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UNION BUDGET 2020

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  • India exempts very low sulphur fuel oil from import tax

    3 weeks ago

  • The government is trying to increase the disposable income in the hands of the common man: Abhishek Bansal of Abans Group

    3 weeks ago

  • The Budget 2020 is broadly in line with what was expected namely reform in DDT and Direct Tax Code: Abans Group

    3 weeks ago

  • Extending NABARD refinance will reduce NBFCs' funding cost, improve liquidity: KPMG

    3 weeks ago

  • Textile industry expects budget to spur exports

    3 weeks ago

  • CTT on commodity indices and options in goods proposed

    3 weeks ago

  • Budget lacks immediate demand booster for auto sector: FADA

    3 weeks ago

  • FM's Budget speech lengthiest, lacked farsightedness: Sharad Pawar

    3 weeks ago

  • MoHUA allocated Rs 50,000 crore in Budget

    3 weeks ago

  • Budget 2020 saw a hike in customs duty across sectors: Richard Rossow of CSIS

    3 weeks ago

  • International community looks at this Budget very sourly: Richard Rossow of CSIS

    3 weeks ago

  • Govt hikes farm credit target to Rs 15 lakh cr; allocates Rs 1.6 lakh cr for agri sector

    3 weeks ago

  • Govt to provide uniform tax treatment for unlisted InvITs, REITs

    3 weeks ago

  • Moody's: Do not see 6% FY21 growth materialising at this stage

    3 weeks ago

  • Expect 5.5% growth for India in FY21: Moody's

    3 weeks ago

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01

Govt abolishes DDT; experts see more participation from investors

02

FM announces new income tax slabs and rates, tweaks exemption structure

03

Deposit insurance cover increased to Rs 5 lakh

04

FM Nirmala Sitharaman says LIC to be listed

05

FM announces new direct tax dispute settlement scheme

Videos

Pawan Goenka

Reactions on : ALL

Pawan Goenka

Expert QuoteWhile we don\'t see any fiscal room for GST cuts in the auto sector, we hope that the price increase of cars that will happen with the GST on BSVI would somehow be neutralised, that would be beneficial to the industry.

Nilesh Shah

Reactions on : ALL

Nilesh Shah

Expert QuoteThe budget is good on intent. However, the key is efficient execution in a time-bound manner. There are many positives to simplify things and encourage entrepreneurs but again, key will be execution in a time-bound manner. Intent needs to be converte

Uddhav Thackeray

Reactions on : ALL

Uddhav Thackeray

Expert QuoteThis budget is unjust for Maharashtra and Mumbai which is the country\'s growth engine.

Umesh Revankar

Reactions on : ALL

Umesh Revankar

Expert QuoteThe budget presented by Ms. Nirmala Sitharaman is a pro-consumption budget. It strikes a balancing act between the urban and rural requirements.

Hardeep Singh Puri

Reactions on : ALL

Hardeep Singh Puri

Expert QuoteThe Krishi Udaan Yojna, to be launched on international and national routes, will immensely help in bringing our North-East and tribal districts to the forefront. This will help investors realise the unearthed potential of these regions and attract i

JP Nadda

Reactions on : ALL

JP Nadda

Expert QuoteThis first budget of the third decade of the 21st century reflects aspirations, hopes, and the country\'s faith in the government.

Arvind Kejriwal

Reactions on : ALL

Arvind Kejriwal

Expert QuoteDelhi had high expectations from the Budget, but step-motherly treatment has been meted out to it again. When Delhi doesn\'t figure in the BJP\'s priorities, why should people vote for it?

Harshil Mathur

Reactions on : ALL

Harshil Mathur

Expert QuoteThe budget does meet some of the expectations from the FinTech industry and startups.

P Chidambaram

Reactions on : ALL

P Chidambaram

Expert QuoteThe government has given up on reviving the economy or accelerating the growth rate or promoting private investment or increasing efficiency or creating jobs or winning a greater share of world trade.

