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Union Budget 2020 Live Updates: Nirmala Sitharaman lists 16-point action plan to double farmers' income
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.
Will the government be able to revive growth with Union Budget 2020? Follow live updates on the Union Budget here
Live Updates
- 1 Feb 2020 10:06 AM GMT
Nirmala Sitharaman: Income tax rate to make sure money is in the hands of the people
- 1 Feb 2020 10:05 AM GMT
We want to bring the tax rates down and remove complications when it comes to compliance: FM Nirmala Sitharaman
- 1 Feb 2020 10:04 AM GMT
Amit Shah: In Budget, Modi govt has taken effective steps to rationalise tax system, boost basic infrastructure, strengthen banking system, promote investment and ease of doing business, which will further Modi govt’s resolve to make India a $5 trillion economy.
- 1 Feb 2020 10:03 AM GMT
Responding to the Union Budget 2020, Uttar Pradesh Chief Minister Yogi Adityanath said, "I congratulate Prime Minister Modi and Finance Minister Nirmala Sitharaman for this development oriented and pro-farmer budget. This Budget will further strengthen the economy."
- 1 Feb 2020 8:52 AM GMT
Customs duty on tableware/kitchenware made of porcelain or China ceramic, clay iron, steel, copper doubled to 20%.
- 1 Feb 2020 8:51 AM GMT
Customs duty on catalytic converters, parts of commercial vehicles, other than EVs, hiked.
- 1 Feb 2020 8:51 AM GMT
Rahul Gandhi: The main issue facing is unemployment. I didn't see any strategic idea that would help our youth get jobs. I saw tactical stuff but no central idea. It describes the govt well, lot of repetition, rambling. It showed the mindset of the govt, all talk, but nothing happening.
- 1 Feb 2020 8:50 AM GMT
Rahul Gandhi: No strategic idea and a lot of tactical stuff, redundant ideas. More than 2 hours and 45 minutes of a speech and lot of repetitions, lot of rambling, all talk and the country is suffering. You know what is going on you know what is the future and nothing happened here to help you.
- 1 Feb 2020 8:18 AM GMT
Nirmala Sitharaman stops her speech midway. Sitharaman delivers Budget speech for over 2.5 hours and ends it for the day. The Lok Sabha has been adjourned for now.
