New Delhi: With finance minister Piyush Goyal doublin g the income tax exemption limit and reaching out to farmers in his interim Budget 2019, the Sensex held on to the gains it had made early in the morning and was trading more than 350 points higher, while Nifty was trading around 10,950.
In his budget speech, Goyal said the fiscal deficit for the current financial year is expected to be 3.4 per cent of GDP. The fiscal deficit for the financial year 2018-19 was pegged at 3.3 per cent.
In a huge relief to salaried tax payers, Piyush Goyal raised the tax exemption limit from Rs 2.5 lakh to Rs 5 lakh.