India’s First Woman Finance Minister (FM) Nirmala Sitharaman is delivering the Union Budget 2020 of 2nd term of the Narendra Modi government on Saturday at 11:00 AM IST. Meanwhile, Nirmala Sitharaman, Prime Minister Modi and Union Home Minister Amit Shah and other prominent leaders has reached the Parliament House. FM is likely to make announcements related to Railways in the Union Budget 2020.
Significantly, It is expected to provide stimulus to revive economic growth in this union budget. It also Guided by Sabka Saath, Sabka Vikas, Sabka Vishwas, our govt scaled up the implementation of schemes that directly benefited the poor and disadvantaged, Added Finance Minister on Feb 1.
Read also, BUDGET 2021-22
Read Also, Key Highlights of Economic Survey 2019-20
However, The Economic Survey for 2019-20 was tabled in the Lok Sabha on Thursday. The Survey, which is the government’s report card for the year gone by and presents the health of the economy, comes at a time when the economy is slowing and consumption has staggered. The growth in 2020-21 compares to a projected 5 per cent expansion in 2019-20.
On Feb 1, MoS Finance Anurag Thakur has stated that, Prime Minister Modi govt believes in ‘sabka sath, sabka vikas.’ We received suggestions from across the country. The government is making efforts that this budget is good for all.
Notably, In 2019, Finance Minister Nirmala Sitharaman broke an age-old tradition of carrying a briefcase to Parliament to present the Union Budget. She carried a ‘bahi khata’ instead. A “bahi khata” is a traditional Indian ledger typically used by businesses in the country. Let us see the prospect of this budget 2020.