Finance Minister Nirmala Sitharaman will present the Union Budget 2020 in the Parliament today amid huge speculations about the government announcing some relief to millions of income tax-payers of the country and offering some sops for the social sectors. Going by the people's expectations, a cut in personal income tax rate slab, sops for rural and agriculture sectors as well as an aggressive push on infrastructure spending are likely to be part of Finance Minister's "feel-good" second General Budget.
Facing the worst economic slowdown in more than a decade, FM Sitharaman is expected to pull out all stops to spur consumer demand and investment, according to economists. FM Sitharaman's second Budget is expected to announce measures to restore economic growth and to set out a clear roadmap for achieving the ambitious target of making India a USD 5 trillion economy by 2025.
