Finance Minister Arun Jaitley today presented the Union Budget 2017-18, offering more money for welfare schemes, tax sops for individuals and small firms, and a fiscal deficit of 3.2 per cent of GDP. Major steps were taken for MSMEs and the housing sector while there are various tax breaks for digital companies. In his fourth budget as the finance minister, Jaitley said the budget has 10 distinct themes: Farmers, rural population, youth, the poor, infrastructure, financial sector, digital economy, delivery of public service, prudent fiscal management and a tax administration that honours the honest. Experts from different sectors join India Today's Rahul Kanwal over a discussion on what real impact does the budget have on one's wallet and what it means to the common man.

Source: India Today February 01, 2017 15:56 UTC