FM announces pro-middle class budget, simplifies direct tax regime


Daijiworld Media Network - New Delhi

New Delhi, Feb 1: Amidst the economy struggling with a six-year low GDP growth, Union Finance Minister Nirmala Sitharaman presented the Budget 2020 on Saturday that focused on raising the purchasing power by cutting income tax rates and boosting rural income.

This was the longest Budget speech by any finance minister, going beyond 2 hour 30 minutes. Sitharaman, 60, broke her own record of a 2-hour-17-minute-long maiden Budget speech in July 2019.

In a shot in the arm for the middle class, Nirmala Sitharaman has proposed a new simplified tax regime soon. “Zero income-tax for those earning up to Rs 5 lac, 10% tax for income between Rs 5 lac-Rs 7.5 lac; 15% tax for income between Rs 7.5 lac to Rs 10 lac; 20% tax for income between Rs 10 lac to Rs 12.5 lac; 25% tax for income between Rs 12.5 lac to Rs 15 lac; 30% tax for income above Rs 15 lac. No income tax for those with taxable income below Rs 5 lac,” announced Sitharaman.

Fiscal deficit target pegged at 3.8% of GDP for FY20. Insurance cover for bank depositors has been raised from Rs 1 lac to Rs 5 lac.

Key highlights of Union Budget 2020:

>> 100 exemptions allowed under I-T Act now

>> Around 70 exemptions removed under the new regime

>> Remaining I-T exemptions to be reviewed in the coming days

>> Govt to abolish Dividend Distribution Tax (DDT)

>> Dividends to be taxed in the hands of recipients

>> Revenue foregone due to DDT removal Rs 25,000 crore

>> To allow deduction of dividend received by holding companies from subsidiary

>> Corporate tax cut to 15% for power generation companies

>> Revenue foregone due to DDT removal Rs 25,000 crore

>> Tax payment on Esops from startups deferred by 5 years when they leave company

>> 100% tax exemption for SWFs for infra investment

>> Turnover limit for startups claiming tax deduction raised to Rs 100 crore

>> Tax holiday for qualified startups raised to 10 years

 

 

Updates:

1.43 pm - Under Vivad Se Vishwas Scheme, taxpayer to pay only amount of disputed tax, will get complete waiver on interest and penalty, if scheme is availed by March 31, 2020 - FM

1.41 pm - Govt to further ease process of allotment of PAN. Govt to launch system for instant allotment of PAN on basis of Aadhaar - FM

1.40 pm - Disinvestment target has been raised to Rs 2.10 lakh crore in FY21 from Rs 1.05 lakh crore in FY20.

1.38 pm - Budget proposes deferment of tax payment by employees on ESOPs from startups by five years.

1.34 pm - Govt to launch new direct tax dispute settlement scheme to be launched: FM

1.32 pm - Finance Minister Nirmala Sitharaman says concessional corporate tax cut to be extended to new domestic companies engaged in power generation.

1.30 pm - Dividend Distribution Tax to be removed, companies will not be required to pay DDT, dividend to be taxed only at the hands of recipients at applicable rates: FM

1.21 pm - Startups have emerged as the engine of growth used ESOPs plans to attract and retain talent. To ease the tax burden the government has announced tax relief to startups.

1.19 pm - FM says that 100 different exemptions are provided under the current Income Tax Act. "I have removed 70 of them," says FM.

1.16 pm - Under the newincome tax regime,there will be a significant reduction in tax paid even by those having an annual income of Rs 15 lakh. But the new tax regime will be optional - PM

1.14 pm - There was Rs 40,000 crore revenue loss to the government with the new tax regime, says FM.

1.10 pm - FM says that the tax proposals would bring ease of compliance and reduce litigation. Nirmala Sitharaman says a new personal income tax regime would be reduced who forego deductions and exemptions.

1. Tax of only 10 percent will be charged to Rs 5 lakh-7.5 lakh income as against prevailing 20 percent rate.
2. From Rs 7.5 lakh-10 lakh income, a tax rate of 15 percent against 20 percent prevailing rate.
3. For income Rs 10-12.5 lakh, a rate of 20 percent as against 30 percent earlier.
4. For income between Rs 12.5 lakh-15 lakh will be taxed at 25 percent as against 30 percent.
5. For those at Rs 15 lakh plus income, tax will be 30 percent.

