While unveiling the Interim Budget 2019 on Friday February 1, acting Finance Minister Piyush Goyal made a serious effort to win over rural and urban votes. Through his shrill election pitch on behalf of Prime Minister Narendra Modi ahead of General Elections due this May, FM Goyal opened a bag of goodies for the middle-class.
While some termed it as an election Budget, there is another school of thought which saw the tax relief for the lower middle class as substantial. The salaried class and vast swathes of India with moderate salaries got major relief, particularly in the form of income tax breaks.
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Piyush Goyal presented the interim budget at 11 am today for the financial year 2019-20. Both the houses of Parliament- the Rajya Sabha and the Lok Sabha, will remain in session till February 13 for the Budget Session, which began on Thursday. A total of 10 sittings are slated to take place.