Advertise

MM_logo_black

| 2 minutes read

2 minutes read

Budget 2020 Key Announcements & How Netizens Are Reacting To It

| Published on February 1, 2020

India’s Finance Minister Nirmala Sitharaman presented Union Budget 2020 in the Parliament today. Her speech had several important announcements about the future of economy and financial sector. Below are the key annuncements of Budget 2020:

  • Reduced Income tax slabs: 10% for income between Rs 5-7.5 lakh; 15% for Rs 7.5-10 lakh; 20% for Rs 10-12.5 lakh; 30% for Rs 15 lakh and more. No tax for those earning up to Rs 5 lakh.
  • Bank Deposit guarantee raised to Rs 5 lakh from the current Rs 1 lakh
  • The government allocated Rs 28,600 crore for programmes specifically for women.
  • Rs 27,300 crore allocated for development and promotion of industry and commerce.
  • Rs 99,300 crore allocated for the Education sector, Rs 3,000 crore for skill development in FY21.
  • Approval of Rs 3.6 lakh crore for Jal Jeevan Mission to provide safe drinking water to rural India.
  • Rs 69,000 crore allocated for healthcare initiatives in India.
  • Rs 2.83 lakh crores allocated for the Agriculture sector, which includes: irrigation, rural development, Panchayati Raj.

Here’s how Twitteratti is reacting on #UnionBudget2020.

1.

2.


3.
https://twitter.com/Shehzad_Ind/status/1223510934506704897
4.


5.


6.

Source: Trak & FinancialExpress

(This is a developing story)

What are your views on the Union Budget 2020? Share your views in the comment section.

Related Posts

Mock
Mock

Latest

Mock
Mock