Union Budget 2020: Where one side the economy is facing a lot of crises and slowdown, everyone is waiting for budget 2020 with a hope to strengthen the economic conditions. The preparations for the upcoming budget have already begun and the date has also been announced by the Modi government.
Union Finance Minister Nirmala Sitharaman is already continuously discussing the issues for budget 2020 with various stakeholders over the meetings.
Various suggestions are given to FM Sitharaman to reduce the tax rates, tax relief on rental income, etc.
Read more: Budget 2020 – Tax relief on rental income suggestions
Budget 2020 India date and time
Budget Date: With all issues, solutions, reliefs, and suggestions, the upcoming Union Budget 2020 is going to be presented on February 1, 2020. The date was announced at the Union Cabinet media briefing today.
Budget Time: Finance Minister Nirmala Sitharaman will start the India Budget 2020 speech at 11 AM on February 1 in the Parliament. However, the Budget 2020 session dates are yet to be announced at a later date.
Till 2016, the Union Budget was presented on the last working day of February. But from 2016 onwards, the Central government decided to present the Union Budget on February 1 in order to provide more time for departments to decide on the expenditure part and spend accordingly.
Union Budget generally showcases the central government’s finances, its revenues, and expenditures. Expectations are high from the Centre as people believe there will be income tax relief for the middle class.
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