1.07 pm - Income tax for income between Rs 5 lakh to Rs 7.5 lakh halved to 10 per cent from 20 per cent.

12.57 pm - Government proposes to sell a part of its holding in LIC by initial public offer - FM

12.53 pm - The government proposes to increase the investment limit of FPIs in corporate bonds from 9% to 15%.

12.49 pm -  The government is planning to sell its stake in IDBI Bank to bidders - FM

12.46 pm - Deposit insurance and credit guarantee for depositors enhanced from Rs 1 lac to Rs 5 lac.

12.42 pm - We wish to enshrine in the statutes a taxpayer charter through this Budget. Our govt remains committed to taking measures to ensure that our taxpayers are free from tax harassment of any kind - Sitharaman

12.41 pm - India will host G-20 presidency in the year 2022 and Rs 100 crore has been allocated for preparation: FM

12.39 pm - Tax harrassments will not be tolerated. The government will launch a common entrance test for appointment of non-gazetted officers. The govt also proposes to amend Companies Act - FM

12.37 pm - The Modi government is clean and corruption-free. It trusts every citizen of the country, the aspirational youth, the risk-taking entrepreneur and hard-working farmers, says FM.

12.35 pm - Clean air is a matter of concern in large cities, propose to encourage states to formulate and implement plans to ensure clean air. Allocation for this purpose is Rs 4,400 crore: FM

12.34 pm - Finance Minister Nirmala Sitharaman: Indian Institute of Heritage and Culture to be established under Ministry of Culture.

12.29 pm - Wealth creators will be respected in this country, says FM Sitharaman.

12.27 pm - The government allocates Rs 2,500 crore for tourism for FY21.

12.25 pm - Rs 85,000 crore allocated for SCs and OBCs in Budget for FY 2020-21: Sitharaman

12.20 pm - I propose to provide Rs 35, 600 crore for nutrition-related programmes for 2020-21:  FM Sitharaman

12.19 pm - Rs 3.6 lakh crore approved for Jal Jeevan Mission: FM

12.16 pm - Stating that the statistics were not to politicise issues, FM says, "'Beti bachao, beti padhao' yielded tremendous results. The gross enrolment ratio of girls across all levels of education now higher than boys."

12.15 pm - Will achieve seamless delivery of services through digital governance: FM

12.14 pm - Govt allows tech companies to set up Data Centre parks to provide internet to citizens. It allocates Rs 6,000 crore for BhartatNet.

12.11 pm - FM urges states to replace traditional metres with smart metres in next three years.

12.09 pm - FM proposes National Technical Textile mission with an outlay of Rs 1,480 crore over four years to cut down imports.

12.07 am - I propose to provide Rs 27, 300 crore for development for industry and commence for year 2020-21: FM

12.04 pm - A proposal to set up solar plants on the land owned by Railways is under consideration, says FM.

11.59 am - India needs to boost domestic manufacturing in the electronic value chain, says FM. India needs to manufacture net worth products must boost domestic manufacturing. Mobile phones, electronic equipment and semiconductor packaging industries will be promoted, she adds.

11.57 am - FM proposes to set up Investment Clearance cell for end-to-end service.

11.55 am - We propose Rs 99, 300 crore allocated for education sector in 2020-21 and Rs 3,000 crore for skill development: Sitharaman

11.53 am - There is a shortage of qualified medical doctors both general practitioners and specialists; it is proposed to attach a medical college to a district hospital in PPP mode; details of the scheme to be worked out soon, says FM.

11.51 am - To start degree level full-fledged online programme by top 100 universities, Study In India and Ind Sat Exam tobenchmark foreign candidates to study in India - FM

11.50 am - Urban local bodies will offer internships to engineers for a year - FM

11.48 am - FM says that the govt is commited to open defecation free (ODF) plus to sustain. Rs 12,300 crore allocated for Swachh Bharat Mission.

11.45 am  - India set to have largest working age population by 2030, says FM.

