Budget 2020: Will Government fufill Aam Aadmi’s expectations?

Modi Government will present Union Budget of this year in Parliament on Saturday at 11 am. Today, everyone’s eyes will be stucked at “Bahikhata” of Finance Minister Nirmala Sitharaman.

Budget Live: Nirmala Sitharaman reached Parliament

Delhi: Modi Government will present Union Budget of this year in Parliament on Saturday at 11 am. Today, everyone’s eyes will be stucked at “Bahikhata” of Finance Minister Nirmala Sitharaman.

FM Nirmala Sitharaman will be presenting her second Bugdet infront of Parliamentarians. Economic Survey for 2019-20 was tabled in the Lok Sabha, a day ahead of the presentation of the Union Budget.

Common man is having so many expectation from Modi Government. In the midst of a bad economy, the Center is expected to give the benefit of tax exemption to the common people, while the corporate sector is also expecting many ways from the government. Not only corporate sector but the matter for better future of youth will be a big question Today.

Tax Relaxation: 

In today’s sceneario a tax payer in country wants some relaxation. For the betterment of lifestyle and future savings all eyes will be on changes in taxes. Aam Aadmi is expecting basic changes in Tax slab. There is a demand to reduce the tax on slabs of 5-10 lakhs from 20% to 10%. Also, tax relaxation on the slab of 10 to 20 lakh expected as 30%.

Unemployment: 

In our country unemployment is the biggest problem. Not every educated degree holder has a good job and somehow there is a job then pay scale is less than expectation . The recent data released by Centre for Monitoring Indian Economy (CMIE) shows that the country’s unemployment rate has increased to 7.7 %. According to survey this percent was 7.48 in November, 2019.

Rural Development: 

The Congress today expressed hope that the Union Budget would provide relief to the salaried class through tax cuts and invest in rural India besides providing a healing touch to the common man and industry facing “hardship” since demonetisation.

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