New Delhi: An eight week long budget session of Parliament is expected to begin from July 7 and is scheduled to last till August 25. This would be the first full-fledged session of the Modi government and would witness the presentation of the Union rail budget on July 9 and the general budget on July 11. After the brief first session of Parliament in the second week of June that saw the president’s address to a joint session of the two houses unveil the roadmap of the Modi government, this session would fill in the details through these budgets and the discussions that are likely to follow during the course of the session. There have been hints that the rail budget will administer a bitter dose in terms of an across the board hike in the passenger and freight tariffs, whereas the general budget would be a mixed bag of sops and some tough medicines. Much to the relief of the salary earning middle classes, the income tax exemption limit is likely to be raised.

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