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Budget Recap

06 April, 2020, 05:04 AM IST

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BUDGET RECAP

On a wing and a prayer

Did Nirmala Sitharaman's last Budget leave you rich or poor? A recap

For those with taxable income of Rs 2-5 crore, the surcharge stands incr...

Fiscal deficit at 135% of Budget Estimates in February

India's fiscal deficit at the end of February was 135.2% of the revised estimate for t...

  • According to reports from ET Bureau, a 25-year old boy from Basti passed away in BRD Hospital in Gorakhpur. Worryingly, he was found to be positive after his death, following which there is now widespread fear that the deceased may have passed the contagion to many — including doctors and paramedics that he came in touch with.

    The session is likely to be concluded almost 12 days before its scheduled winding up due to the looming threat of COVID-19.

    As education and health outcomes improve, women's barriers to entry in joining the workforce would reduce. This would reverse the worrying trend of dipping female labour force participation and contribute to India’s economic growth. It would also make women more financially independent and reduce the crimes against women that begin in the household.

    As India now conducts the world’s biggest lockdown, budget pressures are set to worsen.

    Apart from Finance Bill 2020, Aircraft (Amendment) Bill and The Direct Tax Vivad Se Vishwas Bill were among the legislation introduced in the first half that concluded on February 11.

    Instead of waiting for the Budget, the government chose to unveil steps including one of the sharpest ever corporation tax reductions months after Nirmala Sitharaman presented her first Budget in July 2019.

    Parliamentary affairs minister Pralhad Joshi said a total of 12 Bills were passed by Parliament in this session. These include the budget Appropriations Bills, the Finance Bill, The Direct Tax Vivad se Vishwas Bill that aims to simplify resolution of tax disputes, budget of Jammu and Kashmir, and an amendment to the Insolvency and Bankruptcy Code.

    The state had set an ambitious target of 30,000 MW from solar energy. In his budget speech, chief minister Ashok Gehlot said ultra-mega solar parks would be development in collaboration with private sector.

    Sitharaman is likely to retain allocations made to ministries and departments in her maiden Budget.

    Amid protests by opposition MPs in Parliament over the issue of communal violence in northeast Delhi, Congress and BJP members pushed and shoved each other in the Lok Sabha.

    In the fourth budget of the Yogi government in the state, Rs 10 crore has been kept for the renovation of Tulsi Smarak Bhawan in Ayodhya. The budget also earmarked Rs 180 crore for setting up a cultural centre in Prime Minister Narendra Modi's constituency Varanasi and Rs 200 crore for the expansion and beautification of the Kashi Vishwanath temple.

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