Narendra Modi

Reactions on : ALL

Narendra Modi

Expert QuoteThe main areas of employment are agriculture, infrastructure, textiles and technology. In order to increase employment generation, these four have been given a lot of emphasis in this budget.

Piyush Goyal

Reactions on : ALL

Piyush Goyal

Expert QuoteFM Sitharaman has ensured that the Budget is all rounded. Consumption and investment go hand in hand and compliance is the USP of this Govt.

Deepak Parekh

Reactions on : ALL

Deepak Parekh

Expert QuoteThe budget has some very positive aspects as the disposable income in the hands of the middle-class people and people earning lower salaries will increase and so consumption has to increase.

Jimeet Modi

Reactions on : ALL

Jimeet Modi

Expert QuoteMarkets should have a long-term view rather than just focus on the short term. To sum it all, the Budget is long term growth oriented but lacks short term kickers.

Amit Shah

Reactions on : ALL

Amit Shah

Expert QuoteModi govt has taken effective steps to rationalise tax system, boost basic infrastructure, strengthen banking system, promote investment & ease of doing business.

Ajit Mishra

Reactions on : ALL

Ajit Mishra

Expert QuoteThe Budget fell short of expectations as the stimulus package for rural, infrastructure and transportation was up marginally. Further, even the personal income tax came with a caveat of having to forego earlier exemptions and deductions.

Yogi Adityanath

Reactions on : ALL

Yogi Adityanath

Expert QuoteI congratulate PM Modi and FM Nirmala Sitharaman for this development oriented and pro-farmer budget. This Budget will further strengthen the economy.

Rahul Gandhi

Reactions on : ALL

Rahul Gandhi

Expert QuoteThe main issue is unemployment. I did not see any concrete, strategic idea that could help our youngsters get jobs. There were redundant things in the budget and I did not see any central idea

Kamlesh Rao

Reactions on : ALL

Kamlesh Rao

Expert QuoteAbolition of DDT, tax relief to middle class and lower middle class segments along with simplification of the tax regime will improve public sentiment and augur well for the economy.

Dinanath Dubhashi

Reactions on : ALL

Dinanath Dubhashi

Expert QuoteThe Budget has done a great job of supporting growth by tweaking taxes and facilitating the development of core sectors like agriculture and allied activities, renewables, exports and social sectors with thrust on digitisation. This is strongly posit

Sitaram Yechury

Reactions on : ALL

Sitaram Yechury

Expert QuoteJust platitudes & slogans. Nothing substantial to alleviate peoples\' misery, the growing unemployment, rural wage crash, farmers\' distress suicides and galloping prices.

Anand Sharma

Reactions on : ALL

Anand Sharma

Expert QuoteBudget is insipid lacking in stimulus for growth. No clear roadmap for job creation.

Rajnath Singh

Reactions on : ALL

Rajnath Singh

Expert QuoteThis new tax regime will reduce tax burden on common man. It will pave the way for an efficient tax system, in sync with the best practises in the world.

Santosh Kamath

Reactions on : ALL

Santosh Kamath

Expert QuoteReduction in corporate tax rate to 15% for new power generation will help new investments in renewable generation particularly. This will provide a big boost for this sector.

Kiran Mazumdar Shaw

Reactions on : ALL

Kiran Mazumdar Shaw

Expert QuoteFM Sitharaman promises an end to tax harassment to India Inc., correcting Companies Act to decriminalise many non-compliances. A much needed message to infuse trust.

Subhash Chandra Garg

Reactions on : ALL

Subhash Chandra Garg

Expert QuoteHope GST estimation next year will be more realistic.

Niranjan HIranandani

Reactions on : ALL

Niranjan HIranandani

Expert QuoteI\'ve never seen a liquidity crisis as bad as it is today. No matter how good the budget is if the oil in the mechanism of the economy is not working, the economy can\'t move.

Arundhati Bhattacharya

Reactions on : ALL

Arundhati Bhattacharya

Expert QuoteThere should be a proper packaging of infrastructure projects before they are announced.

