7 Expectations from Budget 2019
7 Expectations from Budget 2019 https://www.fundstiger.com/budget-2019-expectations/ Finance Minister Nirmala Sitharaman is all set to present her maiden budget in the Lok Sabha today. Friday at a crucial juncture in the economy when growth is slowing down and so are revenue collections. Consumer demand which has so far been the only engine driving the economy now looks vulnerable. Here is a look at five key expectations that the common man has from Budget 2019: 1.Revision of Tax Rates This is one of the key demands of salaried and middle class. Last time the basic exemption limit was hiked was in 2014 when it was increased by Rs 50,000 to Rs 2.5 lakh. Since then no changes have been made. However, in Budget 2017, then finance minister, Arun Jaitely, slashed the income tax rate for the lowest tax bracket to 5 percent. 2.Nominal GDP Assumption The 11.5% nominal GDP growth for 2019-20 assumed in the interim Budget is unlikely to be achieved since the Economic Survey has now...