This year's Union Budget lacks lusture as it has not addressed unemployment problem and farmers' woes. The PM Narendra Modi had promised of creating two crore jobs, but last year only about 1.5 lakh jobs were created. The farmers are desperate as their crop loss has not been compensated. Cash donation limit of Rs. 2000 to political parties is a meaningless gesture as most of the donations go out as unaccounted money.
However, reduction in tax rates for individuals is a welcome move.
K A Solaman
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