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Union Budget Expectations

The Union Budget for the Fiscal Year 2021 is right around the corner.<br>We , the people have a lot of expectation from the budget.<br>Check out this presentation to get an idea on what to expect from the upcoming budget.<br>Check out the Union Budget(https://www.edelweiss.in/research/markets-economy-reports-3/budget-preview-fy21---go-countercyclical-b93650) on 1st February 2020, which will be presented by Mrs. Nirmala Sitharaman, the Finance Minister of India.

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Union Budget Expectations

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  1. Union budget expectations

  2. definition According to Article 112 of the Indian Constitution, the Union Budget of a year, also referred to as the annual financial statement, is a statement of the estimated receipts and expenditure of the government for that particular year. Union Budget keeps the account of the government’s finances for the fiscal year that runs from 1st April to 31st March • It is classified into 2: • Revenue Budget • Capital Budget

  3. Some of the Expectations from The fy21 budget • Cash-flow boosting of middle-class taxpayer • Boost in savings for individuals • Low tax rate for partnerships and LLPS • Sector-specific incentives

  4. conclusion • The Union Budget for FY 2020 is scheduled for presentation on 1 February 2020. • The finance minister has quite some things that need to be addressed. • These include slowing demand, low industrial output and an overall GDP growth at 5%, which is the lowest in 11 years.

  5. THANK YOU

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