Thread by @moneymantrainfo

Updates from #Budget2020 with @moneymantrainfo

Watch out all the News on Budget (series of tweets whole day) in this thread #BudgetWithMM 📊📋

Indian Economy : A Snapshot👇

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Fun Fact: The longest speech was delivered by Manmohan Singh, comprising 18,650 words

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FM @nsitharaman Budget speech begins

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@nsitharaman India is now fifth-largest economy in the world

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@nsitharaman FM Sitharaman underscores government's ambition to make farming sector competitive

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@nsitharaman FM Sitharaman speaks about government's efforts to promote the use of solar energy in the farming sector

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@nsitharaman We have added 16 lakh new taxpayers, reveals FM

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@nsitharaman Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan (PM KUSUM) to be expanded to provide 20 lakh farmers in setting up standalone solar pumps

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@nsitharaman FM lists 16-point action plan for farmers

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@nsitharaman We have provided an additional Rs 69,000 crore for the health sector: FM Sitharaman

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@nsitharaman By 2030, India is set to have the largest working age population in the world: FM

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@nsitharaman Steps will be taken to deliver higher quality education: FM

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@nsitharaman Govt to expand Mission Indradhanush, add hospitals to Ayushman Bharat

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@nsitharaman Opportunities for young engineers: Internship with urban local bodies
Govt proposes to start a programme for urban local bodies to provide opportunities for an internship to young engineers: FM

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@nsitharaman FM proposes a scheme focused on encouraging the manufacturing of mobile phones and electrical equipment

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@nsitharaman Delhi-Mumbai expressway and two other projects will be completed by 2023: FM

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@nsitharaman FM proposes setting up of a large solar-powered capacity alongside rail tracks

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@nsitharaman FM promises more Tejas-like trains between key stations, Kisan rail for farmers

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100 more airports to be developed by 2025 to make your travel easier

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A Thunberg touch in the Budget: India steps up effort to tackle climate change

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Enhance allocation of Rs 9500 crores for senior citizens and 'Divyang'

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Bharat Net: Rs 6000 crore boost for internet connectivity
Fibre to Home connections under Bharat Net will be provided to 1 lakh gram panchayats this year itself, 6000 crore rupees provided for Bharat Net.

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Wealth creators will be respected in the country : FM

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FM said 5 archaeological sites to be developed with on-site museums
1. Rakhigarhi, Haryana.
2. Hastinapur, Uttar Pradesh.
3. Sivasagar, Assam.
4. Dholavira, Gujarat.
5. Adichanallur, Tamil Nadu

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Rs 2,500 crore to boost tourism
For tourism promotion, Rs. 2,500 crore allocated: FM

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FM reassures taxpayers about commitment to eliminate tax harassment

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Deposit Insurance Coverage Increased from 1 lakh to 5 lakh per depositor IN BANK : FM

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Nirmala Sitharaman has a Rs 4,400 cr solution to fix Delhi's pollution

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Can the government improve the work ethic in public-sector banks? FM says yes

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Govt proposes amendments to facilitate separation of govt pension trust from PFRDA

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Govt to sell govt stake in IDBI Bank to private investors

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FY21 fiscal deficit target pegged at 3.5% of GDP

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This is big one! Government to sell part holding in LIC - LIC IPO going to come

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Nominal GDP growth for FY21 pegged at 10% :FM

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Certain specified categories of government securities will be open fully for NRIs

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Personal Income Tax

10% tax 5-7.5 lacs
15% tax 7.5-10 lac
20% tax 10-12.5 lacs
25% tax 12.5-15 lacs
30% tax on over 15 lacs

#DDT Removed! Dividends now taxable in the recipient's hands at slab rate.

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Lowest, simplest, smoothest: Sitharaman on the new tax regimes

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'Vivad se Vishwas' scheme for direct taxpayers whose appeals are pending at various forum

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Govt to launch system for instant allotment of PAN on basis of Aadhaar

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To boost Housing for all! Additional Rs 1.5 lakh tax benefit on affordable housing loans
Govt extends additional Rs 1.5 lakh tax benefit on interest paid on affordable housing loans to March 2021.

Tax on Co-op societies to be reduced to 22% plus surcharge, as against current 30%

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Govt proposes deferment of tax payment by employees on ESOPs from startups by 5 years

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FM makes housing more affordable, gives tax holiday to affordable housing developers

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New income tax rates will be optional, says FM

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Two Income Tax Slabs Old and New

Old Income Tax Regime - It stays as it was.

New Tax Regime - You let go all the exemptions and deductions to avail new tax slabs.

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Sectoral Allocations in the #Budget2020
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