Kiran Mazumdar Shaw

Reactions on : ALL

Kiran Mazumdar Shaw

Expert QuoteOur economic cancer needs immunotherapy not chemotherapy. We need to treat the causality not the symptoms - hope the Budget takes this approach. Wealth creation is a key part of our economic immune system!

Abhijit Banerjee

Reactions on : ALL

Abhijit Banerjee

Expert QuoteThere is no need for a further cut in corporate taxes. The corporate sector is sitting on cash and not investing due to a demand problem. The government needs to get the demand side going.

Harsha Upadhyaya

Reactions on : ALL

Harsha Upadhyaya

Expert QuoteThe focus would be on how government manages non-tax revenues given the fact that tax revenues are unlikely to show a big jump going forward.

Mark Mobius

Reactions on : ALL

Mark Mobius

Expert QuoteI would like to see substantially more spending on infrastructure. That is the key ? for two reasons, one is that country needs it and good infrastructure will speed up the commerce and trading generally.

P Chidambaram

Reactions on : ALL

P Chidambaram

Expert QuoteHope for the best, prepare for the worst

Pranjul Bhandari

Reactions on : ALL

Pranjul Bhandari

Expert QuoteWe think they will try to tighten the goods and services tax (GST). We are expecting higher GST revenues in FY21. We expect a GST buoyancy of 1.2 which is quite high, last year it was about only 0.5.

Keki Mistry

Reactions on : ALL

Keki Mistry

Expert QuoteThere should be four broad themes of the Budge - Housing, capital market reforms, re-alignment of personal tax rates to boost consumption, and a focus on the rural economy

Rashesh Shah

Reactions on : ALL

Rashesh Shah

Expert QuoteMy expectation would be that government does expand on the disinvestment programme and raise a lot of revenue through asset sales.

Arvind Kejriwal

Reactions on : ALL

Arvind Kejriwal

Expert QuoteWe want the Centre to make several announcements about Delhi so that people benefit, and Delhi?s development is fast-tracked.

Vinay Khattar

Reactions on : ALL

Vinay Khattar

Expert QuoteThe government could focus on creating demand. Whether it is incentive through a tax cut for buying houses to income tax or GST cuts there are multiple options that the govt can choose from to revive demand.

Rajiv Bajaj

Reactions on : ALL

Rajiv Bajaj

Expert QuoteAt a time when GST for EVs has been correctly lowered to 5%, we should consider lowering GST for petrol or diesel vehicles from 28 to 18%.

Raghuram Rajan

Reactions on : ALL

Raghuram Rajan

Expert QuoteI would hope that the government comes up with a medium-term plan on how it will reach fiscal sustainability even if it has to go a little more in spending this time around.

Pawan Goenka

Reactions on : Business

Pawan Goenka

Expert QuoteWhile we don\'t see any fiscal room for GST cuts in the auto sector, we hope that the price increase of cars that will happen with the GST on BSVI would somehow be neutralised, that would be beneficial to the industry.

Hardeep Singh Puri

Reactions on : Business

Hardeep Singh Puri

Expert QuoteThe Krishi Udaan Yojna, to be launched on international and national routes, will immensely help in bringing our North-East and tribal districts to the forefront. This will help investors realise the unearthed potential of these regions and attract i

Harshil Mathur

Reactions on : Business

Harshil Mathur

Expert QuoteThe budget does meet some of the expectations from the FinTech industry and startups.

Santosh Kamath

Reactions on : Business

Santosh Kamath

Expert QuoteReduction in corporate tax rate to 15% for new power generation will help new investments in renewable generation particularly. This will provide a big boost for this sector.

Niranjan HIranandani

Reactions on : Business

Niranjan HIranandani

Expert QuoteI\'ve never seen a liquidity crisis as bad as it is today. No matter how good the budget is if the oil in the mechanism of the economy is not working, the economy can\'t move.

