Image: ShutterstockThis time, Budget was much awaited, since Finance Minister had to do a tight ropewalk by balancing between expectations of masses to deliver achhe din and slipping fiscal deficit, in view of unstable GST collections.
In the Budget, there has been a clear thrust on empowering rural economy by supporting agriculture and boosting infrastructure, social sectors. Reduced tax burden for senior citizens has been a matter of cheer. Populist demand of tax benefits to individual taxpayers has been given a miss. Seems, like that fund may have been used for offering tax rate reduction to the SME sector, which could help generate employment. Conditions regarding tax incentives associated with new empl…
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