In the Union Budget 2018, there has been a clear effort to empower rural economy by providing support to agriculture and boosting infrastructure and social sectors. Reduced tax burden for senior citizens has been met with great cheer and is a good step. Populist demand of tax benefits to individual taxpayers has been given a miss this time but the Budget has paved way for considerable relaxation of conditions regarding tax incentives associated with new employment. This Budget is a perfect mix of pragmatism and populism on part of the Finance Minister who has tried to strike the right chords.
Given below are the key takeaways from the Union Budget 2018:
Budget is generous for:
Curb the benefits:
Backing to ICDS
So, this budget showcases a good balancing exercise put on by the Finance Minister to address past uncertainties and at the same time making sure that it has got something for the masses keeping in mind 2019 general elections.
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