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Tuesday, March 3, 2015

Union Budget 2015

 Honourable Finance Minister Mr. Jaitley has nailed it, when it comes to economic growth, by channeling a larger share of funds to infrastructure, reducing the corporate tax by 5% and discouraging illegal foreign assets. Though the social security for the poor seems to be strengthened, he could have done some more good to the middle class by touching the personal income tax slab. This could have spurred the economic growth even better by promoting spending among middle class, there by pushing the growth further.. He could have compensated the revenue loss through the increased service tax.
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