A Prag­matic Bud­get

The Economic Times - - The Edit Page -

Fi­nance min­is­ter Arun Jait­ley has pre­sented a prag­matic Bud­get sans pop­ulist mea­sures. De­spite the flaws in the way the de­mon­eti­sa­tion ex­er­cise had been car­ried out and its ad­verse im­pact on small busi­nesses, no one can deny that the Bud­get paves the way for the emer­gence of an era of tax com­pli­ance. Mea­sures to boost tax com­pli­ance in­clude the one-page in­cometax form and halv­ing tax on in­come from .₹ 2.5 lakh to .₹ 5 laks. The 5% cut in the in­cometax rate for smaller com­pa­nies will give them a com­pet­i­tive edge. The at­tempt to bring trans­parency in po­lit­i­cal fund­ing is also wel­come.

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