Budget 2019: 10 important points to focus on

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Here are the ten points:

• As per NDTV, it is expected that the budget will give boost spending at the cost of short-term slippage in fiscal deficit targets.
• Some believe that Sitharaman may give some relief to the common man by raising personal income tax threshold for certain categories and increase spending on agriculture, health and social sectors.
• Spending on infrastructure, including roadways and railways, may also follow. The growth had come down to a five year low of 5.8 per cent in the first three months of 2019.
• The numbers also reflect a slowdown in factory output and automobile sales. The economy has also been weighed down by slowing trade, trade conflict between the United States and China.
• It is expected that the budget will boost growth through new policy initiatives and reforms which are aimed at boosting growth and employment.
• The measures may provide liquidity to non-bank financial companies (NBFCs) and help in removing the roadblocks which have crept into insolvency and bankruptcy code process.
• The budget deficit may widen to 3.5 per cent of GDP, instead of the 3.4 per cent target.
• The biggest constraining factor for the Finance minister is lower than expected growth in tax revenues, particularly GST.
• The scope of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) was also expanded recently to cover all farmers and thus increase expenditure by 15000 crores along with a new pension scheme.
• She may also have to live up to the relief which has been promised to small taxpayers in the Interim budget in February

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