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Union Budget 2020: LIVE UPDATES

Union Finance Minister Nirmala Sitharaman presents the most crucial budget of the decade Union Budget 20 at 11 am. Click here to view live updates

Photo Credit : Himanshu Kumar

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After meeting President Ram Nath Kovind, Union Finance Minister Nirmala Sitharaman and her deputy, Ministry of State Anurag Thakur arrived in Parliament to attend a meeting of Cabinet ministers ahead of the presentation of the Union Budget.

13:42 PM

01 February, 2020

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

13:39 PM

01 February, 2020

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

13:39 PM

01 February, 2020

Govt to further ease process of allotment of PAN. Govt to launch system for instant allotment of PAN on basis of Aadhaar: Finance Minister Nirmala Sitharaman

13:32 PM

01 February, 2020

Income of charitable institutions fully exempt from taxation; Donation to such institutions allowed as deduction in computing taxable income of donor.

13:32 PM

01 February, 2020

Concessional corporate tax cut to be extended to new domestic companies engaged in power generation

13:32 PM

01 February, 2020

Finance Minister 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

13:31 PM

01 February, 2020

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.

13:31 PM

01 February, 2020

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

13:31 PM

01 February, 2020

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

13:31 PM

01 February, 2020

FM Nirmala Sitharaman: Start-ups are engine of growth. Propose to increase turnover limit for startups from Rs 25 crores to 100 crores.

13:30 PM

01 February, 2020

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

13:23 PM

01 February, 2020

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%

13:11 PM

01 February, 2020

Those with income between Rs 7.5-10 lakhs to pay tax at 15% against current 20%. Those with income between Rs 10-12.5 lakhs to pay tax at 20% against 30%

13:08 PM

01 February, 2020

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%.

13:07 PM

01 February, 2020

Rs 27,300 cr for industry, commerce development

13:03 PM

01 February, 2020

We estimate a fiscal deficit of 3.8% in RE 2019-20 and 3.5% for BE 2020-21, says FM Nirmala Sitharaman

13:03 PM

01 February, 2020

We have estimated nominal growth of GDP for the year 2020-21 on the trends available, at 10%: FM

12:55 PM

01 February, 2020

Finance Minister Nirmala Sitharaman: Government proposes to sell a part of its holding in LIC by initial public offer.

12:54 PM

01 February, 2020

Finance Minister Nirmala 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

12:46 PM

01 February, 2020

Deposit Insurance and Credit Guarantee Corporation has been permitted to increase deposit insurance coverage to Rs 5 lakh per depositor from Rs 1 lakh: Finance Minister Nirmala Sitharaman

12:44 PM

01 February, 2020

Finance Minister Nirmala Sitharaman: Robust mechanism is in place to monitor health of all schedule commercial banks and depositors money is absolutely safe

12:43 PM

01 February, 2020

Finance Minister Nirmala 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

12:40 PM

01 February, 2020

Finance Minister Nirmala Sitharaman: India will host G-20 presidency in the year 2022; Rs 100 crores allocated for preparation

12:40 PM

01 February, 2020

Finance Minister Nirmala Sitharaman: We wish to enshrine in the statutes a taxpayer charter through this Budget. Our govt remains committed to taking measures to ensure that our taxpayers are free from tax harassment of any kind.

12:33 PM

01 February, 2020

Finance Minister Nirmala Sitharaman: 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.

12:32 PM

01 February, 2020

Finance Minister Nirmala Sitharaman: Indian Institute of Heritage and Culture to be established under Ministry of Culture.

12:31 PM

01 February, 2020

FM: 85,000 crore rupees for Scheduled Castes and Other Backward Classes in 2020-21; 53,700 crore rupees for Scheduled Tribes.

12:31 PM

01 February, 2020

FM Nirmala Sitharaman: I propose to provide Rs 2500 crores for promotion of tourism in the year 2020-21

12:26 PM

01 February, 2020

Finance Minister Nirmala Sitharaman: 5 archaeological sites to be developed as iconic sites with on-site museums -Rakhigarhi, Hastinapur, Shivsagar, Dholavira and Adichanallur.

12:26 PM

01 February, 2020

IND-SAT exam to provide scholarship to Asian, African students to study in India.

12:23 PM

01 February, 2020

Finance Minister Nirmala Sitharaman: Enhance allocation of Rs 9500 crores for senior citizens and 'Divyang'.

12:23 PM

01 February, 2020

FM Sitharaman: I propose to provide Rs 35600 crores for nutrition related programmes for 2020-21.

12:23 PM

01 February, 2020

Rs 3.6 lakh crore approved for Jal Jeevan Mission: Sitharaman

12:22 PM

01 February, 2020

Over 6 lakh Anganwadi workers are equipped with smartphones to upload nutritional status of more than 10 crore households: Finance Minister Nirmala Sitharaman

12:22 PM

01 February, 2020

Finance Minister Nirmala Sitharaman: 'Beti bachao, beti padhao' has yielded tremendous results, gross enrolment ratio of girls across all levels of education now higher than boys.

