Finance minister Nirmala Sitharaman presents Union Budget in Parliament. Stay tuned with EastMojo for live updates
Companies will no longer be required to pay DDT. A total of Rs 25,000 crore is revenue foregone due to DDT abolition, says FM. This will make India an attractive investment destination.
Insurance cover for each depositor now raised to Rs 5 lakh up from 1 lakh
India will host G-20 residency in 2022 during 75th year of India's independence. During this event, India would be drive global economic advantage and an allocation of Rs 100 crore has been done for this purpose.
She says there are five jewels for a country, which is one without illness, one with wealth, it will have good crops, it should have happiness as well as safety/security, quoting the poet.
FM Nirmala Sitharaman recites a verse in Kashmiri and translates it in Hindi, 'Humara watan khilte hue Shalimar bagh jaise, humara watan Dal lake mein khilte hue kamal jaisa, nau jawanon ke garam khoon jaisa, mera watan tera watan, humara watan, duniya ka sabse pyara watan'
Union Cabinet approves Budget 2020, Finance Minister Nirmala Sitharaman to present the budget in Lok Sabha shortly