Macro
Key takeaways from Budget 2020
Budget 2020 proposes to introduce a new tax regime with lower tax rate rates for individual taxpayers who forego certain deductions and exemptions.
With India is set to have the largest working-age population in the world by 2030, Budget 2020 proposes to provide about ₹3,000 crore for skill development.
The Budget proposes to allocate ₹2.83 lakh crore for agriculture, allied activities, irrigation, and rural development for FY21.
PM-KUSUM scheme will also help another 1.5 million farmers solarise their grid-connected pump sets.
The Budget also proposes to provide an outlay of ₹8,000 crore over a period five years for the National Mission on Quantum Technologies and Applications.
Finance minister Nirmala Sitharaman says LIC to go public.
The Budget proposes to provide ₹3,150 crore to the ministry of culture for 2020-21.
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