Tax sops likely in Modi govt’s 1st Budget today

New Delhi: Finance Minister Arun Jaitley will present on Saturday the first full year Budget of the NDA government, hyped as a ‘make or break’ exercise, that is widely expected to unveil sops for tax payers while pushing forward the ‘Make In India’ campaign.
Coming as it does after the Delhi electoral defeat and the Assembly elections scheduled in Bihar later this year, speculation is on whether the budget will be populist. There is expectation that the Finance Minister could raise tax slabs or hike investment limit in saving instruments.
He is also likely to pursue the path of fiscal consolidation and keep the fiscal deficit target at 3.6 per cent of GDP, down from 4.1 per cent. (PTI)