Monday, December 5, 2022

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Budget by Nirmala Sitharaman

A roadmap for Digital Bharat: Budget 2022

The aim is to bring socioeconomic and financial inclusion of every citizen of India. With these target, Modi government had set on in converting corporeal agrarian country to digital Bharat.

‘Expenditure Tax’ in place of Income Tax : Indeed a block-buster reform

The concept of Expenditure Tax instead of Income Tax will be useful in the sense that a person should be charged for the expenditure he is able to make and not from one's income which if saved in Bank is already under tax bracket. A person capable of spending more should be taxed more.

2022-23 Budget: Indeed a progressive and forward looking one

The only remarkable change in the current Budget is towards personal income tax structure which includes inclusion of new provision of one-time window to correct omissions and mistakes made while filing Income Tax Returns (ITRs).

A budget contrary to the goals of New Education Policy

Indian education system does not require a paradigm shift in its approach to make education more inclusive and accessible to all.

Pro-business features of budget

This Budget was the much-needed nudge for the businesses to take off. The budget 2021-2022 rest on 6 pillars.

Budget 2021- A welcome shift in policy perspective

The Budget shows a growth trajectory that will not be constrained by resources such as fiscal deficit, inflation, rating agencies

What Budget 2020-21 means to common citizen

If the heavy economic/financial jargon is set apart, in very simplistic terms the Budget 2020-21 presented by Union Finance Minister, Smt Nirmala Sitaraman in the parliament, was a liberal one.

This budget focuses on the respect and development of every Indian

This budget respects everyone from all sections of society from farmers, marginalized people to taxpayers. Importance is also given to climate and water conservation.

Will financial inclusion make India a 5 trillion economy?

While all sectors of the economy have to grow rapidly, the financial services sector has a key role to play to reach the mark. By stepping up its inclusive program that provides equal access to loans and other financial services to all sections of society, it can create a multiplier effect.

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