12:19 PM

01 February, 2020

100 more airports to be developed by 2024 to support Udaan scheme, says Finance Minister Nirmala Sitharaman

12:18 PM

01 February, 2020

Finance Minister Nirmala Sitharaman: To soon bring out  a policy to enable private sector to build Data Centre Parks in the country.

12:18 PM

01 February, 2020

Finance Minister Nirmala Sitharaman says high-speed train between Mumbai and Ahmedabad will be actively pursued.

12:17 PM

01 February, 2020

Will achieve seamless delivery of services through digital governance: FM Sitharaman

12:17 PM

01 February, 2020

Finance Minister Nirmala Sitharaman: I propose to provide Rs 1.7 lakh crores for transport infrastructure in 2020-21.

12:06 PM

01 February, 2020

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, says FM Nirmala Sitharaman

12:05 PM

01 February, 2020

The Delhi-Mumbai Expressway will be completed by 2023 : FM

12:04 PM

01 February, 2020

FM Nirmala Sitharaman proposes to provide Rs 27300 crore for development for industry and commence for year 2020-21

12:01 PM

01 February, 2020

FM Nirmala Sitharaman: I propose to provide Rs 27300 crore for development for industry and commence for year 2020-21

11:59 AM

01 February, 2020

FM Nirmala Sitharaman: A degree-level full-fledged online education programme to be offered by institutes in top 100 in National Institutional Ranking Framework.

11:59 AM

01 February, 2020

Centre to announce new education policy soon: FM

11:58 AM

01 February, 2020

FM: Entrepreneurship is strength of India. I propose to set up an investment clearance cell that will provided end to end facilitation and support including pre-investment advisory, info on land banks and facilitate clearance at state level

11:55 AM

01 February, 2020

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 scheme: FM

11:51 AM

01 February, 2020

Nirmala Sitharaman says Budget 2020-21 woven around 3 prominent themes

11:51 AM

01 February, 2020

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: FM Nirmala Sitharaman

11:50 AM

01 February, 2020

Finance Minister Nirmala Sitharaman: Youth and fishery extension work to be enabled by rural youth as 'Sagar Mitras', forming 500 fish farmer producing organizations.

11:48 AM

01 February, 2020

Allocation of Rs 12,300 crores for Swachh Bharat Mission for year 2020-21: FM

11:48 AM

01 February, 2020

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.

11:48 AM

01 February, 2020

FM Nirmala Sitharaman: My Budget 2020 is woven around three themes- aspirational India to boost the standard of living; economic development for all; and building a humane and compassionate society.

11:48 AM

01 February, 2020

FM Nirmala Sitharaman: For sector comprising agriculture, allied activities, irrigation and rural development, an allocation of Rs 2.83 lakh crores has been made for 2020-21

11:47 AM

01 February, 2020

FM Nirmala Sitharaman: Village Storage Scheme run by Self Help Groups, will provide holding capacity for farmers, women in villages can regain their status as 'Dhaanya Lakshmi'

11:39 AM

01 February, 2020

FM Committed To Doubling Farmers Income By 2022

11:36 AM

01 February, 2020

FM says Budget is for boosting income, purchasing power of people. power of people.

11:35 AM

01 February, 2020

Fundamentals of economy strong, inflation well contained, banks cleaned up accumulated loans: FM. banks cleaned up accumulated loans: FM

11:24 AM

01 February, 2020

During 2014-19, govt brought paradigm shift in governance: FM presenting Budget for 2020-21. governance: FM presenting Budget for 2020-21.

11:21 AM

01 February, 2020

FM terms GST as historic structural reform; says it integrated country economically. integrated country economically.

11:19 AM

01 February, 2020

This Budget aims to fulfil aspirations of people: FM

11:19 AM

01 February, 2020

Average household now saves 4 pc in monthly expense after rollout of GST, says FM. rollout of GST, says FM.

11:18 AM

01 February, 2020

Simplified return for GST is being introduced from April 2020, says FM in Budget speech. 2020, says FM in Budget speech.

11:08 AM

01 February, 2020

Finance Minister Nirmala Sitharaman's Budget speech begins

10:39 AM

01 February, 2020

Market alert: At 10:22 am, the Sensex is up 70.83 points, or 0.17 percent, at 40794.32, and the Nifty up 16.70 points, or 0.14 percent, at 11,978.80.About 1,001 shares have advanced, 564 shares declined, and 74 shares are unchanged.

10:31 AM

01 February, 2020

Jaiveer Shergill, Congress, on Twitter
#Budget2020 should “maro goli” to rising unemployment, rising farmer suicides, rising poverty driven suicides, rising tax terrorism, rising fuel prices, rising inflation, rising input costs, rising bank frauds & not turn out to be  “Goli Maro Indian Economy Ko” exercise

Harsh Goenka, chairman, RPG Enterprises on Twitter: My broad directional expectations from Budget 2020: 1. Tax cuts to put money in hands of consumers 2. Restart job creation cycle 3. Revive SME sector 4. Step up exports 5. Save auto, textile, infrastructure and finance sectors 6. Boost government expenditure


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