On February 1, Finance Minister Nirmala Sitharaman will present the Union Budget 2020-21. As usual, there are intense speculations and expectations over the nature of the budget. Some expect it to be more of the same, wherein the government would announce “grandiose schemes” without actually spelling out where it would find the money to fund them. Others think it would be “please-all, populist” budget with a cut in personal income tax rates and sops to farmers. And yet others expect “big-ticket reforms” that may help the economy in the long run. But one thing they all agree is that the finance minister has a tough task at hand.