Finance Minister Nirmala Sitharaman to present Budget 2020 at 11 am

Finance Minister Nirmala Sitharaman to present Budget 2020 at 11 am”

The survey is usually released a day before the Union Budget is tabled. In a major step, the Survey pegs India's GDP growth at 6-6.5% rather than the 4.8% projection by the International Monetary Fund for 2020-21.

Sitharaman is also expected to announce measures to restore economic growth and to set out a clear road map for achieving the ambitious target of a $5 trillion economy by 2025.

Last year, Sitharaman had ditched the long-standing tradition of carrying budget documents in a leather briefcase and went swadeshi with a "bahi-khata". Moreover, the budget also announced a reduction in corporate tax and subsidies to the housing sector, startups and electric vehicles apart from boosting cashless economy.

Sitharaman has held a series of meetings with different sectors over the last month ahead of the preparations of the Union Budget 2020.

The Union Budget 2020 will be the seventh consecutive Budget of the BJP-led NDA government.

India gears up for the Modi government's second Union Budget which will be presented by Union Finance Minister Nirmala Sitharaman in the Parliament at 11 AM on Saturday- 1 February 2020. After that, the finance minister will meet the President and then leave for the parliament to table the Union Budget at around 11 am.

Explaining the current situation in the country, PM Narendra Modi's former chief economic advisor, Arvind Subramanian wrote, "India is facing a great slowdown", while former RBI governor Raghuram Rajan and Nobel laureate Abhijit Banerjee too have echoed similar concerns due to record "low consumer spending and rising balance deficit".

This year the survey pegs GDP growth at 6-6.5% in the fiscal year starting April 1, up from 5% in current fiscal.

Like this



01 February 2020
PETA pushes for Punxsutawney Phil to be replaced by animatronic groundhog
We'd be happy to make recommendations for a sanctuary that would welcome Phil and the other Punxsutawney groundhog. Ka experts say, he will also be able to predict the weather based on the analysis of meteorological data.

01 February 2020
C’mon PETA: Colin Kaepernick’s Kneeling Colonized By Animal Rights Organization
The PETA commercial reportedly featured a hummed version of The Star Spangled Banner as images of animals taking a knee are shown. This is far from the first time the networks have denied PETA an opportunity to air an ad.

01 February 2020
Hong Kong shares fall to near two-month low on coronavirus fears
Due to "historic tensions" with the Chinese government, none of their services are officially available in China, just like Facebook .

01 February 2020
Apple may release an iPhone with an unusual Touch ID
If this sounds like something Android handsets have been doing for 10 years rather than cutting-edge technology you may be right. The new research note indicates that Apple will reintroduce Touch ID in an all-new iPhone by integrating it in the power button.

01 February 2020
State Dept. Raises China Travel Advisory to Highest Threat Level over Coronavirus
On Saturday, South Korea reported its 12th case of the new coronavirus, which appeared to be a human-to-human transmission. As of Friday, six people have been diagnosed with novel coronavirus in the US , according to the CDC.

01 February 2020
Amy Klobuchar Balancing Impeachment Trial and Iowa Caucuses
Cory Gardner, R-Colo., said he would ask about executive "privilege and some other questions that concern constitutional rights". Democrats need four Republican senators to join them in voting for witnesses in order to get a majority in the 100-seat Senate.

01 February 2020
Lafayette Concert Featured In Netflix Taylor Swift Documentary
I need you, dad, to forgive me for doing it, because I'm doing it", she tearily tells her father, Scott . And I was only bothered by her model friends because I'd like to be her friend and I'm not a model.

01 February 2020
U.S. travel ban: Trump puts restrictions on six more countries
One DHS official estimated the affected population of people barred from immigrating to the US might total 12,000 per year. The visas affected are distinct from non-immigrant visitor visas, which will not be impacted by the ban, Wolf said.

01 February 2020
Yemen's Huthis claim attack on Saudi oil facilities
Yemen's Houthi movement claimed to have targeted Saudi Arabia's Aramco facilities in the port city of Jizan, reports said. A Saudi-led military coalition intervened in 2015 in a bid to restore him.

01 February 2020
Last possible coronavirus case in MI ruled negative
According to the Department of Health, there were 15-thousand confirmed cases of the virus during the week ending January 25th. At this time, there are no other persons in Oklahoma who meet the established criteria for testing, according to OSDH.