3 years, 11 months ago
Opinion | Crystal gazing Budget 2021-22
Live MintGiven the loss in national income and consequent dips in per capita income, demand generation should be the key focus for the government in the upcoming Union Budget. Given the developments in the farm sector and pledge of the government to double farmers’ income, allocations to strengthen agriculture infrastructure - especially storage infrastructure like silos and cold chain – are also likely to be higher. The government may consider providing some indirect support to the sector by way of higher LTA or an additional LTA claim in the current block for the salaried. The government could also consider a one-time special standard deduction for incomes up to ₹1 million towards pushing more consumption and hence demand generation.
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