The revival of faith of the taxpayer and investor seemed the running theme of the longest-ever budget speech. Interestingly, there was a simplicity about the speech to make it connect.
What we got in this Budget was not just 'pakodanomics', but 'thalinomics'. It was a mess of ideas, of mixed-up priorities - raising tariffs while insisting on creating more tradeable goods for exports, for example.
Finance Minister Nirmala Sitharaman presented the longest-ever Union Budget 2020 speech in parliament today, with promises to boost people's income and purchasing power. She stressed that the economy's fundamentals were strong and inflation was well contained. The Finance Minister said the three major themes of the Budget are aspirational India, a caring society and economic development for all.
Finance Minister Nirmala Sitharaman said Central government's debt reduced to 48.7% of GDP in 2019 from 52.2% and has clocked a GDP growth of 7.4% over 2014-19 & FDI increased from $119 bn in 2009-14 to $ 284 billion.
Finance Minister Nirmala Sitharaman today said a task force will be set up to recommend marriageable age for women.
Finance Minister Nirmala Sitharaman, in her Union Budget 2020 announcements, introduced the "Krishi UDAN Yojana", meant to benefit farmers from the northeast and those in tribal districts.
Finance Minister Nirmala Sitharaman today recited a Kashmiri verse in the middle of her Budget 2020 announcement.
Early in her presentation of the country's budget, finance minister Nirmala Sithraman referred to her predecessor, Arun Jaitley, and said his work on introducing the Goods and Services Tax was a huge contribution. Mr Jaitley died in August 25, 2019.
Finance Minister Pranab Mukherjee on Tuesday said the union budget would be presented in the first week of July.
Banerjee is expected to come up with a handful of populist measures in her first rail budget in eight years.
The rail budget, presented by Mamata Banerjee in Parliament on Friday, has evoked mixed reactions from political parties.