Union Budget 2019

Giveaway misgivings

That it also gave them optional tax structures to choose from; going with existing tax rates with payment of a minimum alternate tax (MAT) or a lower corporate tax, may be particularly pleasing for capital-intensive companies.

An economic vision

The obsessive security associated with Budget preparation, where dozens of Finance Ministry officials are sequestered in North Block days ahead of the presentation, has a huge downside in that there is no informed discussion on the proposed budgetary provisions. Unfortunately, budget proposals are finalised in the rarefied atmosphere of North Block, far removed from the persons and places for whose benefit the whole exercise is undertaken.