The mountain labored and gave a mouse. Expectations from the BJP government’s previous budget were sky-high. Notwithstanding its interim nature — a tradition usually warrants only a vote-on-account, a modest rollover of expenditures to see the government through for the few months until a new one is selected and presents its own budget — the media build-up
Overstatement of revenue and understatement of expenditure is a constant problem with Indian budgets… The interim budget once more proves that the agricultural schemes announced are just a part of any government’s political arithmetic ahead of the Lok Sabha elections. We saw how the guarantee of farm loan waivers worked out in the recent assembly
The relief in income tax effectively strengthens the great Indian middle class whose expansion of purchasing power holds the key for India’s future. The Interim Budget bestowed by Shri Piyush Goyal today marks a high point in the policy directions that the Government directed by PM Shri Narendra Modi has given to this nation. Interim
If your taxable income is over Rs 5 lakh, the rebate will not apply. An expansion in the income tax slab rates was one of the big expectations of the interim budget. Towards the conclusion of his speech, acting finance minister Piyush Goyal preferably announced a rebate for people with taxable income below Rs 5
