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Feb 01, 2019 09:38 PM IST | Source:

Budget 2019-20 highlights: Middle class to be 44% of population by 2024, says Arun Jaitley

Cheer for middle income tax payers. FM Goyal announces tax rebate and increase in standard deduction.

Finance Minister Piyush Goyal’s Union Budget 2019-20 may be an Interim Budget but expectations are high since it is the last one for the Modi government before the country heads for Lok Sabha elections in April-May. Expect measures to boost agriculture and bring cheer to distressed farmers but no big overhaul in income tax rates and slabs. Fiscal deficit target miss is possible. Job creation will remain in focus and so will the new e-commerce FDI policy. Railways Budget 2019 may see new measures to improve convenience.

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