11.43 am - Krishi Udaan to be launched by Civil Aviation Ministry to transport agri-products to national as well international destinations, For sector comprising agriculture, allied activities, irrigation and rural development, an allocation of Rs 2.83 lakh crores has been made for 2020-21 - FM

11.39 am - Milk processing capacity to be expanded to 108 tonne from 53.5 tonne, says FM

11.38 am - FM says fish farmer producer organisation to be set up. Under the Deendayal Antyodaya Scheme, FM says 58 lakh SHGs are mobilised and they will be further expanded.

11.37 am - NBFCS and cooperatives are active in agriculture. NABARD refinance scheme will be expanded, says FM.

11.36 am - Agriculture credit target has been set at Rs 15 lakh crore - FM

11.34 am - Horticulture sector with a current produce of 311 million metric tonnes exceeds the production of foodgrains, says FM.

11.28 am - FM pledges to provide 20 lakh farmers stand alone solar pumps.

11.26 am - FM Sitharaman says that the government is committed to doubling farmers' income by 2022.

11.24 am - Efforts we have made in the last five years and the enthusiasm and energy of our youth are the ignition of our growth - FM

11.22 am - Central government's debt has come down to 48.7% in March 2019 from 52.2% in March 2014.

11.21 am - Introducing a new simplified GST return filing system from April 1, 2020, says Finance Minister Nirmala Sitharaman

11.18 am - PM helped push the implementation of development manifolds. Rs 1 lakh crore has been extended to consumers as part of incentives. Average household saves one forth of its monthly budget because of GST, says Sitharaman.

11.14 am - This budget is to boost income and enhance purchasing power - Sitharaman

11.13 am - Our people should be gainfully employed, our businesses should be healthy; for all minorities, women and people from SCs and STs, this Budget aims to fulfil their aspirations - FM

11.10 am - Inflation has been well contained

11.09 am - This budget is to boost income and enhance purchasing power - Sitharaman

Earlier report

Daijiworld Media Network – New Delhi

New Delhi, Feb 1: Finance minister Nirmala Sitharaman is set to deliver her budget speech on Saturday, February 1, seeking to give a boost to the economy while keeping fiscal risks under control.

Sitharaman will likely outline measures to spur spending in rural areas and lower tax burden for individuals, home buyers and equity market investors.

Her budget speech is scheduled to start at 11 amin New Delhi.

  

Comment on this article

  • Arthur, Mangalore

    Mon, Feb 3 2020

    Many people from Karnataka and Goa work in the Gulf. Karnataka and Goa are ruled by the BJP. Will the CM's of Goa and Karnataka oppose the Central Government's amendment to section 6 of the Income Tax Act, 1961, proposing to reduce the stay period for the Indian citizens or persons of Indian origin from 182 days to 120 days, for being treated as residents for tax purposes, which will adversely affect Karnatakans and Goans working the Gulf?

    DisAgree Agree [2] Reply Report Abuse

  • Justin Lobo, Bangalore

    Sun, Feb 2 2020

    Tuglaq Budget

    DisAgree [2] Agree [6] Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Sun, Feb 2 2020

    Let them save themselves till 2024.
    Even last year there was a promising budget.

    DisAgree [2] Agree [10] Reply Report Abuse

  • Indian, Mangalore

    Sun, Feb 2 2020

    The government is not able to save BSNL, BPCL, Air India and now LIC. Then how they can save the country

    DisAgree [3] Agree [24] Reply Report Abuse

  • Indian, Mangalore

    Sun, Feb 2 2020

    27,300 is the budget for developing industries this is half of the amount of this country budget was taken away in PNB scam 11,356.84 crore.

    DisAgree [1] Agree [9] Reply Report Abuse

  • Vikhas, Mangalore

    Sun, Feb 2 2020

    No need to pay tax if you are abroad more then 254days a year.

    DisAgree [1] Agree [8] Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Sun, Feb 2 2020

    @ Shankar, Mangaluru
    "Be positive. Go on buying spree" !!!

    What about income side ? (not applicable to me)
    Also, savings too is a must. So spend rationally.

