India to become $3 trillion economy this year :Sitharaman

Indian Finance Minister Nirmala Sitharaman presents the first budget of Modi 2.0 government at 11 am today.

 In February's interim budget, the then acting finance minister Piyush Goyal had provided several income tax sops to the middle-class and introduced zero tax liability for those in the Rs.5 lakh income bracket.

The interim budget had also increased standard deduction to Rs.50,000 from Rs.40,000 for the salaried class.

Nirmala Sitharaman is the second finance minister after Indira Gandhi, to present the budget today.