New Delhi, July 5: The Union Budget 2019-2020 will be presented by the Modi government in Parliament today. Union Finance Minister Nirmala Sitharaman will deliver her maiden budgetary speech in Parliament and table the Union Budget 2019-20. DD networks and PIB will host live streaming of the Union Budget presentation on their YouTube channels. The live streaming of Nirmala Sitharaman's budgetary speech can also be watched on the official website of Lok Sabha. Catch live news updates on the Union Budget 2019-20 here.

Sitharaman is India's first full-time woman finance minister. Expectations are high as Prime Minister Narendra Modi led Bharatiya Janata Party (BJP) has returned to power with a bigger mandate after the Lok Sabha elections. All eyes will be on the government's allocations and plans for the agriculture sector. Besides, Sitharaman expected to boost spending and provide tax relief in the Union Budget 2019. Income Tax Slabs 2018-19: A Look At How Your Annual Income is Taxed Currently Ahead of Union Budget 2019-20.

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In the Interim Budget 2019, then finance minister Piyush Goyal had announced PM Kisan scheme or the Pradhan Mantri Kisan Samman Nidhi Yojana (PM KISAN) with an aim to provide direct income support to farmers. The next step would be to ensure that PM Kisan reaches all the targeted beneficiaries. India's GDP or gross domestic product growth slipped to 5.8 per cent in the March quarter - the slowest pace in 20 quarters. Sitharaman is expected to come up with a Budget which can boost economic growth. Budget 2019-20: FM Nirmala Sitharaman Holds Pre-Budget Meeting With Finance Ministers of All States.

On February 1, Goyal had presented the interim Budget and announced a full tax rebate for individuals earning up to Rs 5 lakh annually. Goyal, however, left income tax slabs and rates for the FY 2019-20 untouched. There is a huge expectation from the new Finance Minister of an increase in the basic income tax exemption limit from existing Rs 2.50 lakh to Rs 5 lakh. Sitharaman could also lower corporate taxes for small and medium-sized businesses.

(The above story first appeared on LatestLY on Jul 05, 2019 10:00 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).