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Union Budget 2020: Average Household Now Saves 4 Per Cent In Monthly Expense After Rollout Of GST: Sitharaman

Mobile Phone And Component Manufacturers Expect Export Incentives And Lower GST On Mobile Parts. At The Same Time, Analysts Expect Import Duties On Certain Components To Go Up Even More.

News Nation Bureau | Edited By : Victor Dasgupta | Updated on: 01 Feb 2020, 02:59:44 PM
PM Modi

Union Budget 2020: What Household Sector Can Expect From Modi Government This Year (Photo Credit: File Image)

New Delhi:

A simplified return format for GST is being introduced from April 2020, Finance Minister Nirmala Sitharaman said on Saturday. In her second Budget presentation, the finance minister said GST has resulted in gains of Rs 1 lakh crore to consumers and removed inspector raj and also helped the transport sector. "Average household now saves 4 per cent in monthly expense after the rollout of GST," Sitharaman said, and added that the Budget for 2020-21 aims to fulfil aspirations of people.

HERE ARE THE HIGHLIGHTS: 

For every woman wishing to stand up and get counted and for every individual from minority sections, this Budget 2020 aims to give and have your aspirations and hopes addressed: FM Nirmala Sitharaman. 

Average household now saves 4 per cent in monthly expense after rollout of GST, says FM Nirmala Sitharaman.

GST resulted in Rs 1 lakh crore gains to consumers, removed inspector raj and helped transport sector: FM Nirmala Sitharaman. 

GST has resulted in efficiency gains in transport and logistics sector, inspector raj has vanished, it has benefitted MSME Consumers have got a annual benefit of 1 lakh crore rupees by GST: Finance Minister.

This Budget aims to give more spending power: Finance Minister Nirmala Sitharaman.



Budget is for boosting income, purchasing power of people: Finance Minister.

Finance Minister Nirmala Sitharaman begins presenting Budget for 2020-21 in Lok Sabha

Nirmala Sitharaman reaches Parliament to present Union budget 2020. 

Finance Minister Niramala Sitharaman reaches Rashtrapati Bhavan before Budget 2020 presentation.

The finance minister announced that the Union government has approved rail and metro projects for 300 km across the country

Nirmala Sitharaman announced FAME II scheme, which aims to encourage faster adoption of electric vehicles by right incentives and charging infrastructure

Sitharaman said that the Modi government strives to encourage faster adoption of electronic vehicles

Finance Minister Nirmala Sitharaman gave a big push to electronic vehicles as a means to reduce carbon emissions and air pollution.

Sitharaman said that 1.9 crore houses will be provided to citizens in the next two years

Last year, Nirmala Sitharam announced access to electricity to every household by 2022.

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First Published : 01 Feb 2020, 08:03:23 AM