Budget 2020: Stock market causes heavy losses to investors
Budget 2020: Stock market causes heavy losses to investors On Saturday, Finance Minister Nirmala Sitharaman presented the Budget 2020, after which the stock market collapsed and investors lost Rs 4 lakh crore. The Bombay Stock Exchange’s flagship index Sensex closed at 39,735.53, down 987.96 points, or 2.43 per cent. At the same time, the National Stock Exchange’s Nifty closed at 11,643.80, after losing 318.30 points, or 2.66 percent. This is the biggest decline of a decade. The stock market was not happy with the general budget. Let’s know five reasons, because of which this market fell drastically Confusion about tax slab For the convenience of common taxpayers, the Finance Minister has announced a new income tax slab. According to this, if a taxpayer files his return according to the new slab, then he will benefit greatly. However, if the taxpayer uses exemption options like section 80C, 80D, 80G and 80E and standard deduction, then there will be no benefit in