DOES THIS BUDGET PUT MORE MONEY IN THE HANDS OF THE COMMON MAN?
Yes, by doing the following: relief to small taxpayers puts more money in their hands; and the focus on construction (roads, lowcost housing) will generate jobs, support consumption
Yes, rural spending and tax cuts for lower income brackets will do this
Yes, through additional allocation for MNREGA, lower income tax for slab up to Rs 5 lakh, schemes for rural roads, housing, etc
The cut in the personal income tax rate from 10 to 5 per cent in the lowest slab will increase disposable income to some extent
In addition to increased allocation on various schemes implemented through DBT [direct benefit transfer], if the budget proposals could create more jobs, the common man would have more money
Yes it does, by reducing income tax on incomes up to Rs 5 lakh by 50 per cent
Yes, by lowering taxes at the lower end, and focusing on development expenditure
The income tax rate has been reduced quite significantly for the lowest tax slab. The reduction in the corporate tax rate for the SME sector will also help small business owners
About 20 million people will get a small increase because of lower tax and 150,000 people will pay a higher tax. It is more money but might not be a very large amount. The net effect is a consumption stimulus of approximately Rs 12,000 crore—less than 0.1 per cent of GDP.