Finance Minister Arun Jaitley is all set to present his last full budget tommorow in Parliament.
Here is a list of what India expects
Taxation
Raise in upper limit of income tax ceiling
Tax relief for senior citizens
Further reduction of taxes in GST
Exemption of taxation on essential commodities like sanitary napkin, medicines and food
Reduction in corporate tax rates & Minimum Alternative Tax
Remove tax on angel investors
Remove tax on digital services
Agriculture
Encourage micro-credit for farmers
Reduce waivers on fertilizers & allied products
Investment in micro-irrigation projects
Waive off loans on farmers
Invest in ‘in-situ’ processing units to reduce dependency on transport
Invest in cold storage plants
Banks
Revive banks with non-performing assests
Simplify procedures for insolvency
Incentives for digital monetary transactions
Encourage long term investments
Infrastructure
Increase investment into infrastructure projects
Increase investment in waterways
Focus on Railway Infrastructure & safety
Auto sector
Reduce import tax on raw material
Lower GST rates on electric vehicles
Real estate sector
single-window clearance for all real estate projects
Reduce taxes on under-construction projects
Focus on sustainable, cheap housing projects
Energy sector
Focus on clean energy sector
Provide incentives for alternate & clean fuel
Incentives for solar projects
Reduce cess on oil and gas exploration and production
Metals and mining sector
Decrease customs duty on coking coal
Decrease in export duty on iron ore