Budget 2020 Highlights: Important things to know from FM Nirmala Sitharamans speech
Union Budget 2020: Finance Minister of India Nirmala Sitharaman on Saturday presented the Aam Budget 2020 in Parliament. Here are important things to know from FM Nirmala Sitharamans speech - (ANI photo)
Union Budget 2020: Finance Minister of India Nirmala Sitharaman on Saturday presented the Aam Budget 2020 in Parliament. Here are important things to know from FM Nirmala Sitharaman's speech.
Latest Updates
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Budget 2020: New reforms announced in Budget will give push to economy, says Prime Minister Narendra Modi
Budget 2020: Government has announced many measures in Budget to push employment in country, says Prime Minister Narendra Modi
Union Budget 2020: Prime Minister Narendra Modi says Budget 2020 will help in doubling farmers' income
Budget 2020 LIVE updates: NEW INCOME TAX SLABS DETAILS
Budget 2020 LIVE Updates: Customs duty on catalytic converters, parts of commercial vehicles, other than EVs, hiked
Union Budget 2020 LIVE Updates: FM Nirmala Sitharaman cuts short her Budget speech after feeling unwell towards fag end. (#BudgetOnZee)
NEW INCOME TAX SLABS DETAILS
Budget 2020 LIVE UPDATES: FM - Under Vivad Se Vishwas Scheme, taxpayer to pay only amount of disputed tax, will get complete waiver on interest and penalty, if scheme is availed by March 31, 2020
(#BudgetOnZee)Budget 2020 LIVE UPDATES: FM - A system to be launched soon, for instant online allotment of PAN on the basis of Aadhaar, without the need for filling any application form (#BudgetOnZee)
Budget 2020 LIVE UPDATES: FM - Income of charitable institutions fully exempt from taxation; Donation to such institutions allowed as deduction in computing taxable income of donor. (#BudgetOnZee)
Budget 2020 LIVE UPDATES: Registration of charity institutions to be made completely electronic, donations made to be pre-filled in IT return form to claim exemptions for donations easily (#BudgetOnZee)
Budget 2020 LIVE UPDATES: NEW INCOME TAX SLABS DETAILS (#BudgetOnZee)
Budget 2020 LIVE UPDATES: Expansion of National Gas Grid from 16,200 km to 27,000 km along with reforms to deepen gas markets, enable ease of transactions and transparent price discovery (#BudgetOnZee)
Budget 2020 LIVE UPDATES: FM Nirmala Sitharaman - In order to promote affordable housing projects, I propose to extend date of approval of affordable housing projects for availing tax holiday by one more year. (#BudgetOnZee)
Budget 2020 LIVE UPDATES: FM Nirmala Sitharaman - To boost startups, tax burden on employees due to tax on Employee Stock Options to be deferred by five years or till they leave the company or when they sell, whichever is earliest (#BudgetOnZee)
Budget 2020 LIVE UPDATES: FM Nirmala Sitharaman - Option to be provided to cooperative societies to be taxed at 22% plus 10% surcharge and 4% cess, with no exemptions or deductions. To be exempted also from Minimum Alternative Tax (#BudgetOnZee)
Budget 2020 LIVE UPDATES: FM Nirmala Sitharaman - In order to promote affordable housing projects, I propose to extend date of approval of affordable housing projects for availing tax holiday by one more year. (#BudgetOnZee)
Budget 2020 LIVE UPDATES: FM Nirmala Sitharaman - Dividend Distribution Tax to be removed, companies will not be required to pay DDT, dividend to be taxed only at the hands of recipients at applicable rates (#BudgetOnZee)
Budget 2020 LIVE UPDATES: FM Nirmala Sitharaman - Concessional corporate tax cut to be extended to new domestic companies engaged in power generation (#BudgetOnZee)
Budget 2020 LIVE UPDATES: FM Nirmala Sitharaman - In order to promote affordable housing projects, I propose to extend date of approval of affordable housing projects for availing tax holiday by one more year. (#BudgetOnZee)
Budget 2020 LIVE UPDATES: FM Nirmala Sitharaman - Around 70 of more than 100 income tax deductions and exemptions have been removed, in order to simplify tax system and lower tax rates (#BudgetOnZee)
Budget 2020 LIVE UPDATES: FM Nirmala Sitharaman - A person earning Rs 15 lakh per annum and not availing any deductions will now pay Rs 1.95 lakh tax in place of Rs 2.73 lakh (#BudgetOnZee)
Budget 2020 LIVE UPDATES: FM Nirmala Sitharaman - Dividend Distribution Tax to be removed, companies will not be required to pay DDT; dividend to be taxed only at the hands of recipients, at applicable rates (#BudgetOnZee)
Budget 2020 LIVE UPDATES: FM Nirmala Sitharaman - Start-ups are engine of growth. Propose to increase turnover limit for startups from Rs 25 crores to 100 crores. (#BudgetOnZee)
Budget 2020 LIVE UPDATES: NEW INCOME TAX SLABS DETAILS (#BudgetOnZee)
Budget 2020 LIVE UPDATES: FM Nirmala Sitharaman: In this new personal income tax regime, income tax rates will be significantly reduced for the individuals who forgo certain exemptions and deductions (BudgetOnZee)
