The nation's eyes will be trained on Finance Minister Arun Jaitley, who will present the General Budget for the year 2016-17 in Parliament today.
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The Finance Minister has a herculean task of balancing the needs of agriculture as well as the industry as the Modi-Government seeks to garner resources to boost public spending for higher growth amid global headwinds.
Rising rural distress because of back-to-back droughts has put considerable pressure on the Finance Minister to spend more on social schemes, while at the same time he has to win back foreign investors craving for faster reforms.
The Rail Budget for 2016-17 was presented by Union Railway Minister Suresh Prabhu on February 25.
Prabhu said that the Rail Budget reflects the aspirations of the common people of India and it is inspired by Prime Minister Narendra Modi's vision to make railways the backbone of India's progress and economic development.