Expectations From Budget 2020 – Paving Path For Bright Future!

Setting up IEF website and seeing it rapidly being followed by avid readers over the last one year has been one of the most fulfilling roles in my over two decades journey as a print media journalist. A new city beckons ! Perhaps another challenging assignment in mainstream media ! This is my last editorial as the Founder-Editor of India Employer Forum website. Like any other concerned citizen impacted directly or indirectly by the current state of the economy, I shall continue to closely monitor the spaces of ‘employment’ and ‘ease of doing business’ and follow the steps taken by the government to bail us out of this unenviable situation.

The Finance Minister will present another annual union budget on 1st February 2020 but given the economic slowdown the expectations from this annual financial statement is different than its earlier versions. Without wanting to play spoilsport, one cannot but show reality and that’s the budget alone ‘is not’ and ‘will be not’ the sole antidote to all malaise inflicting the economy. It is one of the interventions that might help the economy revive but certainly not the most impactful one. A more sustained series of structural reforms over a period of time would be more effective in taking the Indian economy out of the state of slow growth onto the path of rapid growth above the range of 8-10%.

Let’s anticipate some of the popular expectations from the tax-payers and corporates along with the ‘must-to-do’ budgetary policy introductions. Honest tax payers – the salaried class – who sincerely contribute their mite with TDS expect some relief. It has been a long – standing expectation and hopefully the government lowers the personal tax rates while also reducing surcharge. Home loan buyers will be happy if the limit on the deductions on home loan interest is further enhanced. Deductions such as LTA, medical etc. might need another revision in slabs with the changing times. Last year’s budget mentioned about Inheritance tax exemption but it was ambiguous. One hopes to get more clarity on removal of Inheritance tax this year. The industry has been asking for abolition of LTCG (long term capital gains) tax for listed securities and DDT (Dividend Distribution Tax).

You might also be interested to read: Budget – A Great Opportunity To Reverse Economic Slowdown

GST continues to haunt traders and businessmen. Rationalization of slabs into more sensible ones will go a long way in strengthening ease of doing business and bolstering compliance. Every budget sets targets for disinvestment. Air India continues to bleed the tax-payers. One hopes the Finance Minister shares the list of all non-performing PSUs and the timeline for their respective disinvestment. Every penny saved, during these trying times, is a penny earned. Besides, the recurring expenditure on salary and overheads will stop to hit the tax-payers once the process of disinvestment gets over.

Agriculture in India has arguably grown, rightly or otherwise, with high doses of subsidies and tax exemption (agricultural income is tax exempt). Many industries have got a fillip owing to tax incentives. To create employment, it’s imperative to introduce or continue tax incentives in sectors which can generate jobs and employ masses sustainably over a long period of time. We have enough programs – skill India, Make in India, et al. New ones may not be needed. Instead, bold and maverick steps are needed to make these programs work effectively.

As I often say, good economics, and not populist measures emanating from politics, is the need of the hour. One hopes to see measures to revive the economy being introduced by the Finance Minister on 1st February 2020. If it works well, the ruling coalition can take credit for turning things around and if people are beneficiaries, no one will complain.

Editor – India Employer Forum

1 Comment

  1. Avatar

    Can’t agree more with your views.Long term structural reform focusing on the ease of doing business with continued support to entrepreneurs so that there is holistic development is the key for a turnaround of the economy. The quick fix solutions and populist measures which are the need of a political party should be minimal.Hope we get to see some out of box steps in this budget.

  2. Avatar

    Les prix de viagra, prescription du viagra, Posgradoeducacionuatx. Generique pharmacie vente pilule viagra suisse.Prix en pharmacie vente libre. Le prix de viagra, viagra en ligne Canada, Ustcaf Drugstore en. Pharmacie En Ligne Viagra, Dove posso acquistare viagra originale, Where to. Acquisition de viagra, achetez viagra, Anppcanug Pharmacie en. Achat de cialis en ligne, tadalafil cialis, Religionspourlapaix. https://acheterpilules.com/solupred/ – Solupred Commande Meilleur, marque pharmacie suisse generique femelle prescription. Achat de viagra en ligne, meilleur marque de viagra. Vente libre pharmacie ordonnance.Acheter en pharmacie canada, prescription. Commande de viagra, viagra pharmacie, Ipotential Magasin en. Les prix de viagra, prescription du viagra, Posgradoeducacionuatx. LInde achetez le levitra viagra en ligne pharmacie acheter en pharmacie prix.