Arundhati Bhattacharya

Reactions on : Business

Arundhati Bhattacharya

Expert QuoteThere should be a proper packaging of infrastructure projects before they are announced.

Keki Mistry

Reactions on : Business

Keki Mistry

Expert QuoteThere should be four broad themes of the Budge - Housing, capital market reforms, re-alignment of personal tax rates to boost consumption, and a focus on the rural economy

Rajiv Bajaj

Reactions on : Business

Rajiv Bajaj

Expert QuoteAt a time when GST for EVs has been correctly lowered to 5%, we should consider lowering GST for petrol or diesel vehicles from 28 to 18%.

Jimeet Modi

Reactions on : Markets

Jimeet Modi

Expert QuoteMarkets should have a long-term view rather than just focus on the short term. To sum it all, the Budget is long term growth oriented but lacks short term kickers.

Mark Mobius

Reactions on : Markets

Mark Mobius

Expert QuoteI would like to see substantially more spending on infrastructure. That is the key ? for two reasons, one is that country needs it and good infrastructure will speed up the commerce and trading generally.

Pranjul Bhandari

Reactions on : Markets

Pranjul Bhandari

Expert QuoteWe think they will try to tighten the goods and services tax (GST). We are expecting higher GST revenues in FY21. We expect a GST buoyancy of 1.2 which is quite high, last year it was about only 0.5.

Rashesh Shah

Reactions on : Markets

Rashesh Shah

Expert QuoteMy expectation would be that government does expand on the disinvestment programme and raise a lot of revenue through asset sales.

Vinay Khattar

Reactions on : Markets

Vinay Khattar

Expert QuoteThe government could focus on creating demand. Whether it is incentive through a tax cut for buying houses to income tax or GST cuts there are multiple options that the govt can choose from to revive demand.

Nilesh Shah

Reactions on : People

Nilesh Shah

Expert QuoteThe budget is good on intent. However, the key is efficient execution in a time-bound manner. There are many positives to simplify things and encourage entrepreneurs but again, key will be execution in a time-bound manner. Intent needs to be converte

Uddhav Thackeray

Reactions on : People

Uddhav Thackeray

Expert QuoteThis budget is unjust for Maharashtra and Mumbai which is the country\'s growth engine.

Umesh Revankar

Reactions on : People

Umesh Revankar

Expert QuoteThe budget presented by Ms. Nirmala Sitharaman is a pro-consumption budget. It strikes a balancing act between the urban and rural requirements.

JP Nadda

Reactions on : People

JP Nadda

Expert QuoteThis first budget of the third decade of the 21st century reflects aspirations, hopes, and the country\'s faith in the government.

Arvind Kejriwal

Reactions on : People

Arvind Kejriwal

Expert QuoteDelhi had high expectations from the Budget, but step-motherly treatment has been meted out to it again. When Delhi doesn\'t figure in the BJP\'s priorities, why should people vote for it?

Narendra Modi

Reactions on : People

Narendra Modi

Expert QuoteThe main areas of employment are agriculture, infrastructure, textiles and technology. In order to increase employment generation, these four have been given a lot of emphasis in this budget.

Piyush Goyal

Reactions on : People

Piyush Goyal

Expert QuoteFM Sitharaman has ensured that the Budget is all rounded. Consumption and investment go hand in hand and compliance is the USP of this Govt.

Deepak Parekh

Reactions on : People

Deepak Parekh

Expert QuoteThe budget has some very positive aspects as the disposable income in the hands of the middle-class people and people earning lower salaries will increase and so consumption has to increase.

Ajit Mishra

Reactions on : People

Ajit Mishra

Expert QuoteThe Budget fell short of expectations as the stimulus package for rural, infrastructure and transportation was up marginally. Further, even the personal income tax came with a caveat of having to forego earlier exemptions and deductions.

Yogi Adityanath

Reactions on : People

Yogi Adityanath

Expert QuoteI congratulate PM Modi and FM Nirmala Sitharaman for this development oriented and pro-farmer budget. This Budget will further strengthen the economy.

