Budget 2020 : Concise Presentation

Finance Minister Nirmala Sitharaman on Saturday, 1stFebruary’2020 unveiled the budget for fiscal 2020-21, FM said her Budget 2020 is woven around three themes-- Aspirational India to boost the standard of living, Economic development for all and Building a humane and compassionate society.

‘This is the Budget to boost people's incomes and enhance their purchasing power. Only through higher growth we can achieve that and have our youth gainfully and meaningfully employed. Let our businesses be innovative, healthy and solvent with use of technology.’

FM said, ‘Fundamentals of the economy are strong and that has ensured macroeconomic stability. Inflation has been well contained. Banks saw a thorough cleaning up of accumulated loans of the past decade and then they were recapitalized.  Companies were provided an exit through the IBC. Several steps on the formalization of the economy were taken up.’