Union Budget 2020 — India Inc. Reacts To Finance Minister’s Aspirations

The Union Budget for 2020 was released by Finance Minister Nirmala Sitharaman on the 1st of February. This year’s budget is crucial. The country is struggling from a prolonged slowdown that has effects across sectors. India Inc. has put its hopes on the ‘aspirational’ budget 2020 presented by the FM, and this his how it reacts to the roadmap for development.

Amid fiscal consolidation, Govt. prioritizes investment in social sector

Nirmala Sitharaman said that the government was committed to the path of fiscal consolidation without compromising on requirements of public expenditure.

5 lakh crore shaved off, the market responds to budget

In an anxious move, 5 lakh crore of equity investor wealth was wiped off in a matter of 2 days. The market responds to a budget that isn’t ‘market-friendly’.

Hike in Gold custom duty risks intensify smuggling activities

In the budget, the custom duty on gold is increased from 10% to 12.5% to bring down the fiscal deficit and also to recapitalize the banks.

Take a look at how Union Budget presented over the years in India

Union Finance Minister Nirmala Sitharaman decided to go with ‘swadeshi bahi-khata’ on the day of Union Budget presentation. She kept budget documents in four fold red cloth instead of a briefcase that reminds of traditional ‘bahi-khata’ (ledger).

Budget 2019: NPAs worth Rs 4 lakh crore recovered in past four years

The government has recovered non-performing assets (NPAs) worth Rs 4 lakh crore over the past four years, Finance Minister Nirmala Sitharaman said on Friday.

Budget 2019: India to deepen corporate bond market

India will undertake multiple measures to deepen the corporate bond market, Finance Minister Nirmala Sitharaman said on Friday.

India’s bullish economic survey tips growth for fiscal year at 7%

The economic survey tabled in the Lok Sabha days before the Union Budget predicts the economic growth in the current fiscal year to reach 7.0% from 6.8% for FY 19.