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Interim Budget 2019: A fairly balanced budget where no one can be unhappy

From an economic standpoint, the broader question is as to how would the budget numbers add up in terms of ensuring that the deficit is contained at 3.4% in FY20?

Topics
Fiscal Deficit  |  Current Account Deficit  |  Gdp

Madan Sabnavis 

The Finance Minister has taken a fairly pro-people stance in the Interim Budget announced today. Two things stand out.

The first is the tax benefits for the middle class, which has been quite phenomenal as rarely does an Interim Budget give benefits in terms of increasing the exemption limit substantially as well as other add-ons in terms of standard deduction and tax emption on interest. Second, the thrust on the poorer sections through health insurance, pension, assured income (Rs 6000 per annum for 12 crore families) etc. is a big positive which if implemented well will help ...

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First Published: Fri, February 01 2019. 13:55 IST