Heena Sharma Blog

Budget 2020 LIVE updates and Budget highlights: Finance Minister Nirmala Sitharaman is presenting her second Union Budget in Parliament today. The Budget speech is being keenly watched on both sides of the aisle in Parliament, and also by investors, both domestic and foreign, besides various interest groups like farmers and the anxious middle class. Budget 2020 comes at a time when India is staring at an estimated 5 per cent annual rate of expansion, the slowest pace since 2009. The economy has lately been impacted by slowing trade, rising protectionism, and concerns over a high level of unemployment. The recent sluggishness in the economy has led to expectations that the Budget would contain further stimulus measures to boost growth through new policy initiatives and continued reforms to achieve accelerated growth and employment generation. On Friday, the government tabled the Economic Survey 2019-20, which projected the country's GDP growth for 2020-21 at 6-6.5 per cen

The Congress on Saturday expressed hope that the Union Budget would provide relief to the salaried class through tax cuts and invest in rural India besides providing a healing touch to the common man and industry facing "hardship" since demonetisation. Congress chief spokesperson Randeep Surjewala said the last budget led to crashing consumption levels, soaring unemployment and falling GDP. "Budget 2019= Consumption crashed, Unemployment soared, Farm distress surged, Incomes declined, Investments slumped, Public spending fell, GDP nose dived!," Surjewala tweeted. "Yet, Modiji gave Corporate Tax Cuts of Rs 1,45,000 crore. Let Budget 2020 give tax cuts to Salaried Class and invest in Rural India," he said Rajasthan Chief Minister Ashok Gehlot hoped the budget fulfils expectations of the common people. Read More

Budget 2020 LIVE updates: Finance Minister Nirmala Sitharaman will present her second Union Budget in Parliament at 11 am today. The Budget speech will be keenly watched on both sides of the aisle in Parliament, and also by investors, both domestic and foreign, besides various interest groups like farmers and the anxious middle class. Budget 2020 comes at a time when India is staring at an estimated 5 per cent annual rate of expansion, the slowest pace since 2009. The economy has lately been impacted by slowing trade, rising protectionism, and concerns over a high level of unemployment. The recent sluggishness in the economy has led to expectations that the Budget would contain further stimulus measures to boost growth through new policy initiatives and continued reforms to achieve accelerated growth and employment generation. On Friday, the government tabled the Economic Survey 2019-20, which projected the country's GDP growth for 2020-21 at 6-6.5 per cent. Catch All