure for the year 2020-21.

01 Feb 2020

Budget offers conditional tax rate cuts, banks on rural and infra sectors

The FM announced that the proposed cut in income tax rates, which would help save about Rs 31,000 a year in tax for persons with annual income of up to Rs 17 lakh, was conditioned on current exemptions and deductions including standard deduction for Rs 50,000 as well as the waiver earned on payment of up to Rs 1.5 lakh in tuition fee of children, and contribution towards insurance premium and provident fund, being given up.

01 Feb 2020

Union Budget 2020: All tax exemptions will have to go eventually, says FM

Speaking at a press conference after presenting her second budget, FM said income tax cuts follow a reduction in corporate tax rates in September last year and in the same manner, with or without exemptions.

01 Feb 2020

Union Budget: Tax deduction on affordable housing loans extended by one year

FM Nirmala Sitharaman on Saturday announced a proposal to extend additional deductions of up to Rs 1.5 lakh for the interest paid on loans for the purchase of affordable houses, up to March 2021.

01 Feb 2020

Budget 2020: New income tax regime and exemptions

The new and simplified personal income tax regime wherein income tax rates will be significantly reduced for the individual taxpayers who forgo certain deductions and exemptions.

01 Feb 2020

New reforms announced in Union Budget 2020 will give push to economy: PM

"New reforms announced in Budget will give a push to the economy. Govt has announced many measures in Budget to push employment in the country," the Prime Minister said.

01 Feb 2020

Budget 2020 proposes 8 new museums, allocates Rs 2,500 crore to boost tourism

Finance Minister Nirmala Sitharaman on Saturday (February 1) proposed to allocate Rs 2,500 crores in 2020-21 for the tourism sector in the Union Budget 2020-21, making India an attractive destination for both international and domestic tourists.

01 Feb 2020

Railway Budget 2020: Tejas-type trains, bullet train and keys facts

Here are the major highlights of FM Nirmala Sitharaman's speech and announcements regarding the Indian Railways.

01 Feb 2020

Budget 2020 proposes measures to energise economy; Check key highlights

Finance Minister Nirmala Sitharaman on Saturday (February 1) tabled the Union Budget 2020-21, unveiling a series of far-reaching reforms, aimed at energizing the Indian economy.

01 Feb 2020

Income tax rates and slabs cut with riders in Budget 2020

Budget 2020 has given an option to the personal income tax-payers to avail of lower rates for those earning up to Rs 15 lakh per year.

01 Feb 2020

Budget 2020: Sitharaman proposes more Tejas-like trains, 100 more airports

Sitharaman said that as many as 150 trains will be running on Indian Railway network in the coming year under the Public-Private Partnership (PPP) model and that the request for quotation invite has already been sent.

01 Feb 2020

Budget 2020: Indian Railways will set up Kisan Rail through PPP model, says FM

Sitharaman said, "To build a seamless national cold supply chain for perishables, Indian Railways will set up Kisan Rail through PPP model so that perishable goods can be transported quickly."

01 Feb 2020

FM Sitharaman announces Rs 99,300 cr allocation for education in Budget 2020

India Budget 2020 has laid great emphasis on the education sector with Nirmala Sitharaman proposing that a total of 150 higher education institutes will have apprenticeship programmes by March 2021. Reading out the budget 2020 speech, Nirmala Sitharaman said there have been dialogues with states about the National Education Policy which will be announced soon.

01 Feb 2020

Budget 2020: FM Sitharaman says 60 lakh new taxpayers added in last 2 years

India Budget 2020 speech: The FM said that GST has been the most historic of the structural reforms, adding it has been gradually maturing into a tax that has integrated the country economically. She revealed that a total 60 lakh new taxpayers have been added in the last two years and as many as 40 crore income tax returns have been filed. The finance minister also informed the Lok Sabha that 105 crore e-way bills have been generated under the GST.

31 Jan 2020

Union Budget today; cut in tax rate, sops for social sectors likely

Going by the people's expectations, a cut in personal income tax rate slabs, sops for rural and agriculture sectors as well as an aggressive push on infrastructure spending are likely to be part of Finance Minister's "feel-good" second General Budget.

31 Jan 2020

Economic Survey focuses on wealth creation, says PM Modi

Economic Survey 2019-20 projected the revival of economic growth to 6-6.5 per cent in the next fiscal beginning April 1 but suggested the government should relax the budget deficit target to boost growth from a decade low.

Economic survey 2020

31 Jan 2020

Veg thalis affordability increases for common person 2006-07 to 2019-20

In order to know about the amount spent by a common person for a 'thali' across India, the Economic Survey on Friday said affordability of vegetarian 'thalis' improved by 29 per cent while that of non-vegetarian by 18 per cent during the 2006-07 and 2019-20 period.

Economic Survey 2019-20

31 Jan 2020

Economic Survey projects economic growth at 6% to 6.5% in 2020-21

The Economic Survey 2019-20 emphasised the idea that wealth creation should do no harm, highlighting several ideas on the themes of Sustainable Development and Climate Change.

31 Jan 2020

India has world's third biggest start-up ecosystem, says President

The President said that start-up India is a flagship initiative of the government that intends to build a strong eco-system for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities.

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