Preparing the Budget, Finance Minister Arun Jaitley faced three challenges. He needed to convey a message that the Narendra Modi government was no ‘suit-boot ki sarkar’, but a government for the poor. With an eye on the impending assembly polls, he needed to deliver “gains” to the middle classes and small entrepreneurs after the “pain” of demonetisation. The FM also needed to showcase the intent of the government, particularly post-note ban, that it is serious about bringing greater transparency in political funding. The finance minister tackled all three challenges head on.
The FM announced tax relief for middle classes
The FM announced tax relief for middle classes