With eight state elections scheduled to be held this year, and the general elections due soon after, it would have been surprising if the Narendra Modi government had not presented a Budget that was aimed at the bottom of the economic pyramid, as it were.
Finance Minister Arun Jaitley has not disappointed – his entire emphasis has been on the rural sector and the poor, with a few tweaks to the salaried, income-tax paying classes almost as an afterthought. As for the corporate sector, it cannot possibly be delighted at Jaitley’s proposals, simply because there was nothing in them to

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