Key takeaways from Budget 2020
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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.
The Budget proposes to allocate ₹2.83 lakh crore for agriculture, allied activities, irrigation, and rural development for FY21.
October 2025
As India’s growth story gains momentum and the number of billionaires rises, the country’s luxury market is seeing a boom like never before, with the taste for luxury moving beyond the metros. From high-end watches and jewellery to lavish residences and luxurious holidays, Indians are splurging like never before. Storied luxury brands are rushing in to satiate this demand, often roping in Indian celebs as ambassadors.
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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