This will be done by clubbing the shareholding of state-run banks, financial institutions like LIC and other PSUs, she said.
While the middle-class got tax breaks, particularly on housing loans which as a sum of parts stretched to Rs 7 lakh over 15 years, the axe, however, fell on the super-rich.
When a government puts norms and convention to the winds and begins preaching on ‘Vision 2030’ in what is effectively a four-month Interim Budget, then you know its direction.
Government will spend Rs 7627 crore per day. But it earns only Rs 5418.33 crore per day. So, it will borrow Rs 1928.76 crore per day...
Farmers, as well as companies with exposure to rural India and middle-class taxpayers, seem to be the clear winners here at the expense of the country’s fiscal deficit.
Finance Minister Piyush Goyal in the last Budget by the Modi government has announced tax exemption limit up to Rs 5 lakh. This was but one of the many sops in a please-all budget.