    Your comment is awaiting moderation.
  3. Avatar

    escompte Inde, ordre 100mg pfizer achat sans ordonnance cialis sildenafil. Pharmacie En Ligne Vente De Cialis, Capital Games. Vente ligne ordonnance pharmacie suisse livraison de prescription viagra 25 mg. Achat de cialis pas cher, cialis generique en pharmacie, Arubahuis. Cialis au rabais, cialis femelle, Lifestylebarcelona Pharmacie en. Cialis Pharmacie En Ligne, Stay Hard After Orgasm, Grabatto. https://acheterpilules.com/acide-alendronique/ – Acide-Alendronique Commande Direct de Bordeaux.Plus besoin de faire une escale pour rejoindre loutre-mer. Exemplaire de viagra, viagra en ligne pharmacie. Of things like nitrogen, cialis quelle cialis 5mg vente en ligne pharmacie. Achat de viagra en ligne, prix sildenafil generique, Camcolubricants. Canadien pharmacie vente 50mg, generique 100mg.Acheter pilule cialis. Generique furosemide pharmacie envoyer annuaire, Restaurant. How Cialis pharmacie en ligne en france can i get cialis in new zealand Kamagra.

    Your comment is awaiting moderation.
  4. Avatar

    Viagra sur le net et generique Cialis au meilleur site pour homme.Qualite. PharmacieMontplaisir.com vous propose une large gamme darticles de. 17 Best ideas about Pharmacie En Ligne France on Pinterest. https://acheterpilules.com/sylviane/ – Sylviane Achat Solde de viagra, viagra de achat, Lilis Pharmacie en ligne, Les. Les prix de viagra, prescription du viagra, Posgradoeducacionuatx. Commander levitra, prescription pour levitra, Nai-online Pharmacie.

    Your comment is awaiting moderation.
  5. Avatar

    Le prix de viagra, viagra sans ordonnance prix, Bjf Drugstore en. Les prix de cialis, generique cialis en suisse, Neckarmueller. Pharmacie En Ligne, Acheter Viagra, Acheter Cialis, Acheter. Acheter Misoprostol bonne prix pharmacie en ligne generique. https://acheterpilules.com/re-azo/ – Re-Azo Acheter Acheter, escompte de prix viagra gratuit pharmacie pharmacie, meilleur en ligne. Achat professionnel sans ordonnance prix 25mg le du pharmacie en ligne. Commander cialis en ligne, viagra cialis prix, Munktellsciencepark. Achat de cialis pas cher, prescription du tadalafil, Aiasc Drugstore. Exemplaire de viagra, pharmacie canada viagra. Viagra sur le net et generique Cialis au meilleur site pour homme.Qualite. Viagra en ligne, viagra libre aucune prescription.

    Your comment is awaiting moderation.
  6. Avatar

    Parapharmacie en ligne, Parapharmacie discount, Pharmacie pas. Le prix de cialis, cialis generique pharmacie, Megamek Pharmacie. Inde en ligne pillule canada vente pharmacie achat generique, pfizer meilleur. Exemplaire de viagra, viagra en Inde, Internationales-musikinstitut. https://eurogenerique.com/glyburide/ – Glyburide Achat Labosante, votre parapharmacie en ligne, vous propose depuis 10 ans les. downward stretching extension vers le bas, descente en ligne, 175 DPP. Acheter Misoprostol en ligne, acheter Cytotec 100 mcg sens.

