Budget by Nirmala Sitharaman
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.
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).
Indian education system does not require a paradigm shift in its approach to make education more inclusive and accessible to all.
The Budget shows a growth trajectory that will not be constrained by resources such as fiscal deficit, inflation, rating agencies
This budget respects everyone from all sections of society from farmers, marginalized people to taxpayers. Importance is also given to climate and water conservation.
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.