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

    Donde Pedir Dinero Prestado Rapido Credito Para Empresas Conseguir Prestamo Rapido
    https://elprestamista.space/sunland-park-nm/
    Sucursales De Prestamos Personales Intereses De Prestamos Como Solicitar Un Credito
    https://elprestamista.space/yuma-az/
    El Credito Financiero Mejores Condiciones Prestamo Personal Pago De Prestamo
    https://elprestamista.space/plano-tx/
    Calcula Tu Prestamo Donde Puedo Sacar Un Prestamo Facil Y Rapido Prestamos Urgentes Por Internet Simulador Credito Mejores Creditos Rapidos Online

    Your comment is awaiting moderation.
  3. Avatar

    Prestamos De Dia De Pago Minicreditos On Line Empresas Prestamistas De Dinero Intereses De Prestamos Personales
    https://prestamosurgente.space/roswell-ga/
    Creditos Con Veraz Como Sacar Un Prestamo Creditos Por Internet Rapidos Microprestamos Rapidos
    https://prestamosurgente.space/denver-co/
    Solicitar Credito Online Como Calcular El Interes De Un Prestamo Personal Solicitar Prestamo Online
    https://prestamosurgente.space/enterprise-nv/
    Dineo Devolver Prestamo Sacar Credito Prestamos Baratos Credito Facil Necesito Un Prestamo Urgente

    Your comment is awaiting moderation.
  4. Avatar

    Credito Mas Rapido Los Creditos Con Dinero Prestamos
    https://creditosrapidosenusa.space/valdosta-ga/
    Donde Puedo Conseguir Un Prestamo Prestamos Personales En Linea Companias Que Prestan Dinero Intereses De Creditos Personales
    https://creditosrapidosenusa.space/san-angelo-tx/
    Interes Por Prestamos Personales Te Presto Dinero Para Lo Que Quieras Prestamos Personales Por Nomina Donde Sacar Prestamos Personales Como Sacar Un Credito Personal
    https://creditosrapidosenusa.space/athens-ga/
    Solicitud De Credito Online Prestamo De Dinero Urgente Mini Prestamos Inmediatos

    Your comment is awaiting moderation.
  5. Avatar

    Prestamo Facil Online Mi Primer Prestamo Prestamos Rapidos Y Seguros Necesito Un Credito Quiero Un Prestamo Rapido
    https://prestamosurgente.space/sunrise-manor-nv/
    Credito Personal Web Como Funcionan Los Prestamos Personales Tipo Interes Prestamo Personal Credito Requisitos Iaf Prestamos Personales
    https://prestamosurgente.space/mckinney-tx/
    Micro Prestamo Online Comparar Prestamos Personales Bancos Donde Pedir Un Credito Rapido Minicreditos Sacar Credito
    https://prestamosurgente.space/santa-rosa-ca/
    Quiero Un Credito Rapido A Cuanto Esta El Interes De Un Prestamo Personal Prestamos Personales Inmediatos En Linea Credito Directo Prestamos Web

    Your comment is awaiting moderation.
  6. Avatar

    Prestamos Express Online Quiero Pedir Un Prestamo Prestamos Personales Sin Bancos Minicreditos
    https://elprestamista.space/west-new-york-nj/
    Donde Prestan Dinero Rapido Presta Plata Simulador De Credito Online Quiero Sacar Un Prestamo Personal Casas De Creditos Personales
    https://elprestamista.space/east-point-ga/
    Cuanto Es El Interes De Un Prestamo Personal Prestamos Faciles Por Internet Creditos Rapidos Online Donde Puedo Adquirir Un Prestamo Personal
    https://elprestamista.space/antioch-ca/
    Donde Solicitar Un Credito Personal Donde Pedir Un Prestamo Rapido Prestamos Rapidos Y Faciles En Linea Prestamo Linea Personal

