Published On: Sat, Feb 1st, 2020

Budget 2020 LIVE Updates

- Tax on cigarettes and other tobacco products to be increased.

- Rupees 69,000 crore allocated for healthcare sector including Rs 6,400 crore for Ayushman Bharat Yojna.

tax

- 5 archaeological sites to be developed in 5 states – Rakhigarhi, Hastinapur, Shivsagar, Dholavira and Adichanallur.

- Government announces Rs 85,000 crore for Scheduled Cast, Rs 53,000 crore for Scheduled Tribes, and Rs 9500 crore for senior citizens and OBC.

- Rs 4,400 crore allocated for clean air projects.

- FM: India is now 5th largest economy in world.

- The Delhi-Mumbai Expressway will be completed by 2023.

- Government announces National Police University and National Forensic University.

- Government to setup investment clearance cell to ease business.

- Rs 99,000 crore allocated for education sector.

- FDI up to $294 billion in 2018-19.

- Inflation at 4.5% over 2014-19.

- GDP growth at 7.4% over 2014-19.

- From April 2020 the GST Returns will be simplified.

- Nirmala Sitharaman calls GST as historic. She calls late Arun Jaitley as architect of GST. She mourns the passing of Jaitley.

- Finance Minister Nirmala Sitharaman begins Union Budget 2020 speech.

- Cut in tax rate expected.

nirmala sitharaman - budget 2020

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