Budget 2020 Main Highlights

September 09, 2021

The Key Highlights of Union Budget 2020-21 are as follows. Tax changes and other main highlights.

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With the economy hitting a six-year low GDP growth Union Finance Minister Nirmala Sitharaman presented the Budget 2020 on Saturday that focused on raising the purchasing power by cutting income tax rates and boosting rural income.

Budget 2020 main highlights. Economic Development for all -. Growth predicted to rebound to 18 in 2021-22 15 in 2022-23 and 13 in 2023-24. Budget 2020 Key Points Highlights PDF.

The resource availability during 2020-21 has been estimated at Rs 63149 billion against Rs 49172 billion in the budget estimates of 2019-20. Sitharaman on Saturday announced cuts in personal income. 800 million support for COVID-19.

Total outlay of budget 2020-21 is Rs 72949 billion. The Union Budget 2020 is based on three themes - Aspirational India economic development for all and caring society. Budget Highlights Key Features Budget Speech.

Finance Minister Nirmala Sitharaman Union Budget 2020 Important Points Key Highlights PDF. Finance minister Nirmala Sitharaman presented the Union Budget 2020 in the Parliament on Saturday with the key announcements being the new tax slabs proposal to raise banks deposit insurance LIC. Here are the main highlights of FM Nirmala Sitharamans post-budget interview to Network18 Here are the main highlights.

Budget 2020 Highlights. Output Outcome Framework 2020-2021. Brief of Budgetary Measures for the Export Manufacturing Sector as presented in the Budget Speech 2020-2021 Brief of Budgetary Measures for the Export Manufacturing Sector as presented in the Budget Speech 2020-2021.

Tax changes and other main highlights By Narinder Kapur 01 February 2020 Photo Credit. The same vehicle ownership eligibility. In March 2019 the most recent official growth forecasts from the Office for Budget Responsibility OBR the UK economy was expected to grow at 14 for 2020.

2137 billion deficit in 2020-21 nearly halving next year and falling to 669 billion by 2023-24. This was the longest Budget speech by any finance minister going beyond 2 hour 30 minutes. Summary and highlights from Singapore Budget 2020.

Main Highlights of Budget 2020-2021. FM Niramala Sitharaman proposed a new. The FM Nirmala Sitharaman on Saturday unveiled the budget for fiscal 2020-21 vowing to boost income of Indians their purchasing power in a bid to revive domestic economic growth that has slumped to lowest in decade.

Budget 2020 Highlights. Budget at a Glance. Union finance minister Nirmala Sitharaman had her task cut out for the Budget with the government estimating economic growth this financial year to clock its weakest pace.

Medium Term Fiscal Policy cum Fiscal Policy Strategy Statement. From income tax to fiscal deficit heres a look at the 10 key announcements made by the finance minister in Union Budget 2020. Aspirational India - better standards of living with access to health education and better jobs for all sections of the society.

Whats in it for individual taxpayers MSMEs students and farmers. Get a detailed analysis of the Union Budget 2020 for UPSC IAS exam. The budget 2020-21 has the following salient features.

Finance Minister Nirmala Sitharaman delivered on Saturday the longest budget speech in the nearly six years of the Narendra Modi government. Feb 01 2020 0618 PM. Inflation forecast of 14 this year increasing to 18 in.

Follow BYJUS to clear UPSC 2021. Main Highlights of Budget 2020-2021 Tuesday 09 June 2020. The Macro Economic Framework Statement.

A video on the highlights from the Budget Speech 2020-21 of Finance Minister Nirmala SitharamanMs. The week before Budget 2020 was announced the Domestic Trade and Consumer Affairs Ministry announced a new fuel subsidy targeted at Bantuan Sara Hidup BSH recipients in the B40 group. Several important decisions were announced in the 2020 Union Budget.

This size is 11 percent lower than the size of budget estimates 2019-20. Three prominent themes of the Budget. Net debt 703 billion in 2020-21 36 per cent of GDP and will peak at 966 billion in June.

However Finance Minister Lim Guan Eng revealed during the tabling of Budget 2020 that non-B40 vehicle owners will also be eligible for a petrol subsidy. Budget 2020 Highlights - Union Budget 2020-21 PDF Download. A total of 800 million has been aside to help the economy recover from COVID-19 even as the severity and duration of COVID-19 remains unclear.

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