Budget 2020 LIVE updates: Tax slab tweaks, higher basic exemption on agenda
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