BOOM

Trending Searches

    SUPPORT
    BOOM

    Trending News

      • Fact Check 
        • Fast Check
        • Politics
        • Business
        • Entertainment
        • Social
        • Sports
        • World
      • Law
      • Explainers
      • News 
        • All News
      • Decode 
        • Impact
        • Scamcheck
        • Life
        • Voices
      • Media Buddhi 
        • Digital Buddhi
        • Senior Citizens
        • Videos
      • Web Stories
      • BOOM Research
      • BOOM Labs
      • Deepfake Tracker
      • Videos 
        • Facts Neeti
      • Home-icon
        Home
      • About Us-icon
        About Us
      • Authors-icon
        Authors
      • Team-icon
        Team
      • Careers-icon
        Careers
      • Internship-icon
        Internship
      • Contact Us-icon
        Contact Us
      • Methodology-icon
        Methodology
      • Correction Policy-icon
        Correction Policy
      • Non-Partnership Policy-icon
        Non-Partnership Policy
      • Cookie Policy-icon
        Cookie Policy
      • Grievance Redressal-icon
        Grievance Redressal
      • Republishing Guidelines-icon
        Republishing Guidelines
      • Fact Check-icon
        Fact Check
        Fast Check
        Politics
        Business
        Entertainment
        Social
        Sports
        World
      • Law-icon
        Law
      • Explainers-icon
        Explainers
      • News-icon
        News
        All News
      • Decode-icon
        Decode
        Impact
        Scamcheck
        Life
        Voices
      • Media Buddhi-icon
        Media Buddhi
        Digital Buddhi
        Senior Citizens
        Videos
      • Web Stories-icon
        Web Stories
      • BOOM Research-icon
        BOOM Research
      • BOOM Labs-icon
        BOOM Labs
      • Deepfake Tracker-icon
        Deepfake Tracker
      • Videos-icon
        Videos
        Facts Neeti
      Trending Tags
      TRENDING
      • #Operation Sindoor
      • #Pahalgam Terror Attack
      • #Narendra Modi
      • #Rahul Gandhi
      • #Waqf Amendment Bill
      • #Arvind Kejriwal
      • #Deepfake
      • #Artificial Intelligence
      • Home
      • Budget
      • Budget News
      • Union Budget 2020 LIVE: Major...
      Budget News

      Union Budget 2020 LIVE: Major Relief For Taxpayers, Tax Slabs Rejigged

      Catch all live updates of Nirmala Sitharaman's second budget with BOOM's Budget Live Blog

      By - A Staff Writer |
      Published -  1 Feb 2020 9:58 AM IST
    • Boomlive
      Union Budget 2020 Live Updates

      Finance Minister Nirmala Sitharaman will present the Union Budget before the Lok Sabha at 11 am on Saturday. This will be the second budget of the re-elected government of Prime Minister Narendra Modi. Finance Minister Nirmala Sitharaman will look to kickstart the economy while attempting a balancing act between growth and fiscal prudence.

      The fiscal deficit, from April to November, is already at 115% of the budgeted deficit, which is at 3.3% of GDP. Unemployment is at a 45-year high according to the Periodic Labour Force Survey, pegging the unemployment rate for 2017 - 2018 at 6.1%. India's growth in the second quarter of financial year 2019 - 2020 stood at 4.5%, the lowest in six years, with the Reserve Bank of India cutting India's growth forecasts for the ongoing financial year from 6.1% to just 5%. Institutions such as the International Monetary Fund and the State Bank of India (SBI) too have followed suit, having cut India's growth projections in their own forecasts. In December 2019, official data showed inflation at 7.35%, breaching the Reserve Bank Of India's medium-term upper ceiling of retail inflation of 6%. This figure was at a three-year high, being driven primarily by food inflation, which rose at 14.12% in December.

      The budget also comes at a time when the government has taken disinvestment decisions to shore up its finance, such as putting 100% of Air India up for sale and giving incentives for investment by cutting corporation tax, up to 10 percentage points for corporations.


      Live Updates

      2020-02-01 04:28:04
      • 1 Feb 2020 2:56 PM IST

        Want to know how the taxes presented affects you? Check out BOOM's tax calculator

        Want to see how the Union Budget 2020 presented by FM #NirmalaSitharaman impacts your income after taxes? Use our quick online tax calculator to plan your finances after changes in Indian budget. #BudgetSession2020#BudgetWithBOOM#Budget2020#taxhttps://t.co/hKgV6RORVd

        — BOOM FactCheck (@boomlive_in) February 1, 2020


        • FB Share
        • Twitter Share
        • Whatsapp Share
      • 1 Feb 2020 2:45 PM IST

        Markets have not taken the budget well. Benchmark indices Sensex down 500 points, NIFTY down 200 points.

        • FB Share
        • Twitter Share
        • Whatsapp Share
      • 1 Feb 2020 2:29 PM IST

        The longest budget speech summed up in 10 points!

        Key takeaways from the Modi government's second Union Budget, announced by Finance Minister Nirmala Sitharaman. @nsitharamanoffc #NirmalaSitharaman #Budget2020 #BudgetWithBOOM https://t.co/tHutXarnsV

        — BOOM FactCheck (@boomlive_in) February 1, 2020


        • FB Share
        • Twitter Share
        • Whatsapp Share
      • 1 Feb 2020 1:36 PM IST

        Aadhaar-based verification for indirect taxes

        • FB Share
        • Twitter Share
        • Whatsapp Share
      • 1 Feb 2020 1:28 PM IST

        New scheme to reduce 4,83,000 direct tax cases pending at various forums. Taxpayer to pay only disputed tax amount, no interest or penalty, until March 31, 2020.

        • FB Share
        • Twitter Share
        • Whatsapp Share
      • 1 Feb 2020 1:19 PM IST

        New power generation companies to be extended the new 15% tax.

        • FB Share
        • Twitter Share
        • Whatsapp Share
      • 1 Feb 2020 1:15 PM IST

        100% exemption to sovereign wealth fund investments in priority sectors

        • FB Share
        • Twitter Share
        • Whatsapp Share
      • 1 Feb 2020 1:13 PM IST

        Dividend Distribution Tax to be abolished, dividends would be taxed on recipients at their applicable rates

        • FB Share
        • Twitter Share
        • Whatsapp Share
      • 1 Feb 2020 1:11 PM IST

        70 of 100 exemptions removed in the new income-tax regimes.

        • FB Share
        • Twitter Share
        • Whatsapp Share
      • 1 Feb 2020 1:10 PM IST

        ₹40,000 crore in revenue foregone in the new regime

        • FB Share
        • Twitter Share
        • Whatsapp Share
      >Load More

      Tags

      Union BudgetBudget 2020
      Read Full Article
      Next Story
      Our website is made possible by displaying online advertisements to our visitors.
      Please consider supporting us by disabling your ad blocker. Please reload after ad blocker is disabled.
      X

      Subscribe to BOOM Newsletters

      👉 No spam, no paywall — but verified insights.

      Please enter a Email Address
      Subscribe for free!

      Stay Ahead of Misinformation!

      Please enter a Email Address
      Subscribe Now🛡️ 100% Privacy Protected | No Spam, Just Facts
      By subscribing, you agree with the Terms & conditions and Privacy Policy connected to the offer

      Thank you for subscribing!

      You’re now part of the BOOM community.

      Or, Subscribe to receive latest news via email
      Subscribed Successfully...
      Copy HTMLHTML is copied!
      There's no data to copy!