Objectives of the Budget:

Theme of the Budget:

The agenda of ease of living for the citizens aimed to be achieved by the following pillars:


Sector Wise Major Proposals and Allocation-

Aspirational India

Agriculture, Irrigation and Rural development:

Wellness, Water and Sanitation:


Education and Skills:

Economic Development

Industry, Commerce and Investment:


New Economy:

Caring Society

Women & Child, Social Welfare

Culture & Tourism

Environment & Climate Change


The Complete Fiscal Outlay of Union Budget 2020-21

 Fiscal Management:

  • Estimation of nominal growth at 10% for year 2020-21.
  • Receipts for the year 2020-21 has been estimated at INR 22.46 lakh crore and level of expenditure has been kept at INR 30.42 lakh crore for fulfilling the commitment of the Government towards various schemes.
  • Fiscal Deficit has been estimated 3.5% for 2020-21.
  • Net Market Borrowing for the year 2020-21 are expected to be INR 5.36 lakh crore.
  • Moreover, decision has been taken for transferring the GST Compensation Fund balances due out of collection of the years 2016-17 and 2017-18, in two instalments.

The announced policies and initiatives on the mentioned sectors can only be achieved through the strong Taxation, effective Governance and sound Financial system.

Lets’ have a look at the Union budget announcement on these important factors.


Proposed Direct Tax Rates in the Union Budget 2020-21

Major Proposals on Direct and Indirect Tax:


 Financial Management & Disinvestment:



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