What the media is saying about next month’s budget:
According to a news report in Hindustan Times, Government spending will hit a landmark figure of Rs11 lakh crore. Higher allocations is expected for programmes spanning across rural development, infrastructure, health, education and other social sector schemes.
Economic Times on Thursday reported that Government is looking to hike the Income Tax limit in wake of the rising inflation. But the fact that the limit was hiked sharply in 2008-09 could force it to maintain status quo or give just a token hike.