It was one of the toughest times in history to announce a budget, writes Harsh Goenka.
Budget is good but not good enough to live up to the FM's promise of getting rid of "socialist baggage"
The finance minister must be appreciated for resisting the temptation to increase taxes
The government shows its intent to continue with reforms
There are several welcome standalone reforms but these do not add up to a coherent strategy to achieve a $5 trillion economy
Sitharaman walked into the House several minutes before 11 am and placed the tablet on the podium
The Budget will give a massive push to the economy and empower the people, says CM Adityanath
The expenditure for total rural development schemes declined from Rs 2.16 trillion in FY21 to Rs 1.95 trillion in FY22.
What sort of grand policy produces the opposite result of the one that it sought to achieve? What failed and how would this be corrected?
The middle class has widely supported the BJP since 2014, with it winning convincingly in metro cities in both 2014 and 2019
There is yet no clarity on how this fund will be raised, how much states will contribute, and how much the new vaccines will cost
With grants, the transfer is roughly 50-50 of divisible tax pool between Centre, states; N K Singh says Commission worked without any bias
Allocation jumps 118% over RE to Rs 2.23 trillion; Rs 35,000 cr earmarked for Covid vaccination
The onus was on the government to do the heavy lifting for reviving the investment cycle as a broad-based recovery in private capex is not yet in sight
Small savings, which will chip in a record Rs 4.8 trillion, breathe life into stimulus
At 15.9%, capex share in total spend for FY22 will be the highest in over a decade
There has been less fudging with the revised estimates (RE) of 2020-21.
The Budget has also laid the road map for overhauling public sector enterprises with the announcement of the broad details of the privatisation policy
So, if a person moves to India and becomes a resident Indian for tax purposes, they get taxed on any income they earn in these accounts
The upper limit is capped at Rs 45 lakh for claiming this deduction.