The FM announced income tax relief for middle-class households to the tune of $12 billion (0.3 per cent of GDP), which is expected to give a significant boost to urban consumption and savings
The budget underscores the government's belief that infrastructure is the bedrock of sustained growth
The Finance Minister has also been cognizant of the need to undertake regulatory reforms that are needed to ensure that the economy does not get bogged down and steams ahead
It would have been better had the government gone in for across-the-board Customs duty rationalisation instead of picking and choosing sectors across the board
Anticipating US action on tariffs, India seems to have made the first move by revamping its tariff structure by reducing the slabs to eight rates
By providing an effective tax cut of Rs 1 trillion to the middle class, the FM will improve consumer confidence and boost consumption
This was an opportune moment to get rid of the old tax system entirely and move fully to the new one. A broad-based, low-rated, and less differentiated tax structure is the need of the hour
Those of us who were so excited by that flurry of reforms and hailed it as a true and virtuous example of not wasting a crisis are now chastened
The regret about this Budget is that it once again shies away from renewing its commitment to strategic disinvestment
A Nabard survey shows a sharp rise in the share of agricultural households in the rural sector with the numbers shooting up from 48 per cent in 2016-17 to 56.7 per cent in 2021-22
We need to be strategic to husband our policy reform resources, devoting energy to a few important areas that will materially impact the investment environment for private persons
While public capex has been retained at its elevated level, it appears that the finance ministry believes that without a more direct push to household demand, growth will subside to unacceptable level
The focus on promoting medical tourism under the "Heal in India" initiative is a noteworthy development to position the country as a global destination for medical care
For India to grow rapidly it needs to create more jobs and opportunities for the youth
AI is no longer a futuristic concept - it is an economic multiplier
The reduction in TDS rates and rationalisation of TCS provisions are welcome steps
Digital healthcare gets a major push, with broadband connectivity planned for all primary healthcare centres (PHCs) and rural schools
As expected, the Revised Estimate of the fiscal deficit for the current financial year was pegged at 4.8 per cent of the gross domestic product (GDP)
The enhancement of the credit guarantee cover for MSMEs from Rs 5 crore to Rs 10 crore should make more credit available to these units, which are significant employment generators
Increased global temperatures will exacerbate the frequency and severity of climate change impacts and the consequent losses