https://www.taxtmi.com/news?id=32534 The Budget is criticised for favouring tax concessions to higher-income groups while cutting or stagnating expenditures on social and development programmes, worsening demand shortfalls, inequality and unemployment. Left parties note the government did not raise higher-income tax rates, thereby skewing benefits toward the wealthy minority, and point to lower-than-budgeted actual spending in the prior year. Specific reductions or stagnation are identified for food subsidies, agriculture, education, rural development and MGNREGA, undermining employment generation and social welfare. en-us Sat, 01 Feb 2025 20:16:03 +0530 Sat, 01 Feb 2025 20:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32534 The Budget is criticised for favouring tax concessions to higher-income groups while cutting or stagnating expenditures on social and development programmes, worsening demand shortfalls, inequality and unemployment. Left parties note the government did not raise higher-income tax rates, thereby skewing benefits toward the wealthy minority, and point to lower-than-budgeted actual spending in the prior year. Specific reductions or stagnation are identified for food subsidies, agriculture, education, rural development and MGNREGA, undermining employment generation and social welfare. News - Sat, 01 Feb 2025 20:16:03 +0530 https://www.taxtmi.com/news?id=32534