India’s first full-time woman finance minister Nirmala Sitharaman presented her maiden Budget in Parliament today.
Here’s how it will affect us in our day to day lives.
Apple products will get cheaper as FM proposed to ease FDI norms in single-brand retail. CCTV camera, IP camera, digital camera will be dearer by at least 5%. Split Air Conditioning units are set to get costlier by 10%. Imported automobile and auto parts to get costlier, Made in India product will be cheaper (made in India)
Govt will bring in a New education policy with special focus on school and higher education A Study in India scheme will be launched to make India an education hub
A National research foundation will be formed to aid research in the country.A National Sports Education Board will be set up for the development of sportspersons
3) Aadhaar for IT return
Apart from PAN, Now Income Tax Return could also be filed by quoting Aadhaar