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*MarketConnected Global Updates:* “Topic in Trend” – Budget Series Part 1- Budget 2017-18 & its Expectations. Before we start with the discussion on Union Budget let us understand its meaning first. Budget is a financial statement presenting the government’s proposed revenues and spending for a financial year. **Budget explains: --Financial performance of the government over the past one year. --About the financial programmes & policies of the government for the next one year. --How the standard of living will be affected by the financial policies of the government in the next one year. Now we will discuss what FY18 Budget expected to deliver: -As per the market sentiments the government is expected to provide some relief to individual/corporate tax payers and announce an exclusive scheme for the poor. There may be increase in the income tax slab and deduction under Sec 80C. Also reintroduction of Tax-free or Long-term infra bonds will boost investments. -Since Govt has promis...