LIVE: FM Nirmala Sitharaman presents Union Budget 2020

Sitharaman gets choked. She quits her budget address midway.

A system to be launched soon, for instant online allotment of PAN on the basis of Aadhaar, without the need for filling any application form

Under Vivad Se Vishwas Scheme, taxpayer to pay only amount of disputed tax, will get complete waiver on interest and penalty, if scheme is availed by March 31, 2020

Registration of charity institutions to be made completely electronic, donations made to be pre-filled in IT return form to claim exemptions for donations easily

Option to be provided to cooperative societies to be taxed at 22% plus 10% surcharge and 4% cess, with no exemptions or deductions

To boost startups, tax burden on employees due to tax on Employee Stock Options to be deferred by five years or till they leave the company or when they sell, whichever is earliest

As per Vivadh Se Vishwas scheme introduced: Nirmala

Dividend distribution tax axed: Nirmala

Rs. 1.5 lakh exemption on home loans: Nirmala

No auditing upto 5 crore turnover: Nirmala

Tax payers can choose new or old reforms: Nirmala

15 pc tax for income over Rs. 15 lakh as the old regime: Nirmala

Those who earn upto 5 lakh will have to pay no taxes: Nirmala

25 pc income tax for income tax payers between Rs. 12.5 to 15 lakhs as opposed to previous 30 pc: Nirmala

20 pc income tax for income tax payers between Rs. 10 to 12.5 lakhs as opposed to previous 30 pc: Nirmala

15 pc income tax for income tax payers between Rs. 7.5 to 10 akhs as opposed to previous 20 pc: Nirmala

10 pc income tax for income tax payers between Rs. 5 to 7.5 lakhs as opposed to previous 20 pc: Nirmala

Income tax rates signficantly reduced for individual tax payers: Nirmala

We took a bold historic step of reducing corporating tax for new companies to 15 pc and existing companies to 22 pc: Nirmala 

Fiscal deficit for 2020 is at 3.8% and 3.5% for 2021: Nirmala 

We have estimated the nominal growth of GDP for 2020-21 based on trends available to 10 pc: Nirmala 

15th Finance Commission gives its first report for 2020-21. I am pleased to announce we have a substantial measures to accept: Nirmala

Government stake in IDBI Bank to be sold: Nirmala

Robust mechanism is in place to monitor all banks so depositors' money is absolutely safe: Nirmala

Ease of living is our goal: Nirmala

We are committed to the Paris Climate Accord: Nirmala 

Rs. 2500 crore allocated for tourism promotion: Nirmala

I propose allocation of Rs. 3,150 crore to the Ministry of Culture: Nirmala 

Four museums will be renovated across the country: Nirmala

Five Archaeological sites will be set up as iconic sites in Haryana, UP, Assam, Gujarat, Tamil Nadu: Nirmala

Rs. 9500 crore allocated for senior citizens for 2020-21: Nirmala

More than 6 lakh Anganwadi workers have mobile phones: Nirmala

Optical fibre connections through Bharat net will connect 1 lakh gram pachayats by this year: Nirmala

I propose to bring out soon a policy to enable provate sector to build data centre parks throughout the country: Nirmala 

Govt harnessed new technologies to ensure direct benefit transfers: Nirmala 

New economy based on innovations: Nirmala

Urge all states and UTs to replace conventional energy meteres with smart metres: Nirmala 

Propose to provide 1.7 lakh crores for transport infrastructure for 2020-21: Nirmala

Nirvik scheme launched forexport credit disimbursement: Nirmala

I propose to set up investment clearance cell: Nirmala

The government will encourage large hospitals for resident doctors: Nirmala

To meet the shortage of doctors, the government proposes to make hospitals in districts under PPP model: Nirmala

Government through urban local bodies will offer internship to fresh engineers for one year: Nirmala 

Students in general stream need their employment opportunities improved: Nirmala

New education policies will be announced soon: Nirmala

Rs. 12,300 crore allocated for Swachh Bharat: Nirmala

58 lakh SHG mobilisied under Deen Dayal Udhapayay scheme: Nirmala

200 lakh tonne fish production by 2022-23: Nirmala

Coverage of artificial insemination to be increased from 30 pc to 70 pc: Nirmala

Dhanya Lakshmi scheme for village women: Nirmala announces

Indian Railways will make kisan trains through PPP model: Nirmala

Our govt will encourage balanced use of all kinds of fertilisers including traditonal and innovative ones: Nirmala

We encourage states to consider 3 model farm laws: Nirmala

Prosperity of farmers can be ensured by making farm practices competitive: Nirmala

Our govt is committed to the goal of doubling farmers' income by 2022: Nirmala

FM recites Kashmiri poem

Nirmala says the budget addresses: 

1. Aspirational India where all sections seek better standard of living

2. Economic Development for All

3. Ours shall be a humane soiciety. A caring society

16 lakh new tax payers added: Nirmala

Average houshold now spends 4 pc less owing to GST reduction: Nirmala

GST was a historic tax reform: Nirmala

Nirmala paid homage to late Finance Minister Arun Jaitley.

The budget will boost income: Nirmala

Fundamentals of economy are strong: Nirmala