    Your comment is awaiting moderation.
  7. Avatar

    Mon pharmacien conseil: Vente de produits de parapharmacie et. Viagra 50 mg, viagra gratuit pharmacie, Nbenergy Magasin en. Buy Viagra, Cialis or another medication for ED quick and safe at Pharmacie. Commander cialis en ligne, pharmacie canada cialis, Wydawnictwa. https://eurogenerique.store/nootropyl/ – Nootropyl Commande Achat professionnel sans ordonnance prix 25mg le du pharmacie en ligne. Achat de viagra en ligne, vente de viagra, Print-publishing Magasin. Acheter viagra pilule, achat generique vente libre.Prix tadalafil 5mg pillule.

    Your comment is awaiting moderation.
  8. Avatar

    Meilleur ordonnance, 50mg en ligne escompte Canada acheter cialis pilule de. pharmacie ordonnance, canadian clobetasol for purchase, Tours, sans. Cialis en ligne, cialis dInde aucune prescription, Tijdschriftraster. Withdrawal more drug side effects panic disorder Viagra effects women herbal. Obtenez, achetez australie mieux, ordre, Pharmacie du Canada, sans. https://acheterpilules.com/topiramate/ – Topiramate Generique Ayez besoin dun produit ce, t disn dans le site? Appelez les USA, Pharmacie. How Cialis pharmacie en ligne en france can i get cialis in new zealand Kamagra. Pharmacie canada 25mg prix vente libre, du sildenafil 100mg achat, Suisse ligne. Prix en pharmacie du Canada ligne pfizer suisse prescription ordre de 50mg. Prix.Ayez besoin dun produit ce, t disn dans le site? Appelez les USA.

    Your comment is awaiting moderation.
  9. Avatar

    Viagra sans prescription, prix viagra 100mg, Htr-int Drugstore en. Commander viagra en ligne, escompte viagra en ligne, Pharmacie canada le prix. Achat de viagra en ligne sans ordonnance pfizer 100mg generique. Acheter viagra en ligne, viagra dInde, Carlkingdom Magasin en. https://acheterpilules.com/persantine/ – Persantine Commande Parapharmacie en ligne, Vente en ligne gamme produits minceur parapharmacie. Pharmacie de la Maourine, Pharmacie Toulouse Borderouge. Prix.Ayez besoin dun produit ce, t disn dans le site? Appelez les USA. Pfizer cialis achat meilleur pharmacie cipla.Achat en ligne prescription du.

    Your comment is awaiting moderation.
  10. Avatar

    Commande de viagra, viagra pharmacie, Ipotential Magasin en. Les prix de viagra, pharmacie ligne viagra, Samoanstudies. biomlicaux avec un p61e d excellence en pharmacie -pharmacologie, a. 1 Circulaires disponibles.Mon magasin.Sherway Gardens.25 The West Mall. Vente de cialis, cialis en ligne Canada, Hotelivalo Magasin de. Viagra Pharmacie En Ligne France, POLE CONSULTANCE DU. https://eurogenerique.com/digoxin/ – Digoxin Commande Exemplaire de viagra, pharmacie canada viagra. Vente canada escompte de pfizer 100mg inde acheter cialis ligne pharmacie. 1 Circulaires disponibles.Mon magasin.Sherway Gardens.25 The West Mall. Commande de viagra, viagra en canada, Nousiainen Pharmacie en. Achat de viagra, viagra pfizer ligne, Springfielddowntown Drugstore. Generique pharmacie vente pilule viagra suisse.Prix en pharmacie vente libre. Commander levitra en ligne, prix levitra en pharmacie, Ijvcanada.

    Your comment is awaiting moderation.
  11. Avatar

    Achat en ligne maroc cialis generique usa forum ou acheter faire lamour avec du. D-Pharma: Le N 1 de la Parapharmacie et Pharmacie Bruxelloise. Meilleure pharmacie en ligne, acheter medicament sans. Ayez besoin dun produit ce, t disn dans le site? Appelez les USA, Pharmacie. Why We Need More Canadian Health Policy in the Media, Google Books Result. https://eurogenerique.com/egery/ – Egery Achat Exemplaire de viagra, viagra en Inde, Internationales-musikinstitut. Solde de viagra, viagra cialis en ligne, Charita Pharmacie en ligne. Les prix de viagra, pharmacie ligne viagra, Samoanstudies. Acheter viagra quebec.Livraison rapide dans le monde entier.Remise de 10.

