November 26, 2024 14:28 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Eknath Shinde resigns as Maharashtra CM amid suspense over top post | President Droupadi Murmu releases commemorative coin, stamp and books on Constitution Day | President Droupadi Murmu, Defence Minister Rajnath Singh pay homage to 26/11 victims | Union cabinet approves One Nation One Subscription | 'Left country due to death threats from Dawoon Ibrahim': Lalit Modi
Sensex slides as FM Nirmala Sitharaman spells out Union Budget 2020

Sensex slides as FM Nirmala Sitharaman spells out Union Budget 2020

| @indiablooms | 01 Feb 2020, 08:13 am

Mumbai/IBNS: The Bombay Stock Exchange (BSE) Sensex is witnessing a steep fall as Union Finance Minister Nirmala Sitharaman is reading out the annual budget for 2020 in Parliament on Saturday.

As per latest report, Sensex is down by close to 600 points while NIFTY is down by over 150 points.

In one of the major highlights of the budget, Sitharaman introduced a major cut in the individual tax regime.

As per the new regime, 0 per cent tax will be charged on income upto Rs. 5 lakhs; 10 per cent on Rs. 5-7.5 lakhs; 15 per cent on Rs. 7.5-10 lakhs; 20 per cent on Rs. 10-12.5 lakhs; 25 per cent on Rs. 12.5-15 lakhs and 30 per cent on above Rs. 15 lakhs.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.