Budget 2020 date, time, LIVE Streaming, expectations: All you need to know
Budget 2020 is set to be presented by Finance Minister Nirmala Sitharaman in the parliament soon. This will be the second Budget from Nirmala Sitharaman and comes at an important time for the Indian economy.
Budget 2020 is set to be presented by Finance Minister Nirmala Sitharaman in the parliament soon. This will be the second Budget from Nirmala Sitharaman and comes at an important time for the Indian economy. Managing Editor of Zee Business Anil Singhvi explains what a budget really is. Budget is the sum total of the income and the expenditure of an entity. Here is everything you need to know about Budget 2020 -
Budget 2020 date and time
The Union Budget will be presented in the Parliament on February 1 at 11 am, according to the Lok Sabha calendar. However, the Budget session will begin on January 31 at 11 am with a speech by President Ram Nath Kovind. He will address a joint session of both Lok Sabha and Rajya Sabha.
It is believed that the economic survey will be tabled on the same day.
Earlier, the Railway Budget and Union Budget were presented separately but in 2017, the Narendra Modi government merged both. It also advanced the date of the budget by a month. Notably, this year's Budget falls on a Saturday. Parliament as well as stock exchanges, which are usually closed on weekends, will conduct business on Saturday because of the budget.
Budget 2019 LIVE Streaming
Budget 2019 live streaming online will be available on Zee Business website. You can also watch Budget 2020 on Zee Business TV where several experts will give you their insights.
WATCH Zee Business TV LIVE Streaming Online -
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— Zee Business (@ZeeBusiness) January 15, 2020
Budget 2020 expectations
Anil Kumar Prasanna, CEO at AxisRooms said that for Hospitality Industry there has been a great relief from GST, which is still higher compared to the tourism economy countries but it is still a breather from some cuts provided. He said that a lot of businesses are funding through their personal savings, loans to pay the GST and awaiting their invoices to be cleared by customers.
"It would be great help if this can be deducted more like income tax from the payees especially in B2B segment, where delayed payment cycles are seen, this would ease the cash flow to the economy or some liability policy for the delay in invoice payments for merchants selling services or goods would be a great leverage for the economy," he said.
Satish Magar, President, CREDAI — National chapter said, "Affordable housing comprises units with a carpet area as defined under RERA that do not exceed sixty square meters in the metros and 90 square meters elsewhere." He also said that Housing Loan up to Rs 1 crore may be counted towards Priority Sector and interest rates to be below 7 per cent effectively.
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