What is the best thing about the Budget?
There have been no additional taxes imposed except for Long Term Capital Gains Tax. This was expected and with the booming stock exchange LTCG will be absorbed quite painlessly.
And the worst?
There has been no substantial reduction announced in taxes on petrol and diesel. High fuel prices are a burden on the common man as it affects not only his cost of commuting but also commodity costs due to increas in transportation cost. We have a very high fuel cost as compared to our per capita income.
Will the Budget fetch political gains for the Narendra Modi government?
The budget will benefit the NDA as the rural economy should pick up. It’s a populist budget and if the monsoon is above normal in 2018, the Narendra Modi Government should sail through in the next election.
Papa CJ, Comic