Coronavirus Updates

Rs 1.12tr extra taxes in ‘austerity’ budget

* Total outlay for fiscal year 2019-20 stands at Rs 7.022 trillion
* More taxes imposed on cooking oil, sugar, juices, soft drinks, cream, powdered milk, cooked chicken, mutton, fish products, cigarettes, cement, marble, gold, silver and diamonds
* CNG price increased by up to Rs 12 per kg
* Minimum wage increased to Rs 17,500 per month
* Tax exemption limit for salaried class reduced to Rs 600,000 per annum, Rs 400,000 per annum for non-salaried class