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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.
August 2025
As India continues to be the world’s fastest-growing major economy, Fortune India presents its special issue on the nation’s Top 100 Billionaires. Curated in partnership with Waterfield Advisors, this year’s list reflects a slight decline in the number of dollar billionaires—from 185 to 182—even as the entry threshold for the Top 100 rose to ₹24,283 crore, up from ₹22,739 crore last year. From stalwarts like Mukesh Ambani, Gautam Adani, and the Mistry family, who continue to lead the list, to major gainers such as Sunil Mittal and Kumar Mangalam Birla, the issue goes beyond the numbers to explore the resilience, ambition, and strategic foresight that define India’s wealth creators. Read their compelling stories in the latest issue of Fortune India. On stands now.
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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