Budget 2020

The finance minister will present the budget on February 1. Here are the details you need to know about Budget 2020:

Union Budget 2020 will be presented on February 1, a day after Chief Economic Adviser Krishnamurthy Subramanian will present the Economic Survey.

The FM will present Union Budget 2020 in Parliament around 11 am on February 1. Economists believe the Budget 2020 will be mostly focussed on reviving a slowing economy and boosting consumption.
Budget 2020 falls on a Saturday

Remarkably, this year’s budget (2020) falls on a Saturday. Stock exchanges as well as parliament, which are normally shut for business on weekends, will be open on February 1 (Saturday) because of the budget. Banking services could be affected on February 1 as the unions have taken the decision to sit on a two-day bank strike regarding wage-related issues from January 31. Banks are usually open for business on the first, third and fifth Saturdays of every month.

Taxpayers, corporations, tax experts, everyone has some expectations from FM Sitharaman. However, one of the biggest challenges the Modi government 2.0 needs to address urgently is the slowing Indian economy.