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Farmers protest effecting Economy's

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The Associated Chambers of Commerce  and Industry of India (ASSOCHAM) has urged the government and farmers' organisations to resolve the impasse at the new farm laws. It has said that the economies of Punjab, Haryana, Himachal Pradesh and Jammu and Kashmir are bearing losses to the tune of Rs 3,500 crore every day. "The ongoing protests are dealing a big blow to the interconnected economies of the region, including Punjab, Haryana and Himachal Pradesh," it said While the government maintained that the farmer protests have only minimally impacted the economy, industry leaders on Monday said the current agitation by farmers in many parts of India has led to disruption in supply chains and logistics. They urged the government and protesting farmers to find an amicable solution for the sake of the economy, which is already struggling to get on a growth trajectory amid the Covid-19 pandemic The protest will have a bearing on the economy over the coming days and may im...
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Highlights of Union Budget for 2020

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Presenting the  Union Budget for 2020-21 , Finance Minister Nirmala Sitharaman said, “ In May 2019, Prime Minister Narendra Modi received a massive mandate to form the government again. People of India have unequivocally given their Janaadesh for not just political stability, but have also reposed their faith in our economic policy. This is a budget to boost their income and enhance their purchasing power. ”   Highlights of budget: TAX : A New Tax Slab has been announced. Those who want to be in the old regime with exemptions, can continue to pay at the old rates   Income Tax Between ₹5 lakh and ₹7.5 lakh Reduced to 10% from the current 20% Between ₹7.5 lakh to ₹10 lakh Reduced to 15% from the current 20% Between ₹10 lakh to ₹12.5 lakh Reduced to 20% from the current 30% Between ₹12.5 lakh to ₹15 lakh Reduced to 25% from the current 30% Above ₹15 lakh Continue at 30%, but without exemptions   Around 70 deductions have been removed Companies will no longer be req...
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