Interim Budget 2019: Analysts rule out pre-budget rally, expect rural sops

Analysts have ruled out significant changes to corporate tax and personal income tax rates and a runaway pre-interim budget market rally. On the other hand, they expect the government to dole out some populist policies, especially for the rural / farm sector while presenting the interim budget scheduled for February 01, given that the country is heading towards general elections over the next few months.

“Because of its drubbing in recent state elections and concerns about farm distress, broad expectations are for the government to present a populist budget, announce a farm package and miss its fiscal deficit targets. Even