Budget 2020 LIVE UPDATES: FM Nirmala Sitharaman: In the proposed regime, those with income between Rs 7.5-10 lakhs can pay tax at 15% against the current 20%. Those with income between Rs 10-12.5 lakhs can pay tax at 20% against 30% (BudgetOnZee)
Budget 2020 LIVE UPDATES: FM Nirmala Sitharaman: We propose to bring a personal income tax regime, where income tax rates will be reduced, so now, person earning between Rs 5-7.5 lakhs will be required to pay tax at 10% against current 20%. (BudgetOnZee)
Union Budget 2020 LIVE Updates: New Income Tax Slabs
- No tax for upto Rs 5 lakhs
-10% for Rs 5 lakhs-7.50 lakhs
-15% Rs 7.50 lakhs-Rs 10 lakhs
-20% Rs 10 lakhs-Rs 12.5 lakhs
-25% Rs 12.5 lakhs-Rs 15 lakhs
-30% Rs 15 lakhs and above
Union Budget 2020 LIVE Updates: FM Nirmala Sitharaman - We estimate a fiscal deficit of 3.8% in RE 2019-20 and 3.5% for BE 2020-21 - (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Nirmala Sitharaman - Certain specified categories of government securities will be open fully for NRIs, apart from being open to domestic investors - (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Nirmala Sitharaman - Rs 99,300 crore to be provided for education sector in 2020-21 and Rs 3000 crore for skill development - (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Nirmala Sitharaman - Expand Exchange Traded Fund by floating a Debt ETF, consisting primarily of govt. securities- (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Nirmala Sitharaman - About 22,000 crore rupees already provided for supporting National Infrastructure Pipeline - (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Nirmala Sitharaman - We have estimated nominal growth of GDP for the year 2020-21 on the trends available, at 10%. (#BudgetOnZee)
Union Budget 2020 LIVE Updates: Government proposes to sell a part of its holding in LIC by initial public offer. (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Sitharaman: Modi government to bring LIC IPO (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Sitharaman: Mechanism will be made to address liquidity constraints of NBFCs and Hosue finance corporations. Govt to offer support by guaranteeing securities floated to provide liquidity for NBFCs (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Sitharaman: Taxpayer charter to be instituted in the charter, a part of our statutes, we remain committed to take measures to ensure citizens are free of tax harassment (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Sitharaman: Major reforms to be introduced for recruitment into non-gazetted posts in government and PSBs; National Recruitment Agency to be set up for conducting common online eligibility tests for recruitment to these posts (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Sitharaman: Supporting states to focus on one product for one district so as to make way for Horticulture to gain momentum (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Sitharaman: Proposed new National Policy on Official Statistics will improve data collection and dissemination, using tech (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Sitharaman: Finance Minister Nirmala Sitharaman: India will host G20 Presidency in 2022, 100 crore rupees to be allocated for making preparations for this historic occasion, where India will drive global economic agenda (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Sitharaman: Finance Minister Nirmala Sitharaman: Deposit Insurance and Credit Guarantee Corporation has been permitted to increase deposit insurance coverage to Rs 5 lakh per depositor from Rs 1 lakh (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Sitharaman: Robust mechanism is in place to monitor health of all schedule commercial banks and depositors money is absolutely safe (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Sitharaman: Government is fully committed to supporting new UTs of J&K and Ladakh; Allocation of Rs 30,757 crores for 2020-21 for Jammu and Kashmir and Rs 5,958 crores for Ladakh (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Sitharaman: Conventional energy meters to be replaced by prepaid #smartmeters in the next three years. Pre-paid meters (smart meters) will give consumers freedom to choose suppliers. (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Sitharaman: Over 6 lakh Anganwadi workers are equipped with smartphones to upload nutritional status of more than 10 crore households (#BudgetOnZee)
Union Budget 2020 LIVE Updates: Clean air is a matter of concern in large cities, propose to encourage states to formulate and implement plans to ensure clean air. Allocation for this purpose is Rs 4,400 crores - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Sitharaman: Over 6 lakh Anganwadi workers are equipped with smartphones to upload nutritional status of more than 10 crore households (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Sitharaman: I propose to provide Rs 35600 crores for nutrition related programmes for 2020-21. (#BudgetOnZee)
