As the Union Budget was announced on February 1, 2018, by the Union Minister for Finance, Mr. Arun Jaitley, a lot of curiosity was created about what it meant for the country’s inhabitants. The 2018 budget was a mixed bag of sops with a lot of goodies for the economically weaker sections and the uber-rich, but very little for the middle class.
The Prime Minister, Mr. Narendra Modi, called the budget a “Farmer friendly, common citizen friendly, business- environment friendly, development friendly budget.” But not all of the budget is bright and shiny. Several provisions are definitely not pro-salaried class. The bigger corporate houses are also expected to be disappointed.