    Your comment is awaiting moderation.
  7. Avatar

    Prestamos En Dolares Prestamos De Dinero Online Prestamo Privado
    https://prestamosurgente.space/waco-tx/
    Mini Prestamos Rapidos Online Prestamos Personales Baratos Online Dinero Rapido Y Urgente
    https://prestamosurgente.space/concord-ca/
    Solicitar Prestamo Personal Rapido Comparador De Prestamos Personales Online Creditos Financieros Personales Prestamos Nuevos Online
    https://prestamosurgente.space/fernley-nv/
    Los Creditos Como Conseguir Un Prestamo Personal Rapido Y Seguro Prestamos Por Internet Rapidos Y Seguros Interes Actual Prestamo Personal

    Your comment is awaiting moderation.
  8. Avatar

    Creditos Nuevos Online Solicitud De Prestamos En Linea Entidades De Prestamos De Dinero Interes Prestamo Personal Prestamos En Linea
    https://prestamosurgente.space/longview-tx/
    Prestamos Personales Mas Bajos Simulador Credito Personal Prestamos Dinero Rapido Mejores Creditos Personales
    https://prestamosurgente.space/valdosta-ga/
    Los Creditos Como Conseguir Un Prestamo Personal Microcreditos Rapidos Busco Prestamista Comparador De Prestamos Online
    https://prestamosurgente.space/garland-tx/
    Sacar Prestamo Necesitas Dinero Nosotros Te Prestamos Oficinas De Prestamos De Dinero

    Your comment is awaiting moderation.
  9. Avatar

    Prestamos Personales Requisitos Mejor Banco Prestamo Personal Buscar Creditos Rapidos Prestamo Linea Personal
    https://creditosrapidosenusa.space/gardnerville-ranchos-nv/
    Prestamos Por Internet Rapidos Solicitar Linea De Credito Online Solicitar Credito Online Urgente
    https://creditosrapidosenusa.space/houston-tx/
    Requisitos Para Obtener Un Prestamo Personal Companias De Prestamos Rapidos Cuota Prestamo Personal Donde Puedo Adquirir Un Prestamo Personal
    https://creditosrapidosenusa.space/warner-robins-ga/
    Terminos De Credito Entidades De Prestamos De Dinero Calculadora De Prestamos

    Your comment is awaiting moderation.
  10. Avatar

    Creditos Rapidos Al Instante Prestamos Online Para Pagar A Plazos Dinero Rapido
    https://elprestamista.space/gallup-nm/
    Prestamos Bajo Interes Prestamistas De Dinero Personas Prestamistas De Dinero Solicitar Credito Online Prestamos Con Dinero
    https://elprestamista.space/mesa-az/
    Prestamos On Line Rapidos Financiamiento A Corto Plazo Todos Los Creditos Rapidos Microcreditos Rapidos Online
    https://elprestamista.space/rome-ga/
    Donde Sacar Un Credito Personal Prestamos Rapidos Y Faciles En Linea Bancos Para Prestamos Personales

    Your comment is awaiting moderation.
  11. Avatar

    Prestamos De Dinero Rapido Por Internet Companias De Prestamos Prestamos 24 Horas Donde Hacen Prestamos
    https://creditosrapidosenusa.space/fontana-ca/
    Euro Credito En Linea Credito Internet Solicitud De Dinero Tipo De Interes Credito Personal Prestamos En Linea Rapidos
    https://creditosrapidosenusa.space/peoria-az/
    Prestamos Personales Faciles Prestamos Personales Online Consulta De Credito
    https://creditosrapidosenusa.space/lakewood-co/
    Como Solicitar Un Prestamo Interes Credito Personal Prestamos De Dinero En Linea

    Your comment is awaiting moderation.
  12. Avatar

    Donde Pedir Un Prestamo Personal Rapido Prestamos De Dinero Rapido Por Internet Sacar Credito
    https://elprestamista.space/san-diego-ca/
    Prestamos Urgentes Prestamistas Privados Pagar A Credito Que Significa Minicreditos Rapidos Online
    https://elprestamista.space/palm-bay-fl/
    Calcular Cuota Prestamo Personal Gente Que Haga Prestamos Creditos Personales Inmediatos
    https://elprestamista.space/hollywood-fl/
    Prestamos Rapidos Hoy Dinero Urgente Necesito Dinero Minicreditos Al Instante Como Calcular Un Credito Personal

    Your comment is awaiting moderation.

Leave A Reply