Impact Areas
Stock markets
2020
Dividend Distribution Tax Goes

Government to list Life Insurance Corporation of India (LIC) on the stock exchanges. Dividend Distribution Tax removed. A debt ETF consisting of government securities will be launched. Specified categories of government securities would be opened for non-resident investors FPI Limit for corporate bonds to be increased to 15 per cent.

Agriculture
2020
16 action points for the farmer

The availability of agricultural credit target for the year 2020-21 has been set at Rs 15 lakh crore. All eligible beneficiaries of the PM-Kisan scheme - which provides marginal small farmers with minimum income support of up to Rs 6,000 crore - will also be eligible for the Kisan credit card scheme.

Income tax
2020
Personal Income Tax Rates Slashed

Personal income tax rates reduced significantly. Those earning up to Rs 5 lakhs- No tax. Rs 5-7.5 lakhs: Tax rate reduced to 10%. Rs 7.5- 10 lakhs: Tax rate reduced to 15%. Rs 10-12.5 lakhs: Tax rate cut to 20%. Rs 12.5-15 lakhs: Tax rate cut to 25%.

Infrastructure
2020
A Big boost from the Union Budget 2020-21 for Infra sector

It was widely anticipated that the Infra sector would receive a big boost from the Union budget, which it did with the following announcements. Finance Minister Nirmala Sitharaman has proposed around Rs 1.70 lakh crore for transport infrastructure in 2020-2021.

Economy
2020
Fiscal deficit for 2019-20 estimated at 3.8%

Central government's debt has come down to 48.7 percent in March 2019 from 52.2 percent in March 2014. Fiscal deficit revised from 3.3% to 3.8% of GDP. FDI (Foreign Direct Investment) of $284 billion received in 2014-2019. Divestment target set at Rs 2.1 lakh crore for 2020-21.

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