Union Finance Minister Piyush Goyal’s budget has proposed tax breaks for the middle class and sops for farmers & millions of employees in the unorganized sector. Taxable income up to Rs 5 lakh per year will be exempted from tax; farmers owning up to 5 hectares of land will get income support of Rs 6,000 per year and unorganized sector employees will get Rs 3,000 per month pension. For FY19, government has revised the fiscal deficit target to 3.4 percent in FY 19. Fiscal deficit for 2019/20 estimated at 3.4 percent of GDP. Railway’s operating ratio seen 96.2% in FY19 Vs 95% FY20. Railway capex for FY20 set at record Rs 1.6 lakh crore. (Details in the link below)