Our Budget: to be focused on common man, farmers and interest cut..

It is budget time also there is going to be series of assembly election soon hence this budget is important for UPA. Setting the agenda for the government, Congress chief Sonia Gandhi has asked it to focus on farm loans, women-related schemes and income tax slabs in the Budget.

Lets summarize news:
Sources rated the chances of a waiver, at least on the interest component, for defaulters among small and marginal farmers as a certainty. As reported by TOI on December 31, the package could cover bad and doubtful loans worth at least Rs 30,000 crore.

While the government was expected to push up the exemption limit to Rs 1.25 lakh from Rs 1.1 lakh at present, an upward revision in the tax slab was not being hotly pursued by the finance ministry.
An increase in the basic slab of 10% from Rs 1.5 lakh to Rs 2 lakh would cost the exchequer around Rs 5,000 crore and the tax department brass was not keen on foregoing easy money coming its way.

Apart from the plight of farmers, Sonia has also asked the government to focus on schemes aimed at empowering women. She had made this priority plain while on a visit to her constituency last week, and the preference for "gender justice" was repeated during the interactions with Singh. Sources said that among other things, the Integrated Child Development Scheme was likely to be strengthened.
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Src: Hindustan Times

Are they going in right way or their plans are barely motivated by those upcoming elections ?

Hmmm....interesting thought. Let's wait and watch !

good scheme