Finance Minister Nirmala Sitharaman started her Budget 2020 speech with tributes to her former counterpart Arun Jaitley. "I pay homage to the visionary leader late Shri Arun Jaitley," she said as she presented her second Union Budget today, amid a slowdown in the economy. "The fundamentals of the economy are strong, and that has ensured macroeconomic stability. Inflation is under control," she said. "In May 2019, Prime Minister Narendra Modi received a massive mandate to form the government again. With renewed vigour we commit ourselves to serve the people of India with all humility and dedication," Ms Sitharaman said. The government has been firefighting runaway price rise and turmoil in the finance and manufacturing sector. The stock markets are open for a special trading session today.

Here are the LIVE updates on Union Budget 2020: