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Union Budget 2020 Live: Big relief for taxpayers in budget

Finance Minister Nirmala Sitharaman today will present her second Union Budget of the Narendra Modi government in Parliament at 11 am. Nirmala Sitharaman, the second woman finance minister after Indira Gandhi, will present the full-year budget for the year ending March 2021.

Published

6 years ago

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Budget-2020

Finance Minister Nirmala Sitharaman today will present her second Union Budget of the Narendra Modi government in Parliament at 11 am. Nirmala Sitharaman, the second woman finance minister after Indira Gandhi, will present the full-year budget for the year ending March 2021.

Last year, Sitharaman carried the budget wrapped in a red cloth and called it ‘bahi khata’ instead of long-time custom of a traditional budget briefcase. The cabinet meeting will take place at 10:30 am where the budget will be approved. Following the approval, the budget will be presented in the Parliament.

The budget is keenly awaited by everyone when India is crawling at a very slow pace of 5 percent annual rate of expansion, the lowest since 2009.

Stay here for live updates:

1:20 pm: Fifth Finance Commission attempts to reduce state share of central taxes by one percentage point to 41%

1:15 pm: Tax on Cooperative societies are proposed to be reduced to 22 per cent plus surcharge and cess, as against 30 per cent at present: Sitharaman

1:10 pm: Concessional tax rate of 15% have been provided to power generation companies.

1:05 pm: Around 70 of more than 100 income tax deductions and exemptions have been removed, in order to simplify tax system: FM

1:01 pm: For those earning Rs5 to 7.5 lakh, income tax has been reduced to 10% from 20%. Those earning Rs 5 lakh will not pay any tax. Rs 5-7.5 lakh:

Those earning between 7.5-10 lakh will have to pay 15%, Rs 10-12.5 lakh will have to pay 20%. Rs 12.5-15 lakh will have to pay 25% and for those earning above 15 lakh have tax rate unchanged at 30%.

12:59 pm: New simplified personal income tax regime to lower income tax. Income tax reforms to promote growth: Sitharaman

12:57 pm: Fiscal deficit has been estimated to be 3.8% in 2019-20 and 3.5% for the next year 2020-21: FM

12:55 pm: Receipts 22.46 lakh crore. Expenditure: 30.42 lakh crore. Nominal growth of GDP for 2020-21 has been estimated at 10%.

12:50 pm: Government to sell govt stake in IDBI Bank to private retail investors. We will sell part of its stake in LIC through IPO: FM

12:45 pm: Government has asked RBI to extend debt restructuring window for MSME by a year to March 31, 2021: Sitharaman

12:41 pm: After the abrogation of the special status of Jammu and Kashmir,  the Budget proposes Rs 30,757 crore and Rs 5,958 for Ladakh for fiscal 2020-21: FM

12:40 pm: All public institutions at the gram panchayat level such as anganwadis, health and wellness centres, government schools, PDS outlets, post offices and police stations –will be provided digital connectivity. The fibre to the home (FTTH) connection through BharatNet will link 100,000 gram panchayats: FM

12:37 pm: India will host G20 Summit for which 100 crore has been allocated: Sitharaman

12:35 pm: For tourism promotion, Rs. 2,500 crore allocated in the budget: FM

12:30 pm: Sitharaman proposes Rs 4,400 crore solution to Delhi’s air pollution problem.

12:28 pm: Foreign direct investment (FDI) into the country has increased to $284 billion during 2014-19 from $190 billion in the previous five years: Sitharaman

12:27 pm: Nirmala Sitharaman proposed to launch a new scheme to make India a hub for electronics manufacturing in line with the “Assemble In India” proposed by the Economic Survey on Friday. We need to encourage manufacturing of mobile phones, electronic equipment and semiconductor: FM

12:25 pm: Niryat Rin Vikas Yojana scheme to provide enhanced insurance cover and reduce the premium for small exporters

12:22 pm: Five archaeological sites to be developed with on-site museums in Haryana, UP, Tamil Nadu, Assam and Gujarat: Sitharaman

12:20 pm: Allocation of Rs 9,500 crores for senior citizens and ‘Divyang’: FM

12:18 pm: To improve airways connectivity, 100 more airports will be built by 202: FM

12:15 pm: National Gas Grid to be expanded from 16,200 km to 27,000 km; reforms to be introduced to deepen gas markets: Sitharaman

12:10 pm: No manual cleaning of sewers. Suitable technologies have been identified. We will now take ot to logical conclusion through legislative changes. 85,000 crore for 20-21 for Schedule Caste and Other Backward Castes. Rs 53, 700 crore allocated for benefit of Scheduled Tribes: FM

12:07 pm: Beti Bachao, Beti Padhao has yielded tremendous results. The issues related to women should not be politicised. The Gross enrolment rate of girls under this scheme is 59.7 per cent as against 57.54 of boys. Girls are performing better under this scheme.

12:06 pm: 22,000 crore to be provided to the power and renewable energy sector in 2020-21: Budget

12:05 pm: 1.7 lakh crore allocated for transport infrastructure in 2020-21: Sitharamam

12:04 pm: Rs 6000 crore allotted to Bharat Net Programme: FM Sitharaman

12:03 pm: Budget allocates Rs 27,300 crore for development of industry and commerce

11:59 am: Sea-ports have to be improved. This government will corporatise at least one of the major ports. 1,150 trains will run under the public-private partnership (PPP) mode, also four stations will be redeveloped with the help of the private sector

11:58 am: Five new smart cities will be set up in public-private partnership mode,” the Finance Minister said: FM

11:57 am: “High-speed train between Ahmedabad and Mumbai will be pursued. More Tejas-type trains will connect tourist stations. Delhi-Mumbai expressway will be completed by 2023. 550 wi-fi facilities have been commissioned at railway stations,” said FM.

11:55 am: National Technical Textiles Mission to be introduced, with a four-year implementation period, with an allocation of Rs 1,480 cr for National Textile Mission: FM

11:51 am: Tuberculosis will be eliminated in India by 2025: Sitharaman

11:50 am: Budget allocates Rs 99,300 crore for education in 2020-21

11: 48 am: Rs 69,000 crore has been allocated for the healthcare sector. Urban local bodies across the country will give internship to fresh engineers. Young engineers who want to work with the government can start with urban local engineers

11:47 am: A degree level full-fledged online education programme will be imparted by institutes among the top 100 ranked to economically deprived students, who cannot afford education.

11:45 am: “Proceeds from taxes on medical devices would be used to support setting up of hospitals,” proposed Sitharaman.

11:43 am: National Police University and National Forensic University are being proposed: FM

11:42 am: The new education policy will be announced soon: Sitharaman

11: 41 am: The total allocation for Swachch Bharat is Rs12,300 crores for 20-21: Sitharaman

11:40 am: Govt allocated 1.23 lakh for rural development and Panchayati Raj, and 1.6 lakh crore for agriculture and allied activities: FM

11:37 am: The government will set up hospitals in Public Private Partnership model. From 112 of aspirational districts those don’t have Ayushman will be given priority: FM

11: 35 am: We aim to build a seamless national cold supply chain for perishables with the help of Indian Railways by setting up Kisan Rail through PPP model so that perishable goods can be transported quickly. Krishi Udaan will be launched by Ministry of Civil Aviation on international and national routes.

11:30 am: Pradhan Mantri Kisan Urja Suraksha and Utthan Mahabhiyan (PM KUSUM) to be expanded tocover 20 lakh farmers in setting up standalone solar pumps.

11:28 am: The growth of 7.4% was surpassed in 2014-19 with average inflation of 4.5%

11:27 am: We will strive to liberalise the farm markets. Over 6 crore farmers under Pradhan Mantri Fasal Bima Yojna have been insured: FM Sitharaman

11:25 am: “India uplifted 271 million people out of poverty,” Sitharaman.

11:22 am: We have an action plan to ease India’s water problems. W will start with  100 districts facing severe water crisis.

11:20 am: We are committed to Doubling farmers’ income by 2022

11:15 am: Central government’s debt has come down to 48.7% in March 2019 from 52.2% in March 2014: Sitharaman

11: 12 am: “Annual household saves 4% income of due to GST,” said FM.

11:10 am: Inflation has been controlled. Companies have been provided an exit route through Insolvency and Bankruptcy Code,” the finance minister said

11:07 am: This is the budget to increase the purchasing power of the people, the budget will address the aspirations of all sections of people,” Sitharaman said in her speech

11:05 am: 16 lakh new taxpayers added to the system, says Sitharaman

11:02 am: Sitharaman tables 15th Finance Commission’s report in the Lok Sabha.

11:00 am: FM Nirmala Sitharaman’s begins her Budget speech in the Parliament

10:28 am: Finance Minister Nirmala Sitharaman’s family, including her daughter Parakala Vangmayi, arrive in Parliament.

10:25 am: Nirmala Sitharaman came to the Parliament carrying the Budget wrapped in a red silk cloth.

10:20 am: Finance Minister Nirmala Sitharaman and Minister of State for Finance and Corporate Affairs Anurag Thakur arrive at the Parliament, to attend Cabinet meeting.

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Entertainment

Kapil Sharma warned by MNS for referring to Mumbai as Bombay on Netflix show

Published

3 months ago

on

September 12, 2025

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Bollywood comedian Kapil Sharma has come under the radar of the Maharashtra Navnirman Sena (MNS) after the use of the term Bombay instead of Mumbai on his Netflix show The Great Indian Kapil Show. MNS spokesperson Ameya Khopkar issued a warning, stating that the usage of the city’s former name could hurt the sentiments of its residents and demanded that the correct name, Mumbai, be used.

The controversy arose during an episode featuring actress Huma Qureshi, her brother Saqib Saleem, and the Shetty sisters. While talking about her bond with Saqib, Qureshi referred to the city as Bombay, explaining that she felt at home with him despite not being originally from the city. This comment drew criticism from the MNS, who have historically been vocal about protecting the identity and pride of Mumbai.

In a post on X, Khopkar stated in Marathi, that even though 30 years have passed since Bombay was officially renamed Mumbai, the term Bombay is still frequently used by celebrity guests on The Kapil Sharma Show, Delhi-based Rajya Sabha MPs, show anchors, and in many Hindi films. He noted that the name change was officially recognized by the Maharashtra government in 1995 and by the Central Government in 1996, preceding similar renamings in other major cities such as Chennai, Bengaluru, and Kolkata.

Khopkar further emphasized the seriousness of the matter during a media interaction in Mumbai. He stated that Sharma had been working in Mumbai for many years and described the city as his land of work. He added that the people of Mumbai admire him and watch his shows, and warned that the city and its residents should not be insulted, cautioning Sharma against repeating the mistake.

He added that if the reference had been made unintentionally, the mistake should be corrected immediately. Khopkar stated that all guests on the show, including celebrities and the host, should be informed in advance to refer to the city as Mumbai. He warned that if this is not followed, the MNS would launch a strong agitation.

The Great Indian Kapil Show has recently been renewed for a third season. Its first two seasons, comprising 13 episodes each, premiered in 2024, featuring a mix of Bollywood celebrities and entertainers. The controversy marks one of the few instances where the city’s political groups have publicly intervened over the naming of Mumbai on popular entertainment platforms.

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Latest News

Indian-origin motel manager beheaded in the US

Published

3 months ago

on

September 12, 2025

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In a horrifying incident in Dallas, Texas, an Indian-origin motel manager, Chandra Nagamallaiah, was brutally beheaded by a guest following an argument over a malfunctioning washing machine. The gruesome attack was carried out by 37-year-old Yordanis Cobos-Martinez in front of Nagamallaiah’s wife and children, leaving the family traumatized.

According to court records and affidavits, the confrontation began when Nagamallaiah reportedly told Cobos-Martinez not to use a broken washing machine at the Downtown Suites motel. The suspect became enraged, partly because the manager relied on a woman present for translation instead of speaking directly to him. Surveillance footage later revealed Cobos-Martinez producing a machete and repeatedly stabbing and cutting Nagamallaiah, despite the efforts of his wife and child to intervene.

The affidavit details that the victim tried to flee to the motel’s front office while screaming for help, but the attacker followed him and continued the assault. Cobos-Martinez removed Nagamallaiah’s key card and cellphone before ultimately beheading him. Disturbing footage reportedly shows the suspect kicking the severed head across the ground before throwing it into a trash bin.

Cobos-Martinez, a Cuban national with a long criminal history, including convictions for grand theft, carjacking, false imprisonment, and sexual offenses, was arrested shortly after the attack. Authorities found him a block away wearing a blood-soaked T-shirt, along with the victim’s key card and cellphone. U.S. Immigration and Customs Enforcement (ICE) officials noted that Cobos-Martinez should not have been in the country at the time, as previous attempts to deport him to Cuba were unsuccessful due to his criminal record.

The Department of Homeland Security described the beheading as unthinkable and stated that the case highlights the critical need for strict immigration enforcement. A witness to the attack told NBC DFW that they could not explain what they saw, describing the suspect as appearing there and not there at the same time, emphasizing the surreal and terrifying nature of the crime.

This shocking incident has left the Dallas community and Nagamallaiah’s family in deep distress, as authorities continue their investigation into the motive and circumstances surrounding the brutal murder.

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India News

AAP MP Sanjay Singh accuses J&K authorities of house arrest, Farooq Abdullah condemns move

Published

3 months ago

on

September 11, 2025

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Aam Aadmi Party (AAP) MP Sanjay Singh on Thursday accused Jammu and Kashmir Lieutenant Governor Manoj Sinha of placing him under house arrest while he was in Srinagar to protest the detention of the party’s sole J&K MLA, Mehraj Malik.

Singh climbed the gate of a government guest house in Srinagar to meet National Conference (NC) chief Farooq Abdullah and later shared visuals of the interaction on social media. He said it was a very sad thing that Abdullah, who has served multiple terms as Chief Minister of Jammu and Kashmir, came to meet him at the guest house after learning about his alleged house arrest but was not allowed to do so. Singh further questioned the authorities’ actions, asking whether if this is not dictatorship, then what it is.

Malik, the MLA from Doda Assembly seat, has been detained under the Public Safety Act (PSA) on charges of disturbing public order. This marks the first instance of a sitting lawmaker being booked under the PSA, which allows authorities to detain individuals without charge or trial for up to two years. Singh alleged that Mr. Malik’s detention was retaliation for raising people’s issues in his constituency.

Abdullah also condemned the attempts to stop Singh from holding his protest. In a statement to news agency ANI, he said that preventing Singh from exercising his right to protest was absolutely wrong and accused the Lieutenant Governor Sinha of misusing his powers. He stressed that the right to protest is guaranteed by the Constitution of India, noting that Jammu and Kashmir being a union territory gives the LG significant authority, which, according to him, was being used for the wrong purposes. Abdullah questioned whether it was necessary to prevent Singh from speaking and asserted that this is not an autocracy, there is a constitution here.

Abdullah drew parallels with the recent unrest in Nepal, where protests led to the resignation of Prime Minister KP Sharma Oli, and cautioned that India must safeguard its Constitution to prevent similar circumstances. He urged the LG to uphold constitutional principles, warning that failure to do so could risk unrest, and emphasized the need to take care of the Constitution before such a fire breaks out in the country.

Other opposition leaders, including AAP chief Arvind Kejriwal and Shiv Sena (UBT) leader Sanjay Raut, also expressed concern over the move, condemning what they described as an infringement on democratic rights.

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