This will be the NDA’s government last full-fledged budget ahead of the 2019 Lok Sabha elections.
The main highlights of the budget will be deficits and taxes including personal income-tax rates, tax on dividend income, and corporate tax and capital gains tax on stock market investments.
Market watchers have much expectations from the Union Budget 2018, as it will be largely focussed on the agriculture sector and fiscal deficits, corporate sector and the middle class.
After presenting the budget at 11 am in the Parliament, Arun Jaitley is scheduled to give a live interview at 2 pm.
PM Narendra Modi, Union Ministers Sushma Swaraj and Ram Vilas Paswan arrived at the Parliament for the Union Budget 2018.
Finance Minister Arun Jaitley met President Ram Nath Kovind at Rashtrapati Bhavan before presenting the Union Budget 2018-19 in the Parliament.