in the country is waiting for the first budget by the new government and there are widespread anticipation on the budget. The rail budget 2014-15 is to be presented on 8 June and the Union budget will be presented on 10 June.
In the new rail budget, the railways is going to focus on the safety of passengers and is likely to install X-Ray systems along the tracks to detect the flaws in the train. Besides this, Railways will expedite installation of CCTV, X-ray machines for baggage clearances and other gadgets which are part of the Integrated Security System at all sensitive stations, as reported by Economic Times.
In the general budget, to be presented by the Finance minister Arun Jaitley, BJP will have to balance the steps aimed at meeting the expectations of the people who voted them and some of the expected tough decisions to boost the economy of the country and to bring it back on track.
It is expected that, the Finance Minister will hike the tax exemption limit, which would provide much needed relief to the salary earners who are reeling under the impact of high inflation.