Union Budget 2020 LIVE Updates: Finance Minister Nirmala Sitharaman: Enhance allocation of Rs 9500 crores for senior citizens and 'Divyang'. (#BudgetOnZee)
Union Budget 2020 LIVE Updates: I propose to provide Rs 2500 crores for promotion of tourism in the year 2020-21 - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: 85,000 crore rupees for Scheduled Castes and Other Backward Classes in 2020-21; 53,700 crore rupees for Scheduled Tribes - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: Indian Institute of Heritage and Culture to be established under Ministry of Culture. - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: 5 archaeological sites to be developed as iconic sites with on-site museums -Rakhigarhi, Hastinapur, Shivsagar, Dholavira and Adichanallur - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: Enhance allocation of Rs 9500 crores for senior citizen and OBC - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: I propose to provide Rs 35600 crores for nutrition related programmes for 2020-21. - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: Rs 3.6 lakh crore approved for Jal Jeevan Mission - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: 100 more airports to be developed by 2024 to support UDAN scheme - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: 'Beti bachao, beti padhao' has yielded tremendous results, gross enrolment ratio of girls across all levels of education now higher than boys. - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: I propose to provide Rs 22000 crores to power and renewable energy sector in 2020-21 - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: I propose to provide Rs 22000 crores to power and renewable energy sector in 2020-21 - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: To soon bring out a policy to enable private sector to build Data Centre Parks in the country - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: High-speed train between Mumbai and Ahmedabad will be actively pursued. - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: To soon bring out a policy to enable private sector to build Data Centre Parks in the country - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: Large solar power capacity to be set up alongside rail tracks, on land owned by Railways - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: I propose to provide Rs 1.7 lakh crores for transport infrastructure in 2020-21 - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: I propose to provide Rs 22000 crores to power and renewable energy sector in 2020-21 - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Nirmala Sitharaman announces Rs 99,300 crore outlay for education sector in 2020-21 and Rs 3,000 crore for skill development. #BudgetOnZee)
Union Budget 2020 LIVE Updates: To achieve higher export credit, a new scheme being launched which provides higher insurance cover, reduced premium for small exporters and simplified procedure for claim settlements - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: Setting up large solar panel capacity alongside the railway tracks on land owned by railways, a proposal is under consideration. More Tejas type trains will connect iconic destinations - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: Centre to announce new education policy soon - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: The Delhi-Mumbai Expressway will be completed by 2023 - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: : A degree-level full-fledged online education programme to be offered by institutes in top 100 in National Institutional Ranking Framework - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: I propose to provide Rs 27300 crore for development for industry and commence for year 2020-21 - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: Fish production to be raised to 200 lakh tonnes by 2022-23 - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: Viability gap funding window to be set up to cover hospitals, with priority given to aspirational districts that don't have hospitals empanelled under Ayushman Bharat - FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: 2.83 lakh crore rupees allocated for agriculture and allied activities, irrigation and rural development (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Nirmala Sitharaman: Youth and fishery extension work to be enabled by rural youth as 'Sagar Mitras', forming 500 fish farmer producing organizations. (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Nirmala Sitharaman: There is a shortage of qualified medical doctors both general practitioners and specialists; it is proposed to attach a medical college to a district hospital in PPP mode; details of the scheme to be worked out soon. (#BudgetOnZee)
Union Budget 2020 LIVE Updates: Finance Minister Nirmala Sitharaman: Youth and fishery extension work to be enabled by rural youth as 'Sagar Mitras', forming 500 fish farmer producing organizations (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Nirmala Sitharaman: Comprehensive measures for 100 water-stressed districts being proposed in this budget; agricultural credit target has been set at Rs 15 lakh crore. (#BudgetOnZee)
