Rural housing scheme will benefit the rural areas, and thereby, generate more employment. Also, family health insurance scheme is a good step and major illnesses can be covered for an expense of up to Rs 5,00,000, which is a reasonable sum compared to the earlier amount of Rs 1,50,000.
And the worst?
I think middle-income group expected some kind of relaxation in the tax slabs. So, that’s a disappointment. Also, professionals, like artists, do not benefit much. Long-Term Capital Gains tax can also be a burden as savings will get affect.
Will the Budget fetch political gains for the Narendra Modi government?
The Budget looks quite rural and agro friendly. As there is just one year left before the national elections, it should benefit the government. The result of the Budget will also get sufficient time to be understood and absorbed.
Abhay Sopori, Santoor virtuoso