The Narendra Modi government is likely to increase state spending on infrastructure and offer some income tax incentives when Finance Minister Nirmala Sitharaman reads her Budget 2020 speech in Parliament today, aiming to get growth back up from its lowest in a decade.
Sitharaman will begin her budget speech at 11am on February 1, Saturday. Last year, the Sitharaman’s budget in red cloth instead of the budget briefcase had garnered immense attention.
Sitharaman has arrived at Finance Ministry ahead of budget session of Parliament 2020. She will be presenting the budget in the PArliament at 11:00 am today. A cut in personal income tax, sops for rural and agriculture sectors as well as an aggressive push on infrastructure spending are likely to be part of Finance Minister Nirmala Sitharaman’s “feel-good” second Budget.