The government on Friday reduced taxes for the middle class

It is the last chance for the ruling BJP to cover its bases after it lost three major states

The government on Friday reduced taxes for the middle class and pledged a Rs. 75,000 crore assured income scheme for small farmers in the last budget before it seeks re-election in May.

“The interim budget is a trailer for what will take India towards prosperity after the Lok Sabha polls,” said Prime Minister Narendra Modi after Minister Piyush Goyal made a slew of big ticket announcements in parliament.

Heading into the national election, the government has been facing farmer anger and doubts over job creation.

Farm distress was among the factors seen to cost the ruling BJP the heartland states of Madhya Pradesh, Rajasthan and Chhattisgarh in polls in December.

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