Finance Minister Nirmala Sitharaman will present the first budget of the second term of Prime Minister Narendra Modi’s government. It will also be the first budget for Ms Sitharaman, India’s first full-time woman finance minister. She will present the full-year budget for the year ending March 2020. The Budget speech will begin at 11:00 am today with Ms Sitharaman beginning it with an address to the speaker of Lok Sabha. Usually the duration of the presentation ranges from 90 to 120 minutes. The budget is widely expected to boost spending and provide tax relief in the much-anticipated Union Budget. Before she presents the Budget, Ms Sitharaman briefed President Ram Nath Kovind. She did not pose with the iconic briefcase, like her predecessors. In a departure from tradition, she was seen holding a red folder enclosed with a string and emblazoned with the Ashoka symbol, which was described by officials as the “bahi khata“.