(CNBC)
Union Finance Minister Nirmala Sitharaman has reached Parliament after meeting President Ram Nath Kovind. She is set to set to present her fourth Budget today — February 1 — for the financial year 2022-23 amid an ongoing third wave of omicron-led coronavirus and volatile stock markets as inflation worries weigh on the sentiment. The Union Budget or the Annual Financial Statement as specified in the Article 112 of the Indian Constitution will be presented in Parliament at 11 am. and the Finance Minister’s Budget speech is likely to range from 90 minutes to 120 minutes. The salaried class expects Sitharaman to provide some income tax relief in Union Budget 2022, particularly in relation to standard deduction, health insurance and home loan interest rebates.
