Kumar vijay singh, Member of Parliament, Lok Sabha

Finance Minister Nirmala Sitharaman will present her second Union Budget on February 1. The 2020-21 budget is expected to have a plan of action to fight economic slowdown. In the July-September quarter of FY20, GDP growth has already declined to a six-year low level of 4.5%, with the current fiscal's direct tax collection falling for the first time in the negative zone.Budget 2020 date, time:The Budget session of the Parliament will begin on January 31 at 11 am with a speech by President Ram Nath Kovind who will address a joint session of both Lok Sabha and Rajya Sabha. Chief Economic Adviser KV Subramanian is likely to table the Economic Survey in the Rajya Sabha the same day.Union Budget 2020 will be presented in the Parliament on February 1 at 11 am, according to the Lok Sabha calendar. Since 2017, the Narendra Modi government has merged the Railway Budget with the Union Budget and also advanced its date by a month. Earlier, the Union Budget was unveiled on the last day of February.This year's February 1 is falling on a Saturday when the Parliament is usually shut. Even stock exchanges, which are closed on both days of the weekend, have decided to conduct business on Budget day like any other weekday. Share market traders and investors will not have to wait till Monday to react to any Budget announcements by Nirmala Sitharaman.Banking services, however, could be affected on February 1 as the unions have decided to sit on a two-day bank strike over wage related issues from January 31. Banks are open on the first, third and fifth Saturdays of every month.Budget expectations:One of the biggest challenges before the Modi government is to rescue the Indian economy from a slump. The statistics ministry expects the economy to grow at 5% in the current fiscal, the slowest pace of annual growth since 2012-13. Making things tougher, retail inflation also shot to a five-and-a-half-year high of 7.35% in December.After a cut in effective corporate tax rate from 35% to 25%, finance minister Nirmala Sitharaman is now widely expected to provide similar relief on income tax to the middle-class as well. The finance ministry may allow individual taxpayers to pay a lower flat rate of tax if they forego all exemptions.There are reports that the government might also give relief on long term capital gains (LTCG) tax and dividend distribution tax (DDT) to cheer stock markets. Any stimulus measures would, however, be limited by fiscal constraints. (Mint)

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In a major relief to middle class, Finance Minister Nirmala Sitharaman has proposed to cut income tax rates and change slabs to lower tax incidence for those earning upto Rs 15 lakh a year. ...

Finance Minister Nirmala Sitharaman will on Saturday present the budget of the second term of the Narendra Modi government. ...

A petition has been filed in the Delhi High Court seeking a bar on ten MPs from the erstwhile state of Jammu and Kashmir from entering the Parliament. ...

President Ram Nath Kovind on Friday hit out at those who indulge in violent activities in the name of protests and said that the government is ready for mutual discussions and debate on each issue but said such violent activities weaken the society a ...

The Budget session of Parliament, beginning on Friday, is set to be stormy as the opposition parties plan to take on the government on issues, like the economic slowdown and the Citizenship Amendment Act (CAA) that is facing countrywide protests. ...

Finance Minister Nirmala Sitharaman is all set to present her second budget on February 1 and ahead of the ... ...

The Supreme Court on Monday sought the Centre's response on a plea that challenges the constitutional validity of a 2019 law on protection of the right of transgenders for allegedly restricting the right to self-identification. ...

Finance Minister Nirmala Sitharaman will present her second Union Budget on February 1. The 2020-21 budget is expected to ... ...