DOES THIS BUD­GET PUT MORE MONEY IN THE HANDS OF THE COM­MON MAN?

India Today - - COVER STORY -

AD.K. JOSHI

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

ASHIMA GOYAL

Yes, ru­ral spend­ing and tax cuts for lower in­come brack­ets will do this

USHA THO­RAT

Yes, through ad­di­tional al­lo­ca­tion for MNREGA, lower in­come tax for slab up to Rs 5 lakh, schemes for ru­ral roads, hous­ing, etc

ADITI NAYAR

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

N.R. BHANUMURTHY

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

RA­JIV KU­MAR

Yes it does, by re­duc­ing in­come tax on in­comes up to Rs 5 lakh by 50 per cent

ASHOK GU­LATI

Yes, by low­er­ing taxes at the lower end, and fo­cus­ing on devel­op­ment ex­pen­di­ture

NAUSHAD FORBES

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

SAMIRAN CHAKRABORTY

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.

SUBIR HALDER

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