However, the highly anticipated change in income tax slab was not introduced by finance minister.
Arun Jaitley listed 'nine pillars' including tax reforms, promoting ease of doing business and ensuring fiscal discipline, that will transform India.
Unveiling the Budget 2016-17, he said the pillars also include emphasis on governance reforms. The government, Jaitley said, will also focus on infrastructure investment, financial sector reforms, fiscal discipline and tax reforms to reduce compliance burden.
Here is how people reacted over social media:
So I applaud the focus on farmers from the start. And particularly, not just on handouts but on rural infrastructure,irrigation,insurance
So I applaud the focus on farmers from the start. And particularly, not just on handouts but on rural infrastructure,irrigation,insurance— anand mahindra (@anandmahindra) February 29, 2016
Yo! Makes the names of these schemes more friendly. It's frustrating to hear really long, insert name of national leader, yojana #Budget2016— Priya Ravichandran (@binaryfootprint) February 29, 2016