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  • Category: Miscellaneous

    Niti Ayog says that 2018 budget wont be populist ?

    When the Union budget is hardly a month away, the expectations from the people are high from our Finance Minister Arun Jaitely. Being last full budget for this NDA government headed by PM Modi, there are greater expectations from even Industries and agriculture sector. But NITI Aayog Vice Chairman Rajiv Kumar said the Union Budget 2018-19 would not be a populist budget, contrary to what many believe. So what may be in store for us. Any wild guesses from our far sighted esteemed members of this great site ?
  • #622390
    We don't know. The income tax slabs may not be changed. The tax on some items may increase. There may be a reduction in subsidies. There may be certain areas they charge heavily so that the government will be rich. Anything such sort may come. I wish they should not increase GST on essential commodities and daily requirements. They should keep the welfare of the middle-class people and the taxing should be in such a way that the person will never feel bad for paying tax. The real estate business is to be further tightened to keep a check on the increase of land rates without any limit. Like many other countries, the petrol and diesel rates should be brought down by decreasing the taxes on those products. Important thing Modi has to bring in the budget is no pension to MPs and MLAs for serving the nation for just 5 or 10 years. It should be like the pension to other employees may be 50% on the basic. If he can propose completely removing this pension system to MPs and MLAs nothing like it.
    always confident

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