Prime Minister Narendra Modi will launch a platform for honouring the country's honest taxpayers on Thursday. The 2020-21 Budget unveiled on February 1, had announced a 'taxpayer charter', ...
In spite of major concessions announced by way of an ordinance in October 2019, the Indian economy continued to dwindle in the backdrop of the global economic meltdown. The current economic...
The new tax regime could mean savings of up to ₹15,600 for people earning more than ₹13 lakh per month. A person earning ₹15 lakh will be losing out on at least ₹73,000 in tax benefits as t...
People will have to shell extra money in order to get imported shoes from brands like Jimmy Choo, Gucci, Loui Vuitton and Loberton Paris. Single-brand retailers of furniture of foreign orig...
Finance Minister Nirmala Sitharaman will present the annual budget 2020 to the Parliament on February 1, 2020 at 11:00 A.M. Catch all the live updates on the Budget 2020 on Business Insider...
What is the Defence budget of India in 2020? Finance Minister Nirmala Sitharaman's announced to keep a ₹4.71 lakh crore budget for Defence for FY 2020-21. What is the Health budget in 2020?...
The government has introduced new 'optional' tax slabs for individual taxpayers. Instead of five different tax slabs, the new tax regime has seven tax slabs. It also the lowers the tax for ...
Electric vehicles are all set to get dearer thanks to increase in customs duty rates by up to 67%. Elon Musk had earlier said Tesla might run on Indian roads in 2020. The increase in custom...
To crack down on the rising pollution levels in larger cities — having a population of over a million — Finance Minister Nirmala Sitharaman allocated ₹4,400 crore to clean air. Sitharaman a...
As India progresses towards skill development initiatives, Finance Minister Nirmala Sitharaman allocated ₹99,300 crore to the education sector — including ₹3,000 crore for the skill segment...
The Finance Minister Nirmala Sitharaman allocated ₹99,300 crore to the education sector -- including ₹3,000 crore for the skill development initiatives. This is a ₹4,500 crore rise from las...
Nirmala Sitharaman said that “the youth are no longer job seekers but are job creators.” She expanded the tax relief given to startups. Earlier, a startup with turnover up to ₹25 crores was...
Finance Minister Nirmala Sitharaman called startups the ‘strength of India’ as she pushed “job seekers” to turn “job creators”. In a big move, employees at startups who have stock options w...
Nirmala Sitharaman broke her own record of “the longest speech” ever, during the Union Budget 2020 at the Lok Sabha. But that is not the only new thing. Her ‘Bahi-khata’ had many new scheme...
New income tax slabs: 10% tax on income between ₹7.5 lakh without exemption compared to 20% right now. 15% tax on income between ₹7.5 lakh and ₹10 lakh without exemption compared to 20% rig...
The Indian government budgeted for aggregate gross revenue (AGR) dues in the budget document. The government expects ₹1,33,027 crore in telecom revenue for 2020-21. Telecom industry sources...
Ministry of Civil Aviation has been allocated Rs 3,797 crore in this year's Budget, 2.62 per cent higher than Rs 3,700 crore which was allocated in the 2019-20 fiscal year. For the purchase...
Nirmala Sitharaman increased the guarantee that the government offers depositors as banks fail – from ₹1 lakh to ₹5 lakh. This is the first time in 59 years that the government moved to inc...
01 Feb 2020, 15:15 by Navdeep Yadav,Prabhjote Gill
₹4.71 lakh crore allocated to defence in Union Budget 2020. ₹1.33 lakh crore allocated to defence pensions. According to World Bank, India is the fourth largest military spending nation. Th...
Nirmala Sitharaman recited a Kashmiri poem by Sahitya Academy winner Pandit Deenanath Kaul during Budget speech. She also read verses of Tamil saint Avvayyar and Thiruvallur. Kalidasa’s San...
India's Budget 2020-21 proposes to geo-tag cold storage facilities in India. Finance minister Nirmala Sitharaman announced that the National Bank for Agricultural and Rural Development (NAB...
India’s Union Budget 2020 proposes using machine learning (ML) and artificial intelligence (AI) for the Aayushman Bharat Scheme. Finance minister Nirmala Sitharaman claims that such solutio...
Finance minister Nirmala Sitharaman allocated ₹6,000 crore towards BharatNet. The budget proposes to connect over 1 lakh Gram Panchayats in 2020. It plans to bring rural and remote regions ...
The government has allocated ₹13,479 towards the Department of Space. The bulk of the allocation continues to go towards space technology. The budget allocation has only increased by 8% thi...
Finance minister Nirmala Sitharam announced allocation of ₹3150 crore for Ministry of Culture and proposes the establishment of Indian Institute of Heritage and Conservation under the minis...