    DisAgree [1] Agree [4] Reply Report Abuse

  • Andrew L D Cunha, Mangaluru

    Sun, Feb 2 2020

    I don’t understand on what basis this budget is pro-middle class. Cost of living is going up sharply specially in metro cities. Salaried middle class were saving at least 10-15% (in PPF, 5 year tax FDs, ELSS funds, post office savings etc) as Sectionn 80C was giving exemption upto 1.5 lakh per year. Further more they were encouraged to buy house through bank loan for claiming exemption under income tax. They were buying life insurance and health insurance for themselves and also for their parents. Now with giving new option of low slabs without exemption, this budget hit 1) financial savings 2) banking and insurance 3) real estate. According to me this budget failed to spur demand from salaried middle class which was important for economic revival. In the name of simplification, they have complicated the taxation and blocked DEMAND.

    DisAgree Agree [17] Reply Report Abuse

  • Indian, India

    Sun, Feb 2 2020

    Why NRI have to pay income tax in india??

    DisAgree [3] Agree [34] Reply Report Abuse

  • David Pais, Mangalore

    Sat, Feb 1 2020

    our tax paid money is used 4 buying MLA's, z+ security, 4in trips & making nagpur leaders luxurious

    DisAgree [5] Agree [43] Reply Report Abuse

  • AD, Mangalore

    Sat, Feb 1 2020

    Everytime the budget falls short of expecations. With brute majority that this Govt has it can be very innovative but they are good only at disruptive legislation. There is nothing in budget for real estate and auto sector.New Job creation schemes were not introduced. Land reforms to help consoldiation of land and corporatisation of Agriculture could have been boldly done. Finance is where we need disruptive legislation. Not in Home ministry. That is why the economy is spiralling down

    DisAgree [8] Agree [25] Reply Report Abuse

  • Anil, Dubai

    Sat, Feb 1 2020

    First to make some economical budget ….
    They should understand “present situation of economy” of the country …..!!

    DisAgree [4] Agree [40] Reply Report Abuse

  • Arun, Mangalore

    Sat, Feb 1 2020

    This budget we expected lot ,

    DisAgree [7] Agree [19] Reply Report Abuse

  • Sahil, Mangaluru

    Sat, Feb 1 2020

    People friendly budget.

    DisAgree [57] Agree [13] Reply Report Abuse

  • JK, Udupi

    Sat, Feb 1 2020

    Best part of the budget for me is, 3 lakh crores of rupees will be spent on infrastructure which attracts more foreign investments into the country. This will create more jobs in the future. Also, allocation of 20000 crores on Southern Railway which helps to reduce traffic in big cities like Bangalore. Also, 3000 crores allocated for woman empowerment and skill development to reduce unemployment issues. This is the best budget came out at right time when country is facing lower growth due to inflation.

    DisAgree [39] Agree [11] Reply Report Abuse

  • mohan, Mangalore

    Sun, Feb 2 2020

    bolne me kya hurge hai.... jab kam karna tab deka jayega......... this goberment since 5 years only blundering in the budgect.... but nothing has gone yet...... now alloting money for hundreds airports ... is India need 100 more airports..... second thing 12000 crore for swacha bharat...evry year they alooting money for this is anything done for cleanliness...... no.... only add on TV and in media by holding broom...
    100new high figure collages .. since five years nothing had done for government schools most of the government schools and colleges are shut down due poor edgucation....
    This goberment only looting the people to fill their pockets ..

    DisAgree [1] Agree [19] Reply Report Abuse

  • Ramesh, Udupi

    Sat, Feb 1 2020

    This govt has nothing to give for the salaried class. Still people are so fond of this govt. Today they have made the biggest fool of the salaried class with confusing tax rules. We need a change which Manmohan Singh bought in 1991.

    DisAgree [11] Agree [54] Reply Report Abuse

  • mohan, Mangalore

    Sat, Feb 1 2020

    Is this is budgect.... this is looting people .... everything is become costlier..... milk ...stationary...textiles...furniture.. dry fruits...vehicles...mobiles...and electronics items.... even imported butter cheese...and chocolates are also costlier..
    Income tax also increased....
    This not the budgect ... this is looting the country....and closing industries...
    This corrupt goberment should go .. otherwise the nation will be worse than somaliya...

