Budget highlights: Super rich to be taxed more, fuel tax increases
PM Narendra Modi hailed Finance Minister Nirmala Sitharaman's maiden Budget as a 10-year vision. Here are the key takeaways of Budget 2019
Finance Minister Nirmala Sitharaman with MoS Anurag Thakur and others outside the North Block ahead of the presentation of Union Budget 2019-20 at Parliament | Photo: PTI
Finance Minister Nirmala Sitharaman on Friday hiked the income tax on individuals earning more than Rs 2 crore annually to help the government o help pay for recapitalising banks and supporting small business in a bid to revive sagging growth. However, it's not that only the rich have been asked to shoulder the burden of the country's finances. Petrol and diesel prices will increase by Rs 2 a litre from Saturday after the Union Budget proposed a hike in cess and duties.