Union Budget 2020 LIVE Updates: Allocation of Rs 12,300 crores for Swachh Bharat Mission for year 2020-21. (#BudgetOnZee)
Union Budget 2020 LIVE Updates: Water stress-related issues a serious concern across the country; our govt. proposes comprehensive measures for 100 water-stressed districts: FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: Village Storage Scheme to be run by Self-Help Groups (SHGs); we want to restore women in villages as 'Daanya Lakshmis': FM (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM says, "Central government's debt has come down to 48.7% in March 2019 from 52.2% in March 2014." (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM says, "Efforts we have made in the last five years and the enthusiasm and energy of our youth are the ignition of our growth." (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM says, "Our government is committed to the goal of doubling farmers income by 2022." (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM says, "Three key points of Budget-aspirational India, economic development for all and that ours shall be a caring society." (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM says, "Our government is proposing comprehensive measures for 100 water-stressed districts in the country." (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM says, "FM Nirmala Sitharaman: #Budget2020 is to boost the income of people and enhance their purchasing power." (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM says, "For sector comprising agriculture, allied activities, irrigation and rural development, an allocation of Rs 2.83 lakh crores has been made for 2020-21." (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM says, "FM Nirmala Sitharaman: Pradhan Mantri Kisan Urja Suraksha avem Utthan Mahabhiyan (PM KUSUM) to be expanded to provide 20 lakh farmers in setting up standalone solar pumps." (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM says, "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. Krishi Udaan will be launched by MoCA on international and national routes. " (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM says, "Easier version of GST will come in 2020." (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Nirmala Sitharaman says, "Farm markets need to be liberalized, farming need to be made more competitive, handholding of farm-based activities need to be provided, sustainable cropping patterns and more tech needed." (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Nirmala Sitharaman recites a verse in Kashmiri and translates it in Hindi, 'Humara watan khilte hue Shalimar bagh jaise, humara watan Dal lake mein khilte hue kamal jaisa, nau jawanon ke garam khoon jaisa, mera watan tera watan, humara watan, duniya ka sabse pyara watan' - (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Nirmala Sitharaman says, "This budget is woven around 3 prominent themes - 1) Aspirational India 2) Economic Development 3) Caring Society." (#BudgetOnZee)
Union Budget 2020 LIVE Updates: "Proliferation of technologies such as analytics, machine learning, AI, bioinformatics. No. of people in productive age group at its highest." - FM points out two cross-cutting developments. (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Nirmala Sitharaman says, "Central government's debt has come down to 48.7% in March 2019 from 52.2% in March 2014." (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Nirmala Sitharaman says, "For every woman wishing to stand up and get counted and for every individual from minority sections, this Budget 2020 aims to give and have your aspirations and hopes addressed." (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Nirmala Sitharaman says, "GST has resulted in efficiency gains in the transport and logistics sector, inspector raj has vanished, it has benefitted Micro, Small & Medium Enterprises(MSME). Consumers have got an annual benefit of 1 lakh crore rupees by GST." (#BudgetOnZee)
Union Budget 2020 LIVE Updates: FM Nirmala Sitharaman underlines the paradigm shift in governance, brought about by the Modi Government. (#BudgetOnZee)
Union Budget 2020 LIVE Updates: Finance Minister Nirmala Sitharaman says, "Our people should be gainfully employed, our businesses should be healthy; for all minorities, women and people from SCs and STs, this Budget aims to fulfil their aspirations." (#BudgetOnZee)
Union Budget 2020 LIVE Updates: Finance Minister Nirmala Sitharaman says, "With renewed vigour, under PM's leadership, we commit ourselves to present the people of India with all humility and dedication. People have reposed faith in our economic policy." (#BudgetOnZee)
Finance Minister Nirmala Sitharaman presents the first Full Budget of the second term of the Narendra Modi government.
