Suspense has come to a halt on the date of presenting the Union Budget 2020 due to being a Saturday on February 1 of next year. According to a media reporter, Finance Minister Nirmala Sitharaman will present the second budget of Modi 2.0 government on February 1. Earlier it was being speculated that due to be a Saturday on February 1, 2019, the date of presenting the budget of FY 2020-21 could be extended.

Budget was presented on Saturday in 2015 

Earlier in 2015, the then Finance Minister Arun Jaitley presented the budget in Parliament on Saturday. During that time there was a tradition of presenting the budget on the last day of February. The budget began to be presented on 1 February from the financial year 2017-18. It is expected that Finance Minister Sitharaman can make big announcements in this budget to speed up the country's economic growth.

Consultation with industry since Monday

Sitharaman told reporters on Friday that the government will start consultations with the industry on the budget from Monday. The Finance Minister said that she is analyzing the state of the economy before announcing measures to speed up the pace of economic growth. On the steps being taken by the Center to revive the economy, Sitharaman said, "Now the budget is very close. We will start the process of consultations with the industry before the budget. I am watching the economy. I am interfering in the place where I am feeling. Whenever I face industry-related problems, I will fix them. "The Finance Minister said in a press conference," So far, whoever (industry) has asked us to intervene, we have responded to that. I would like to see whether those steps were in accordance with the expectations of the respective areas. But otherwise, I will see if there is scope to do anything else. ''

The government has done many measures since August
It is noteworthy that the government has taken several steps since August to bring the country's economic growth back on track. The government has taken several steps giving relief to automobile companies and builders. Along with this, several announcements have been made such as incentives to exporters and reduction in corporate tax. In such a situation, according to the experts of economic matters, the government may announce income tax relief to individual income tax payers in the budget of the next financial year.

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