Some Expectations from Budget 2008

This year is election year and the last budget this Government would be presenting. What this budget would present to a common man?

Before guess-estimating lets have look on various ruling factors:

1.    The Ruling Congress would be in minority in Rajya Sabha in April because of expiry of term of some members.
2.    Congress has lost most of the state and Bye elections.
3.    US recession and its likely impact on Indian markets.
4.    Rise in value of rupee hitting Indian exports