Budget should focus on fiscal firm up

Govt must refrain from any surprises like retro on tax front

The government might be busy advancing the date of Budget, but economists and businessmen have some words of wisdom to give to North Block on its priorities.

At the India Economic Summit, Harvard professor of economics Gita Gopinath said the Budget should focus on fiscal discipline and not surprise with taxes such as the one that came through a retrospective amendment to the Income-Tax Act.
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“A good Budget is one which signals fiscal discipline, transparency and continuity,” she said.

Pawan Munjal, chairman of Hero MotoCorp, said he’d