Repayment for past loans in the next financial year has been pegged at Rs 2.35 trillion
While the Budget estimate was at Rs 241.29 crore for 2019-20, in case of 2018-19 (actual) it was Rs 154.54 crore
To reward states for lower total fertility rate and better tax collection
It really pleases no one. This Budget behaves as if the country is not facing an economic crisis. Instead, its as if its business as usual in the country
Although, a gross tax revenue expansion of 12 per cent seems reasonable in light of the 10 per cent growth expected in the nominal GDP in FY20-21, the revenue assumptions made for FY20 seem aggressive
The government has promised to raise Rs 120,000 crore via disinvestment, and an additional Rs 90,000 crore from sale of government equity in public-sector banks and financial institutions, in 2020-21
Centre's flagship scheme, KUSUM, which aims to provide solar-run irrigation pumps to farmers, has been allotted Rs 1,000 cr, or barely 0.01% of the total estimated outlay
On Dec 31, the govt had unveiled an NIP worth Rs 1.03 trillion, listing around 6,500 projects across sectors
Fertiliser subsidy down, food subsidy up
To reduce the crunch in working capital for MSMEs, the minister proposed to amend the Factoring Regulation Act, 2011
The significant tax alleviation measures and plan to boost agricultural sector and improve farmers' conditions should have a direct positive impact
A snapshot of the key numbers released by Finance Minister Nirmala Sitharaman in Union Budget 2020
Bank of India Managing Director A K Das said the budget is forward looking as it aims to revive demand and growth
Next year's target is the highest ever
Another flagship programme, the Smart Cities Mission has been given Rs 6,450 crore as against Rs 3,450 crore.
They pointed out that the Mumbai suburban network did not even get a mention in the Budget speech whereas there was an announcement about the Rs 18,600-crore Bengaluru suburban transport project
Income tax rates have been slashed, but can be availed only if the taxpayer lets go of most exemptions
The Law Ministry is the administrative ministry for the Election Commission
Widest deviation from fiscal deficit seen under Modi government
India has set a target to raise renewable energy capacity to 175 gigawatts by 2022