Best and worst deals in the Budget

When the 2020 budget was announced, Finance Minister Nirmala Sitharaman was criticized for not doing enough to boost growth. However, a closer look at the budget reveals some surprises.

Let's start with the good news. The government has increased the allocation for rural roads to Rs 1.97 lakh crore, a 34% increase over the previous year. This is a welcome move, as it will help improve connectivity in rural areas and boost economic activity.

Another positive is the increase in tax exemption limit for income up to Rs 5 lakh. This will benefit middle-class taxpayers who were facing a tax burden.

However, the budget has also been criticized for not doing enough to tackle the country's fiscal deficit. The government has increased the fiscal deficit target to 3.8% of GDP, which is still higher than the recommended level of 3%.

On the negative side, the government has increased the tax rate for individuals earning above Rs 2.5 crore to 37%. This will impact a small but influential group of taxpayers.

Another area of concern is the increase in customs duty on a range of goods, including solar panels and chargers. This could lead to higher prices for consumers and negatively impact the economy.

Lastly, the budget has been criticized for not doing enough to boost spending on social welfare schemes. The government has increased the allocation for these schemes, but it's not enough to make a significant impact.

Best deals in the Budget:

Increased allocation for rural roads to Rs 1.97 lakh crore
Increased tax exemption limit for income up to Rs 5 lakh
Increased allocation for social welfare schemes

Worst deals in the Budget:

Increased tax rate for individuals earning above Rs 2.5 crore to 37%
Increased customs duty on solar panels and chargers
Increased fiscal deficit target to 3.8% of GDP

"This budget is a step in the right direction, but it needs to do more to boost growth." Nirmala Sitharaman, Finance Minister

Resumen:

El presupuesto del 2020 de la India ha sido recibido con una mezcla de críticas y alabanzas. Aunque algunos analistas han criticado al gobierno por no hacer lo suficiente para estimular el crecimiento, otros han destacado algunas sorpresas positivas en el presupuesto. Entre las mejores noticias se encuentran una mayor asignación para carreteras rurales y una mayor exención fiscal para ingresos por hasta 5 lakh de rupias. Sin embargo, también hay algunas malas noticias, como una mayor tasa de impuestos para individuos que ganan más de 2.5 crores de rupias y una mayor carga fiscal para el país.

CHOICE — 2025-11-24