    DisAgree [7] Agree [53] Reply Report Abuse

  • R.Bhandarkar, Mangaluru

    Sat, Feb 1 2020

    Nirmala should quit.She cant handle finance and makes fun of the common man often.Remember her onion jibe ?
    The useless opposition should also share the blame.

    DisAgree [7] Agree [83] Reply Report Abuse

  • Sunil K, Mangalore

    Sat, Feb 1 2020

    Let the whole BJP government quit. Useless governance for the last 6 years.

    DisAgree [9] Agree [68] Reply Report Abuse

  • Save My India, India

    Sat, Feb 1 2020

    Have you forgotten blind Bhakths who glorified this govt.?

    DisAgree [8] Agree [59] Reply Report Abuse

  • Cynthia, Kirem

    Sat, Feb 1 2020

    Wowww.....mind blowing comment Bhandar sir....in your court justice is equal to all... Who is responsible and also for those sitting quietly and listening with " mini mini " eyes 👀... I laughed to my heart's content 😅😅😅

    DisAgree [1] Agree [34] Reply Report Abuse

  • Raju, Kinnigoli

    Sat, Feb 1 2020

    we are screwed

    DisAgree [5] Agree [47] Reply Report Abuse

  • Francis Lobo, MANGALORE

    Sat, Feb 1 2020

    Sensex down by 1000 points Nifty 300 points. So new dialogue of minister Anursg Thakur would be
    " Sensex ghirane walon ko.........."

    DisAgree [8] Agree [53] Reply Report Abuse

  • Shankar, Mangaluru

    Sat, Feb 1 2020

    Be positive. Go on buying spree.

    DisAgree [36] Agree [5] Reply Report Abuse

  • Melwyn, Dubai

    Sat, Feb 1 2020

    Curious to know which Govt increased tax to 20% for 5-10 lakh income previously?

    DisAgree [4] Agree [25] Reply Report Abuse

  • Karuna, Bangalore

    Sat, Feb 1 2020

    Indian public sector units are controlled by high income earning persons who have low intellectual capacuty due to they attaining those position because of reservation criteria. You can't expect any postive result from the management who have got their postion by such methods. BSNL ,AiR INDA,,NGEF,HMT are classical example if such failure.

    DisAgree [1] Agree [16] Reply Report Abuse

  • Praveen Lobo, Bangalore

    Sat, Feb 1 2020

    Budget doesn't touch any specific area of development. The budget schemes are as same as Modi's speech which is just general in the air. No results can be expected.

    DisAgree [7] Agree [44] Reply Report Abuse

  • HENRY MISQUITH, India

    Sat, Feb 1 2020

    Nothing for job creation...
    Only tax payers got bit benefits..
    Corporates are safe...
    Even LIC also in the edge of sale..Today's budget speech is not a Indian economic style this is corporate customer care executive speech..

    DisAgree [5] Agree [43] Reply Report Abuse

  • myna, Mysuru

    Sat, Feb 1 2020

    Was the Finance Minister involved in framing the budget? She was kept out of the discussions with the Industrialists!!!

    DisAgree [12] Agree [31] Reply Report Abuse

  • Monty Dotor, Mangalore

    Sat, Feb 1 2020

    FM felt unwell at the end of her speech,so did all of us.

    DisAgree [10] Agree [46] Reply Report Abuse

  • gratia, mangaluru

    Sat, Feb 1 2020

    1) 1st of all politicians (not all) if they pay income tax properly there is no shortage in IT collection/ no burden to nation

    2) why common people has to work for their daily bread & pay tax to government , govt. learn to find income from like business/ petrol/ diesel small industrial like other way

    DisAgree [5] Agree [29] Reply Report Abuse

  • David Pais, Mangalore

    Sat, Feb 1 2020

    100% selling of India. contenders r - jindal steel, reliance, coal pvt., ltd of adani & nirav modi.

