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Budget 2020 is indeed a 'bold' Budget; you cannot fault Sitharaman here

If doing away with tax exemptions is not 'bold', what is? It has annoyed savers which is as good a definition of 'bold' as you will ever get. Structural reform is like that only

T C A Srinivasa-Raghavan 

T C A Srinivasa-Raghavan

Nirmala Sitharaman’s second Budget has produced the usual grumble that it’s not ‘bold’. But hard as I have tried, I have not been able to find out exactly what ‘bold’ means in this context. The usual point of reference is the 1991 Budget.

But when I read it again, there was nothing ‘bold’ about it. In fact, 90 per cent of it was the opposite of bold and extremely deflationary. The only ‘bold’ Budget, if you restrict yourself to tax rates, was the 1997 one when P Chidambaram sharply reduced income-tax rates for everyone. Before ...

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First Published: Wed, February 05 2020. 13:13 IST
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