New Delhi: Finance Minsiter Arun Jaitely is set to present the much-awaited union budget for the current fiscal year at 11 am on Thursday. The same would decide government’s expenditures for the entire year.
Even the railway budget will be presented by the government today.
Here’s what to expect from the Budget?
- The budgets is likely lay its focus on the middle class section of the society and may hold schemes which would favour the middle class
- The budget is also likely to be inclined towards the women and is likely to have pro-women plans
- Considering the repeated protests and demands by the peasants, he agricultural sector and farmers are also likely to enjoy certain benefits from the budget
- Also, people with an annual income upto 3 lakh are likely to be redempted from paying tax
- Another benefit that the farmers may have from the budget, as the government is likely to provide loans at a cheaper interest rates
- Also, people planning to buy a house are likely to enjoy benefit as the interest rate on home loan is likely to be reduced
The budget will be Prime Minister Narendra Modi government's last budget as a new government is likely to be elected next year.