    DisAgree [12] Agree [32] Reply Report Abuse

  • Karuna, Bangalore

    Sat, Feb 1 2020

    What is wrong in selling those lose making companies.People are not paying tax to feed this nonworking class , who have got their government jobs by reservation. Private organisations atleast give respect to talent and hard work. Who ever runs the industry whether private or government sectors, if they are making profit and providing employment , it only helps in the development of our country.Tatas and Adanis know how to run a business,if they are making profit and getting richer, remember they are also paying taxes in compliance with law of the land

    DisAgree [7] Agree [7] Reply Report Abuse

  • rakesh, kodagu

    Sat, Feb 1 2020

    If you have ₹ 7L/yr :

    OLD REGIME -
    1.5L deduction u/s 80C + 50k NPS + 2L home loan interest + 50 K Medical
    Your income tax : ₹0

    NEW REGIME -
    Your income tax : ₹32500

    DisAgree [14] Agree [34] Reply Report Abuse

  • Valerian DSouza, Udupi / Mumbai

    Sat, Feb 1 2020

    Out of ₹ 7 lakhs Income, ₹ 4.50 laks investment? 😁
    New slab rates are optional; are only for those don't claim any deductions.
    Those claiming deductions, old slab rates would apply; that's what I understand.

    DisAgree [6] Agree [33] Reply Report Abuse

  • Rahul, Jeppu

    Sat, Feb 1 2020

    Excellent reply!! , that's the difference between the learned & .....

    DisAgree [6] Agree [27] Reply Report Abuse

  • Dylan, Mangalore

    Sat, Feb 1 2020

    The Modi Government selling all Govt. undertakings one by one and last left is the country which this Govt will sell if allowed to continue.

    DisAgree [8] Agree [45] Reply Report Abuse

  • ramesh, bidar

    Sat, Feb 1 2020

    If you have ₹ 7L/yr :

    OLD REGIME -
    1.5L deduction u/s 80C + 50k NPS + 2L home loan interest + 50 K Medical
    Your income tax : ₹0

    NEW REGIME -
    Your income tax : ₹32500

    le lo vikas bakto

    DisAgree [8] Agree [35] Reply Report Abuse

  • vasu, Mangalore

    Sun, Feb 2 2020

    You have a choice. In your example option 1 is better. For others option 2 is better.

    DisAgree Agree Reply Report Abuse

  • Sanjay, Hebri

    Sat, Feb 1 2020

    Only modi cares about middle class people....Super.budget.

    DisAgree [91] Agree [17] Reply Report Abuse

  • nitin, bidar

    Sat, Feb 1 2020

    Modi Government has begun the process of selling off LIC, the lifeline of the middle class. Earlier, it used the LIC to bail out companies by forcing it buy their shares.
    This is the first time since independence that the Govt is selling shares of LIC. Govt is hell bent on selling country to their capitalist friend. From railways to LIC India, IDBI, indian ports, Air India, Airports, REd fort, everything is up for sale. At this rate, they will put the Parliament up for sale too.

    DisAgree [10] Agree [56] Reply Report Abuse

  • Anil, Dubai

    Sat, Feb 1 2020

    and just wait … for announcement of government is planning to sell INDIA (country) to bidders..!!
    ohh ya Indian Post Office … as well ..!!

    DisAgree [8] Agree [46] Reply Report Abuse

  • David Pais, Mangalore

    Sat, Feb 1 2020

    useless budget. waste of time & lies budget. india's economy is collapsed. 5 billions 1nly. 5 trillion is building castles on da air

    DisAgree [10] Agree [55] Reply Report Abuse

  • Vishal, Mangalore

    Sat, Feb 1 2020

    It was not a budget. It was a waste of 2 1/2 hours of our precious time. The government has squandered away a wonderful opportunity to try and revive the economy. But actually, I feel sorry for Nirmala. She appears to be just a scapegoat as the shots are called by someone else in the government. Nirmala is just a spokesperson just as she was before she was made a minister. A disastrous budget of an inept and ignorant government.

    DisAgree [11] Agree [45] Reply Report Abuse

  • Ronald D, Udupi

    Sat, Feb 1 2020

    Modi should appoint an experienced and educated financial person as FM!

    DisAgree [11] Agree [56] Reply Report Abuse

  • Ganesh Kamath, Mangalore

    Sat, Feb 1 2020

    Market is slipping... This shows what will be the badget outcome

    DisAgree [7] Agree [58] Reply Report Abuse

  • Monty Dotor, Mangalore

    Sat, Feb 1 2020

    Tax rates lowered but exemptions removed.Ek haat se dena doosre haat se lena.Only positive in the budget is the smiling face of Hon. Speaker Shri Om Birla.

