Budget 2020: Modi government's big announcement regarding LIC | Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has made a big announcement regarding LIC while presenting the General Budget (budget 2020). The Finance Minister said that the government will bring an IPO of LIC and the government will sell its stake in LIC through an IPO.
Earlier, Union Finance Minister Nirmala Sitharaman while presenting the General Budget in Parliament on Saturday said that the base of Indian economy is strong and inflation has been kept under control.
Presenting the General Budget in Lok Sabha, Sitharaman said, "The base of the economy is strong and inflation is well controlled. This budget will increase income and purchasing power. Our people should be given profitable employment and our industries should be healthy." The purpose of this budget is to give wings to the aspirations of all members of the Scheduled Castes and Tribes, all women and all the people of the minority community. Has gone. "
He also said that due to the reduced Goods and Services Tax (GST) an average family now saves four percent of their monthly expenses. Apart from this, 60 lakh new taxpayers have been added to the system and several steps have been taken to formalize the economy.
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