Arun Jaitely has presented their first full budget and it is being said by opposition parties that it is pro corporates. As corporate tax has been reduced from 30 to 25% that is the main reason that people are saying it pro corporates. There was no change in income tax slab but few limits have been increased like premium of medical insurance and travel allowance limit etc. The largest part of budget is going to infrastructure which is very good news and NDA has continued the MNREGA. They have introduced very good schemes for poor like 2 Lac accidental insurance at premium of Rs. 12 per year and 2 Lac life insurance cover at premium of Rs. 330 per year so who are saying it is not pro poor they should take a note of this.
So overall it was a progressive budget and can give new direction to the Indian economy.
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