    DisAgree [6] Agree [41] Reply Report Abuse

  • Chiguru, Mumbai

    Sat, Feb 1 2020

    People wont work from tomorrow. Budget aa gaya re.
    As usual, nothing for common man!

    DisAgree [8] Agree [29] Reply Report Abuse

  • Clifford, Mangalore

    Sat, Feb 1 2020

    Selling one by one national treasures as much of the money has dissappeared by misadventure .

    DisAgree [8] Agree [39] Reply Report Abuse

  • Ramesh, Udupi

    Sat, Feb 1 2020

    Nothing for tax paying middle class, only blabbering zero outcome.

    DisAgree [5] Agree [39] Reply Report Abuse

  • Shonith, Mangalore

    Sat, Feb 1 2020

    During the construction of 4 lane highway many trees were cut till now no serious effort have been made to pant trees swach bharath should not only include cleaning roadside garbage or beach it should also include planting trees. Everyday so many trees r being cut in mangalore itself already the average temperature of the city rising year after year. Where will v go??

    DisAgree Agree [38] Reply Report Abuse

  • Aloysius, Kinigoli

    Sat, Feb 1 2020

    Even Jhaduwala is not getting his wages in time, where goes 12300 crores for entertainment!

    DisAgree [3] Agree [38] Reply Report Abuse

  • Indian, Bangalore

    Sat, Feb 1 2020

    People who dont know how many zeros are there in a trillion prepare and present budget! and bhakhts are clapping hands...

    DisAgree [4] Agree [48] Reply Report Abuse

  • Indian, India

    Sat, Feb 1 2020

    All 12,300 crores is a golmaal...
    whole country including Gujarath which is PM's own state is still stinking in many places unlike past 70 years...
    In the name of swacch bhaarath, where this money goes to...???!!!

    DisAgree [6] Agree [54] Reply Report Abuse

  • Monty Dotor, Mangalore

    Sat, Feb 1 2020

    Budget speech should stick to financials.The first half of today's budget looks like a history lesson to a BA class.

    DisAgree [4] Agree [63] Reply Report Abuse

  • Dinesh, Dubai

    Sat, Feb 1 2020

    She is only Dummy Finance Madam(FM) ............only to read budget

    DisAgree [3] Agree [83] Reply Report Abuse

  • Anwar, Mangaluru

    Sat, Feb 1 2020

    Nirmalakkana odetha, chendu kredaanganada horakke !!

    DisAgree [3] Agree [26] Reply Report Abuse

  • Anwar, Mangaluru

    Sat, Feb 1 2020

    OooOohh, Nirmalakkana wicket phatana !!!

    DisAgree [2] Agree [11] Reply Report Abuse

  • Steve, Mnaglore/Saudi

    Sat, Feb 1 2020

    Pusthkadha badney kai

    DisAgree [5] Agree [49] Reply Report Abuse

  • praveen, mlore

    Sat, Feb 1 2020

    madam and sirji...please raise income tax return filling slap increase from 250,000... since 2013 its not been revised....Expenses are increased 2.5 lac is nothing for day to day expenses....Make it 5 lack atleast...

    DisAgree [2] Agree [56] Reply Report Abuse

  • Praveen, mlore

    Sat, Feb 1 2020

    kept her out from all Budget related meetings and meeting with economist and now she is just reading what is printed in her booklet..if press media ask questions, she will run away like modiji from press...

    DisAgree [4] Agree [72] Reply Report Abuse

  • PenMightierThanTheSword!, Mangalore

    Sat, Feb 1 2020

    Nirmala true to her name knows nothing about economy, finance or budget, All she knows is to Sit Aaram!

    DisAgree [6] Agree [79] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sat, Feb 1 2020

    Last chance for Nirmala Sitharaman ...

    DisAgree [7] Agree [107] Reply Report Abuse


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Title : FM announces pro-middle class budget, simplifies direct tax regime


 
 
 
 

 
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