Union Budget 2023: Middle-class thrust that largely sidelines the poor

Most of the schemes announced are designed for those who have reasonable accumulated income or savings and not for a large majority of the people in the informal sector, who simply don't have that

Vision of A Pension Plan for Unorganised Workers

The Finance Minister has decided to shrug off political hesitation by offering windfall gains via changes in the income tax regime and interest earnings on middle-term investments. In the process she had given the market a sudden buoyancy, the long-term implications of which need to be worked out in detail. The concessions granted would result in a revision in projected budgetary deficits, impacting on the rate of inflation and long-term infrastructure investment, while there are apprehensions that measures to promote corporate investment may not be able to halt the kind of premature deindustrialisation