Coronavirus Outbreak LIVE Updates: Air India's jumbo B747 plane, evacuating 324 Indian nationals from the coronavirus-hit Wuhan in China, landed here today morning, officials said. The plane reached Delhi around 7.30am.
Union Budget 2020 LIVE Updates: With cut in personal income tax and sops for rural and agriculture sectors on agenda, Finance Minister Nirmala Sitharaman is all set to present the Union Budget for financial year 2020-21 in the Lok Sabha at 11 am today. Sitharaman's second Budget is expected to announce measures to restore economic growth and to set out a clear road map for achieving the ambitious target of USD 5 trillion economy by 2025.
While the estimated growth has been slashed to 5%, the possibilities of reduction in the policy interest rate are also receding. This may dampen the hopes of increase in investment, housing and consumer demand.
The Narendra Modi government may introduce heavy duty measures for rationalization of key equity taxes, including scrapping capital gains on sale of property and extending the timeline of long term capital gains tax from the current 12 months to 24 months.
While there will be little change instantly as the UK and EU enter into a pre-agreed period of transition from Saturday until the end of December, the process of complete extrication from the now 27-member economic bloc will begin right away.
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