Railways will need Rs 50 lakh crore between 2018 to 2030 to complete the sanctioned projects, Sitharaman said.

In Budget presented on Friday, government lowered the fiscal deficit target to 3.3 pc of the GDP for 2019-20.

Following increase in surcharge, effective income tax rate for individuals with income of Rs 2-5 crore will go up to 39 pc.

Analysts said that now that the much-awaited Budget is over, focus will shift to first quarter earnings starting mid-July.

FICCI felt there was little done to address the economic slowdown while health and education did not get the required filip.

Finance Minister Nirmala Sitharaman in the Budget for 2019-20 proposed easing KYC norms for foreign portfolio investors.

Many, however, rued that real estate sector was not given 'industry' status and no stress fund got created for stalled projects.

Sitharaman said it was the right time to consider increasing minimum public shareholding from 25 pc to 35 pc.

Infrastructure financing needs have been estimated at around Rs 20 lakh crore a year, said Nirmala Sitharaman.

The current customs duty on stainless steel products is 5 per cent.