Budget 2020-21 to boost income, enhance purchasing power: FM

New Delhi: Finance Minister Nirmala Sitharaman on Saturday said the Union Budget 2020-21 will aim to boost income and enhance purchasing power.

Sitharaman is presenting her second Union Budget in Parliament today.

She said GST has integrated India economically.

“GST has integrated economically and has consolidated multiple taxes. GST has led to inspector raj vanishing,” she said.

“Average household now saves 4 percent of monthly spend due to reduced GST rates,” she added.

Total of 60 lakh new taxpayers and 105 crore e-way bills generated under GST, said the FM.

Sitharaman said economic development would entail reforms across the economy and more space for the private sector.