Finance Minister Nirmala Sitharaman presented the Union Budget 2020-21 in the Lok Sabha. This is the second budget after Narendra Modi led National Democratic Alliance returned to power for a second term. This year’s Union Budget centres around three ideas — Aspirational India, Economic development, A Caring Society. Central government to provide ₹99,300 crore for educational sector in FY21. New education policy will be revealed soon, said Sitharaman. Sitharaman also proposed new income tax slabs and lower rates. These income tax rates are optional and are available to those who are willing to forego some exemptions and some deductions. This year’s Economy Survey projected economic growth to rebound and hit 6%-6.5% in the next financial year starting April 1.

(Live Mint)