Jaitley set to present India's national budge

In the meanwhile, the stock markets were all fired up, hoping for some positive outcomes from the budget to lift corporate fortunes, leading to the sensitive index (Sensex) of the Bombay Stock Exchange (BSE) jump some 225 points, or 0.75 percent.

The gain followed another rally Friay that saw the 30-share benchmark index gain zoom 474 points or 1.65 percent, based on the positive tone set by the Economic Survey, which predicted an 8-8.5 percent growth for the next fiscal and said double digit expansion was now within reach.

This will be Jaitley's second annual budget, with the first one tabled in the middle of the year after a major victory in the national elections for the Bharatiya Janata Party (BJP). In a way, the finance minister then had himself raised expectations from his second budget due Saturday.