Rahul Gandhi

Reactions on : People

Rahul Gandhi

Expert QuoteThe main issue is unemployment. I did not see any concrete, strategic idea that could help our youngsters get jobs. There were redundant things in the budget and I did not see any central idea

Kamlesh Rao

Reactions on : People

Kamlesh Rao

Expert QuoteAbolition of DDT, tax relief to middle class and lower middle class segments along with simplification of the tax regime will improve public sentiment and augur well for the economy.

Dinanath Dubhashi

Reactions on : People

Dinanath Dubhashi

Expert QuoteThe Budget has done a great job of supporting growth by tweaking taxes and facilitating the development of core sectors like agriculture and allied activities, renewables, exports and social sectors with thrust on digitisation. This is strongly posit

Sitaram Yechury

Reactions on : People

Sitaram Yechury

Expert QuoteJust platitudes & slogans. Nothing substantial to alleviate peoples\' misery, the growing unemployment, rural wage crash, farmers\' distress suicides and galloping prices.

Rajnath Singh

Reactions on : People

Rajnath Singh

Expert QuoteThis new tax regime will reduce tax burden on common man. It will pave the way for an efficient tax system, in sync with the best practises in the world.

Kiran Mazumdar Shaw

Reactions on : People

Kiran Mazumdar Shaw

Expert QuoteFM Sitharaman promises an end to tax harassment to India Inc., correcting Companies Act to decriminalise many non-compliances. A much needed message to infuse trust.

P Chidambaram

Reactions on : People

P Chidambaram

Expert QuoteHope for the best, prepare for the worst

Arvind Kejriwal

Reactions on : People

Arvind Kejriwal

Expert QuoteWe want the Centre to make several announcements about Delhi so that people benefit, and Delhi?s development is fast-tracked.

P Chidambaram

Reactions on : Policy

P Chidambaram

Expert QuoteThe government has given up on reviving the economy or accelerating the growth rate or promoting private investment or increasing efficiency or creating jobs or winning a greater share of world trade.

Amit Shah

Reactions on : Policy

Amit Shah

Expert QuoteModi govt has taken effective steps to rationalise tax system, boost basic infrastructure, strengthen banking system, promote investment & ease of doing business.

Anand Sharma

Reactions on : Policy

Anand Sharma

Expert QuoteBudget is insipid lacking in stimulus for growth. No clear roadmap for job creation.

Subhash Chandra Garg

Reactions on : Policy

Subhash Chandra Garg

Expert QuoteHope GST estimation next year will be more realistic.

Kiran Mazumdar Shaw

Reactions on : Policy

Kiran Mazumdar Shaw

Expert QuoteOur economic cancer needs immunotherapy not chemotherapy. We need to treat the causality not the symptoms - hope the Budget takes this approach. Wealth creation is a key part of our economic immune system!

Abhijit Banerjee

Reactions on : Policy

Abhijit Banerjee

Expert QuoteThere is no need for a further cut in corporate taxes. The corporate sector is sitting on cash and not investing due to a demand problem. The government needs to get the demand side going.

Harsha Upadhyaya

Reactions on : Policy

Harsha Upadhyaya

Expert QuoteThe focus would be on how government manages non-tax revenues given the fact that tax revenues are unlikely to show a big jump going forward.

Raghuram Rajan

Reactions on : Policy

Raghuram Rajan

Expert QuoteI would hope that the government comes up with a medium-term plan on how it will reach fiscal sustainability even if it has to go a little more in spending this time around.

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Want to contribute to the making of Budget 2020? Make a wishlist and be heard by Finance Minister Nirmala Sitharaman. Moneycontrol will curate the best views from experts and individual investors like yourself and present an 'Investor's Manifesto' to the FM. Pick from the options or put down your thoughts in the comment section below.

  • Increase in 80C deductions limit
  • Increase in tax exemption limit
  • Relief on home loans, education loans

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    Feb 21, 2020, 13:30 hrs

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