Budget 2018: For the first time ever, Union Finance Minister Arun Jaitley is likely to break tradition and deliver his maiden Hindi Budget speech today. Conventionally, ever since Independence, Finance Ministers have delivered their speeches in English, but FM Jaitley might go against all odds and deliver his speech in Hindi. This move by the Union Minister might be a way to connect more with the common man as it will be his last budget under PM Narendra Modi before the General Elections 2019. The move to deliver the speech in Hindi is even more crucial as the focus today will be more on Agriculture. By giving the speech in Hindi, FM Jaitley will be able to develop a direct connect with the rural population and work even more towards the focal points.
Budget 2018 is likely to provide relief to the farmers, whereas the common man and corporates can expect a tax relief. Among other expectation from today’s budget, according to the Economic Survey that was presented on January 29, employment, education and agriculture will remain the focus in the medium term. As far as the job creation is concerned, FM Jaitley is likely to focus on this sector more so that there is satisfaction among the youth.
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The Union Budget presentation will be politically very important as it is being presented ahead of 8 crucial Assembly Elections that are to be conducted this year and also before the upcoming General Elections in 2019. The outcome of today’s budget will be a decisive one for the common man as it will help them decide their vote for next year.
Meanwhile, FM Arun Jaitley has reached the Ministry of Finance ahead of the presentation of the Union Budget 2018 in the Parliament. The Finance Minister was also photographed with the iconic budget briefcase that is carried by FMs every year. Back in 1947 during India’s maiden Budget session, RK Shanmukham Chetty was the first FM to carry the leather portfolio bag.