The budget focuses on the next few years and not the elections

The thrust of the Budget has been in infrastructure modernisation, says U R Bhat.

The government has done a fantastic job of managing growth and providing the money for capex in the Budget 2022 proposals. They have raised more resources than what was expected. The government’s fiscal management in these two years of the Covid pandemic has been phenomenal.

The thrust of the Budget has been in infrastructure modernisation. All this will have a multiplier effect on job creation and economic growth. That said, another good thing is that the tweak(s) in the tax rates have been minimal. Even the long-term capital gains tax across asset classes has been capped at 15 per