New Delhi: Speculations gained momentum after former union minister passed away late at night, whether the budget would be postponed for a day. But sources have confirmed that the budget would be as per schedule.
Budget 2017 will just have to be exceptional. Analysts are calling Finance Minister Arun Jaitley’s fourth Budget a “make or break” moment, with many expectations from it like income tax and corporate tax cuts and measures to support the economy after demonetisation.
Stock markets have also rallied to the levels before November’s notes ban, anticipating big announcements from Mr Jaitley. But analysts say the finance minister faces tough challenges, particularly in view of an economic growth slowdown after PM Modi’s demonetisation.
The big questions being asked – Will the government continue fiscal consolidation? Will the balance of spending shift to the social sector with crucial state elections three days away? Will there be significant changes in the tax structure?