Pre Budget Meeting

Budget 2020: Govt introduces five income tax slabs with lower rates for those foregoing exemptions, earlier regime to coexist for now

Finance Minister Nirmala Sitharaman on Saturday introduced new slabs and reduced the tax rate for different slabs for an individual income of up to Rs 15 lakh per annum, if a taxpayer opts for foregoing exemptions and deductions

Budget 2020: Centre to hike investment limit of FPI in corporate bonds from 9% to 15%, says Nirmala Sitharaman

The government plans to increase investment limit of foreign portfolio investors (FPI) in corporate bonds from 9 per cent to 15 percent, Finance Minister Nirmala Sitharaman said on Saturday.

Budget 2020: Sensex tanks over 900 points, slips below 40,000-mark, Nifty down 300 points; Rs 3.46 lakh cr investor wealth wiped off

ITC was the top laggard in the Sensex pack, tanking 6 percent, followed by HDFC, L&T, SBI, ICICI Bank and ONGC.

Budget 2020 LIVE Updates: Budget has vision and action, says Narendra Modi; govt has given up on reviving economy, claims Chidambaram

Budget 2020 LIVE Updates: In a televised address after the budget, Prime Minister Narendra Modi said that the Budget 2020 has vision and action and the new reforms announced by Finance Minister Nirmala Sitharaman will give a push to the economy.

Budget 2020: For every rupee in govt kitty, 64 paise comes from taxes; borrowings contribute 20 paise

For every rupee in the government coffer, 64 paise will come from direct and indirect taxes, while states' share of taxes and duties is the single-largest expense head accounting for 20 percent of the total spending, Budget documents showed

Budget 2020: Govt raises turnover threshold for audit of MSME accounts to Rs 5 cr; move aims to facilitate sector's growth

The finance minister said a scheme will be introduced to provide subordinate debt to MSME entrepreneurs.

Budget 2020: Govt to spend Rs 2.83 lakh cr on agriculture sector to lift wobbly economy; fiscal deficit to widen to 3.8% this fiscal

Agriculture accounts for 15 percent of India’s gross domestic and a source of livelihood for more than half of the country’s 1.3 billion population.

Budget 2020: Govt launches Rs 103 lakh cr infrastructure projects under NIP; logistic policy to come soon: Nirmala Sitharaman

The minister said Rs 103 lakh crore projects, under the NIP, was launched in line with Prime Minister Narendra Modi's announcement of Rs 100 lakh crore infrastructure investment in five years.

Budget 2020: Govt announces Rs 99,300 cr for education sector; new education policy to be announced soon

She also said that a new education policy will be announced soon, adding that "external commercial borrowings and FDI to be leveraged to improve the education system.

Budget 2020: Govt proposes Rs 22,000-cr outlay for power, renewable energy sector in FY21; consumers can choose service provider soon

Last month, the power ministry asked states to reduce power tariff of consumers having smart metres.