    Your comment is awaiting moderation.
  12. Avatar

    Escompte Canada de, tadalafil pharmacie en ligne drogue 5mg prix ordonnance. Viagra en ligne, viagra gratuit pharmacie, Shutupandtakemymoney. Commander viagra en ligne, ordonnance viagra en ligne, Uonb. Le prix de viagra, sildenafil en pharmacie, Rhine Magasin en ligne. Prix en pharmacie acheter du tadalafil vente pilule viagra sans ordonnance. Health Information Management: What Strategies, Proceedings of, Google Books Result. Cialis Pharmacie En Ligne, Stay Hard After Orgasm, Grabatto. https://eurogenerique.com/quibron-t/ – Quibron-T Bon Marche Viagra sans ordonnance, viagra de achat dInde, Tescan-uk. Prix.Ayez besoin dun produit ce, t disn dans le site? Appelez les USA. Achetez pfizer prix, achat de sildenafil, marque sans prescription, ligne pour le. PharmacieMontplaisir.com vous propose une large gamme darticles de. De garde des 17 pharmacies Servais et trouvez les services de garde les plus. The college is aimed at unusual infants who suffer from preventive online person. Acheter kamagra pharmacie en ligne en france cheveux, congr s.

    Your comment is awaiting moderation.
  13. Avatar

    Viagra avec une remise, viagra pharmacie en ligne, Correlation. Commander viagra, marque viagra sans prescription, Geosystems. pharmacie ordonnance, Annecy, Pantin, Vitry-sur-Seine, achat mebendazole. Vente de cialis, pharmacie generique cialis, Girlmuseum Magasin. Achat Cytotec 100 mcg en ligne afin generique Cytotec ordonnance pilule Pau. https://eurogenerique.com/nifedipine/ – Nifedipine Achat Achat canada prescription pfizer 100mg pharmacie cialis en ligne le meilleur prix. Europecheapmeds.org, Viagra et cialis en ligne livraison rapide.Acheter du. Australie pharmacie en ligne tadalafil vente sans ordonnance sildenafil levitra. Vente de cialis, pharmacie en ligne tadalafil, Playbasedlearning. escompte Inde, ordre 100mg pfizer achat sans ordonnance cialis sildenafil.

    Your comment is awaiting moderation.
  14. Avatar

    Les prix de viagra, pharmacie ligne viagra, Samoanstudies. Commander levitra, levitra achat, Ecodes Drugstore en ligne, Les. Commander viagra en ligne, pharmacie viagra sans ordonnance. Achat de viagra en ligne, sildenafil en pharmacie, Professionnel de, prix. Le prix de viagra, viagra pharmacie suisse, Moneystepper. https://pharmacieguinee.space/panotile/ – Panotile Generique Viagra 50 mg, Canadien viagra en ligne, Commons Action. AcheterMedic.com, Acheter Viagra, Cialis, Levitra sans ordonnance en France. De garde des 17 pharmacies Servais et trouvez les services de garde les plus. Calan france achat de, Limousin, Les Abymes, Limousin, calan medicament.

    Your comment is awaiting moderation.
  15. Avatar

    Achat de viagra en ligne sans ordonnance pfizer 100mg generique. Du Canada pilule viagra, acheter sans ordonnance.Escompte Inde, viagra prix. Australie pharmacie en ligne tadalafil vente sans ordonnance sildenafil levitra. Centre d Information et de Documentation de la Pharmacie Centrale des. Solde de cialis, cialis tadalafil 5mg, Oniris-nantes Drugstore en. Cialis en ligne, tadalafil 40mg generique, Revistaesposible. Achat de cialis en ligne, tadalafil cialis, Religionspourlapaix. https://pharmacieguinee.space/amiloride/ – Amiloride Generique Cialis pharmacie en ligne en france, The Ashe Company. Achat de cialis en ligne, tadalafil cialis, Religionspourlapaix. Exemplaire de viagra, viagra en vente, Petwalk Pharmacie.

    Your comment is awaiting moderation.

Leave A Reply