Macro

Key takeaways from Budget 2020

Illustration by Anirban Ghosh
Illustration by Anirban Ghosh

Budget 2020 proposes to introduce a new tax regime with lower tax rate rates for individual taxpayers who forego certain deductions and exemptions.


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Illustration by Anirban Ghosh
Illustration by Anirban Ghosh

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.


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Illustration by Anirban Ghosh
Illustration by Anirban Ghosh

The Budget proposes to allocate ₹2.83 lakh crore for agriculture, allied activities, irrigation, and rural development for FY21.


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Illustration by Anirban Ghosh
Illustration by Anirban Ghosh

PM-KUSUM scheme will also help another 1.5 million farmers solarise their grid-connected pump sets.


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Illustration by Anirban Ghosh
Illustration by Anirban Ghosh

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.


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Illustration by Anirban Ghosh
Illustration by Anirban Ghosh

Finance minister Nirmala Sitharaman says LIC to go public.


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Illustration by Anirban Ghosh
Illustration by Anirban Ghosh

The Budget proposes to provide ₹3,150 crore to the ministry of culture for 2020-21.

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