Union Budget 2020, Live Updates
Union Budget 2020 also known as Aam Admi Budget was presented by current Finance Minister, Nirmala Sitharaman. Common People had lot of expectations from this budget specially in terms of reduction of slab rates, abolishing dividend distribution tax & Long term capital gains, reduction of GST Rates on various articles and Higher Income Tax Deductions.
This Budget is also being quoted as most difficult Budget of the decade for India, due to economic slowdown.
Below are the Live news updates Budget 2020:
“GST Banished Inspector Raj, Gave benifits to MSME, Gave reduction to overall tax rates”
“Simplified new return System being introduced in GST”
“Central Government debt has come down from 52% of GDP to 48.7% of GDP in March 2019”
“16 Lakhs new Taxpayers added”
“This Budget is for Aspirational India”
Agriculture, Irrigation & Rural Development:
- Central Government committed to doubling income of Farmers by 2022
- Comprehensive measures proposed for 100 water stressed district
- Scheme for Farmers to setup solar power pumps
- Farmers market to be liberated
- Farming land to be cultivated with limited manure and not excessive manure
- Support for horticulture market
- Online national Organic market to be promoted
- NABARD Scheme to be further expanded
- Integrated farming in rainfed areas to be expanded
- Fish production to be raised; mesures to be taken
Wellness, water and sanitation
- Hospitals to be empaneled in tier-2 and tier 3 districts for Ayushman treatement
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