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Nirmala Sitharaman Arrives in Parliament With Red Cloth Bahi Khata; Middle Class Hopes for Income Tax Relief

Finance Minister Nirmala Sitharaman is back with a red cloth bahi khata to present the budget.

The Narendra Modi government is likely to increase state spending on infrastructure and offer some income tax incentives when Nirmala Sitharaman reads her Budget 2020 speech in Parliament today, aiming to get growth back up from its lowest in a decade.

Budget time and date: Nirmala Sitharaman will begin her budget speech at 11am on February 1, Saturday.

Last year, the Sitharaman’s budget in red cloth instead of the budget briefcase had garnered immense attention.

The finance minister had said that the suggestion to use the red cloth to present the budget was given by her family.

Inputs from news18

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