Does this budget have a vision?: Ravi Dawar

India Infoline News Service | Mumbai |

Excise duty cuts on consumer goods like TVs, footwear etc. will spur consumer demand and hence economic activity.

The budget does appear to have a long term vision, through its special focus on upliftment of poor by providing better facilities, including Health, Sanitation, Driking water, Power and Housing etc. Further, there is focus on infrastructure by promising more ports, airports, highways and cheaper loans for infrastructure, is very welcoming and will definitely help reboot the economy. Excise duty cuts on consumer goods like TVs, footwear etc. will spur consumer demand and hence economic activity. 
 
Further, it is aiming to bring in stability and certainty under the taxation regime and restore investor confidence. This is supported by launch of  non adversial measures for dispute resolution at various forums. Also it not considering to introduce any retrospective amendment and to improvise on the past retrospective action during its tenure by forming a committee under realm of CBDT will boost investor confidence. Although no conclusive announcement on doing away with retrospective tax laws is a disappointment.

The author is Director- Finance, BD India
 

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