Here’re the critical hits and misses from the interim budget 2019
The BJP led National Democratic Alliance Government recently presented their interim budget, which happens to be the party’s last one before this year’s general elections. The interim budget aims at setting approvals in place to withdraw funds from the Consolidated Fund of India for meeting the government’s day-to-day functioning until the new government formed after the election presents the full budget. Due to the high unemployment, agrarian distress, and issues faced by small businesses, expectations were high. However, this was the interim budget, and there’s decidedly less that the government can offer when it comes to indirect taxes due to the enforcement of the GST. But the promises made during the budget did manage to bring a smile on some faces. The income tax rebate proposal The common man was expecting the government would announce a change in the tax exemption limit. People were speculating the Modi Government will raise the exemption limit to Rs 5 lakh. Bu...