New Delhi: Finance Minister Arun Jaitley will present on Saturday the first full year Budget of the NDA government, which is termed as a ‘make or break’ fiscal exercise widely expected to unveil pro-common man measures and push forward ‘Make In India’ campaign.
The Budget, to be presented in the backdrop of the ruling BJP-led NDA losing Delhi elections, is likely to either raise tax slabs or hike investment limit in saving instruments.
The Finance Minister is also likely to pursue the path of fiscal consolidation and keep the fiscal deficit target at 3.6 percent of GDP, down from 4.1 percent expected this year.
Besides doling out sops to the individual tax payers, he is also expected to unveil initiatives to boost investments by corporates and promote manufacturing as part of the ‘Make In India’ campaign that aims to make the country a global manufacturing hub and create jobs.
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