Clearly, this was a ‘make or break’ Budget for the government with most sectors (including real estate) seeking concessions to boost consumption and investments.
Union Budget 2020 has offered simpler direct tax option for individual tax payers and the government has reduced the tax rate.
Union Budget 2020 has led to steep decline in Indian stock market as market participants were expecting relief from LTCG tax and some other sops.
Indian government has taken a major step towards helping the economy with reduction in corporate tax rate.
Indian economy is going through tough times but the positive thing is regular measures announced by finance minister Nirmala Sitharaman.
Indian public sector banks have been suffering for last few years due to high non-performing assets. The banking sector needs government's support and strong reforms for its revival.
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