Union Budget 2020 Live Updates: Nirmala Sitharaman lists 16-point action plan to double farmers' income
The Union Budget 2020 is all set to be tabled in the Lok Sabha on February 1 by Finance Minister Nirmala Sitharaman. The finance minister is expected to put out all available measures to give a boost to failing consumer demand and investment at a time when the economy is reeling under one of its worst slowdowns in decades.
Will the government be able to revive growth with Union Budget 2020? Follow live updates on the Union Budget here
Live Updates
- 1 Feb 2020 1:47 PM IST
Nirmala Sitharaman: To ease allotment of PAN, new process of instantly allotting PAN through Aadhaar will be brought.
- 1 Feb 2020 1:37 PM IST
Govt proposes 100% tax concession to sovereign wealth funds on investment in infra projects
- 1 Feb 2020 1:23 PM IST
A person earning Rs 15 lakh per anum and not availing any deductions will now pay Rs 1.95 lakh tax in place of Rs 2.73 lakh: FM
- 1 Feb 2020 1:07 PM IST
Similarly, for income between Rs 10-12.5 lakh, the tax rate is currently 30%. This has now been bought down to 20%: FM
- 1 Feb 2020 1:06 PM IST
Presently, an individual pays 20% of tax on income between Rs 5-10 lakh and 30% on income beyond Rs 10 lakh
