Finance minister Arun Jaitley will present the first Union Budget of the Modi government today and a lot is expected from it by corporates, foreign investors and the common man. Tax sops are expected as the new government is eager to win over the middle class. Hence, the Finance Minister is expected to present a common man-friendly Union Budget 2015-2016. Tax slabs could be raised and there could also be a hike in savings investment limit.
Giving a boost to PM Modi’s Make in India initiative, the Budget is expected to promote manufacturing and create jobs.
Live updates of Union Budget 2015-16:
* Finance Minister Arun Jaitley presents Union Budget 2015-16 in Parliament