It’s a pragmatic budget and not a popular one as many expected to focus on the key needs like agriculture, rural and the poor. Also, some of the senior citizen issues have been addressed. Healthcare has been given importance along with insurance sops.
Great to see that the corporate tax rates are cut down to 25% for business up to 250 crore. It would have been better if it was linked to net income rather than the gross income. Most IT partners will get benefitted with this measure. The Government could have given more thrust to Digital India, Make in India and Smart City initiatives with incentives for digital payments. The Re-introduction of LTCG without removing STT was a real disappointment.
Overall a good budget with money being spent judiciously where required.
@Technuter.com News Service