2 cents on central budget
This one will be very un-hinged 1. The government is very aware of who their potential voters are and they are not willing to slap taxes on them. 2. Never seen a finance minister openly stating about special allocation of funds to particular states which is their alliance. This is a mistake usually FM announces special projects and other schemes for their alliance states. Indian budget and sentiment deeply affected. 3. Indian is in the right direction of development but in the wrong way. Indian taxation is on the right set of people but the demographic dividend can be better utilised in terms of taxation. For example increasing the GST to increase indirect tax people would be happy because it would be based on the consumption of the people. But Already the govt is concerned about reducing consumption so who is left salaried people and investors and traders. 4. Modi itself is not happy with what's happening right now but he has to accept the fact he is in a difficult position to do something. 5. Going further lot of individuals will commit tax frauds in their own way. Black money economy will thrive again why because there is threshold of taxes individuals can bare when you cross their patience black money economy thrives
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