Union Budget 2020 Live Updates: Nirmala Sitharaman lists 16-point action plan to double farmers' income

Update: 2020-02-01 09:31 IST

The Union Budget 2020 is all set to be tabled in the Lok Sabha on February 1 by Finance Minister Nirmala Sitharaman. The finance minister is expected to put out all available measures to give a boost to failing consumer demand and investment at a time when the economy is reeling under one of its worst slowdowns in decades.

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Will the government be able to revive growth with Union Budget 2020? Follow live updates on the Union Budget here

Live Updates
2020-02-01 12:12 GMT

Union Minister of Commerce & Industry, Piyush Goyal: Rahul Gandhi didn't seem very enthused with the budget, if he has any issue-based questions I can answer them but if he only wants to use adjectives, I'm seeing 10 times better adjectives that are positive on the television. 

2020-02-01 12:00 GMT

We believe in the citizen of India and there will be no need to audit firms with a turnover of till Rs 5 crore. No CA certification would be needed. The limit was previously at Rs 1 crore: PM Modi 

2020-02-01 11:59 GMT

Several tax concessions have been given to attract foreign investment. Tax benefits have also been provided for start-ups and real estate sector. All these decisions will boost the economy faster and will provide new employment opportunities: PM Modi 

2020-02-01 11:59 GMT

Investment is the biggest driver for employment. Steps have been taken to strengthen the bond market and finance for infrastructure. The removal of DDT will hand companies Rs 25,000 crore that will be further invested by them: PM Modi 

2020-02-01 11:58 GMT

"The goal to develop 100 airports in the country is very important for the tourism sector of the country. In tourism, there is more possibility of employment/income generation with lesser investment" says Prime Minister Narendra Modi. 

2020-02-01 11:57 GMT

Students will benefit most from this budget, says PM Modi 

2020-02-01 11:57 GMT

Tax payer charter announced in Budget will clarify rights of tax payers: PM Modi 

2020-02-01 11:57 GMT

In order to double the income of the farmer, 16 action points have been created which will work to increase employment in rural areas: PM Modi 

2020-02-01 11:56 GMT

The main areas of employment are agriculture, infrastructure, textiles and technology. In order to increase employment, these four sectors have been given a lot of emphasis in this Budget: PM Modi 

2020-02-01 11:56 GMT

Govt has announced many measures in Budget to push employment in country: PM Modi 

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