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DNA Web Team | Feb 01, 2020, 09:01 AM IST
1.Highlights of government's monthly account
Official data released on Friday showed that the government's fiscal deficit touched 132.4% of the full-year target at December-end mainly due to slower pace of revenue collections.
The Government of India has received Rs 11,77,922 crores (56.6% of corresponding Budget Estimate (BE) 19-20 of total receipts) up to December 2019 comprising Rs 9,04,944 crore tax revenue (net to Centre), Rs 2,41,953 crore of non-tax revenue and Rs 31,025 crore of non-debt capital receipts. Non-debt capital receipts consist of recovery of loans (Rs 12,925 crore) and disinvestment proceeds (Rs 18,100 crore).
2.Nirmala Sitharaman to present her second budget today - when and where to watch
When
A cabinet meeting will take place at 10.30 am where the Union Budget 2020 will be approved. After that, she will meet the President Ram Nath Kovind and present him a copy of the Budget and then leave for parliament to table the Union Budget 2020.
Nirmala Sitharaman's Budget speech will start at 11 am in Parliament and may last for more than an hour.
Where to watch
The budget speech will telecast live by Lok Sabha TV and the feed will be used by other TV channels including Zee News and WION. You can watch the speech on DNA Live TV, provided by WION.
3.Budget 2020 expectations
A number of measures, including a cut in personal income tax, reduction in interest rates on loans for education and agriculture, as well as aggressive push on infrastructure spending are expected to be announced.
4.What does India Inc expect from Budget 2020
A lot is riding on the Budget as various sectors have their eyes set on Ms Sitharaman and her box of mystery. The government is likely to announce measures for micro, small and medium enterprises (MSMEs) and may also announce some relief to individual income taxpayers.
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5.January 2020 GST collection crosses Rs 1.1 lakh crore
The government has released the GST collections data for January ahead of the Budget 2020. The GST collection has crossed the Rs 1 lakh crore mark, the third month in a row with improved compliance and plugging of evasion, reports said.