Finally, the long wait has come to an end as Finance Minister Nirmala Sitharaman is delivering Budget 20-21 speech in Parliament and tabling the Budget.
The presentation of Budget 2020 is just a few minutes away. Stay tuned for live updates (#BudgetOnZee)
Finance Minister Nirmala Sitharaman's family including her daughter Parakala Vangmayi arrive in Parliament. (#BudgetOnZee)
Finance Minister Nirmala Sitharaman's family including her daughter Parakala Vangmayi arrive in Parliament. (#BudgetOnZee)
Home Minister Amit Shah arrives at the Parliament, ahead of the presentation of Budget 2020 (#BudgetOnZee)
Prime Minister Narendra Modi arrives at the Parliament, ahead of the presentation of Union Budget 2020-21. (#BudgetOnZee)
Printed copies of Budget 2020 have been brought to the Parliament. Finance Minister Nirmala Sitharaman will present the Budget in Lok Sabha at 11 AM today.
Finance Minister Nirmala Sitharaman and MoS Finance Anurag Thakur arrive at the Parliament to attend Cabinet meeting; Presentation of Union Budget 2020-21 at 11 am. (#BudgetOnZee)
Union Ministers Prakash Javadekar and Jitendra Singh arrive at the Parliament, to attend the Cabinet meeting at 10:15 am. (#BudgetOnZee). Budget 2020-21 to be presented shortly.
Finance Minister Nirmala Sitharaman, MoS Anurag Thakur call on President Ram Nath Kovind before presenting the Union Budget 2020-21. Now, they will proceed to the Parliament House to attend the Cabinet meeting.
Ahead of the presentation of Union Budget 2020-21, Cabinet meeting to be held at 10:15 am today in the Parliament House.
Ahead of Budget presentation, Sensex at 40,576, down by 140 points; Nifty at 11,910, down by 126.50 points.
Ahead of Budget 2020-21 presentation, Finance Minister Nirmala Sitharaman and her team to meet President Ram Nath Kovind. (BudgetOnZee)
Finance Minister Nirmala Sitharaman, MoS Anurag Thakur and others with 'Bahi-Khata' ahead of the presentation of Union Budget 2020-21. (ANI photo)
Union Minister of State for Finance & Corporate Affairs Anurag Thakur arrives at the Ministry of Finance. (#BudgetOnZee)
Ahead of Budget 2020 presentation in the Parliament today, Union Minister of State for Finance & Corporate Affairs Anurag Thakur offers prayers at his residence.
Union Finance Minister Nirmala Sitharaman arrives at Ministry of Finance for Budget 2020. Sitharaman will table her second Budget today. This is the first full budget of Modi government's second term.
Finally, the big and crucial day of Budget 2020 is here when Finance Minister Nirmala Sitharaman will be tabling the first full budget of Modi 2.0.
Finance Minister Nirmala Sitharaman is expected to begin her budget speech at around 11:00 AM. But, before that, she would meet President Ram Nath Kovind at the Rashtrapati Bhawan. Sitharaman is expected to leave for the Rashtrapati Bhawan from her official residence at around 9:30 AM. At Rashtrapati Bhawan, she would spend around 15-20 minutes and then she would leave for the parliament where she is expected to present the Union Budget.
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