Budget 2020: Three themes around which FM Nirmala Sitharamans speech was woven

Budget 2020: Finance Minister Nirmala Sitharaman while presenting the Union Budget in the Parliament on Saturday afternoon said that her Budget 2020 (#BudgetOnZee)  is woven around three themes. These were to boost the standard of living; economic development for all; and building a humane and compassionate society.

"My Budget 2020 is woven around three themes- aspirational India to boost the standard of living; economic development for all; and building a humane and compassionate society," the finance minister said, while speaking in the parliament. This was her second Union Budget presentation as the finance minister of India.

In her speech, the finance minister said that fundamentals of Indian economy are strong and inflation has been contained.

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"Fundamentals of the economy are strong and inflation has been well curtailed. This Budget will boost income and enhance purchasing power. Our people should be gainfully employed, our businesses should be healthy. For every member of the scheduled caste and schedule tribe, for every woman, for every individual from minority section, this Budget aims to give wings to your aspirations," she said.

Meanwhile, the key equity indices traded on a flat-to-positive note. The tepid trade in the domestic indices can also be attributed to the decline in the US and Asian markets after US President Donald Trump declared a public health emergency in response to the coronavirus outbreak in China.

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