Finance Minister Nirmala Sitharaman slashes income tax rates and changed slabs to lower taxes for those earning up to Rs 15 lakh a year; The stock markets suffered sharp losses following the Budget announcements; The government brought its fiscal deficit target lower to 3.8 per cent this fiscal year (revised estimate); The government allocates Rs 2.83 lakh crore for agriculture and allied activities, up 5.6 per cent compared with the previous year.
