Union Finance Minister Nirmala Sitharaman on Thursday morning posed with her digital tablet as she headed to Parliament to present the interim budget.
She also posed for a picture outside the Ministry of Finance in the national capital with her team before presenting her sixth straight budget, equalling the record of former Prime Minister Morarji Desai.
— ANI (@ANI) February 1, 2024
Ms Sitharaman will present an interim budget at 11 am on Thursday. The full budget will be presented by the newly-elected government, most likely in July.
Being an interim budget, major policy changes or big announcements may not be made, but expectations are still high.
Salaried taxpayers are hoping for a change in income tax slabs, a higher standard deduction limit and a hike in exemptions under Sections 80C and 80D.
For Micro, Small and Medium Enterprises (MSMEs), the expectation is that Prime Minister Narendra Modi-led government will bring in policies to ease regulatory procedures, reduce compliance burdens and provide greater access to loans.