https://www.taxtmi.com/news?id=33524 The Budget is characterised as politically driven and skewed toward income-tax relief that benefits middle- and high income taxpayers while doing little for the bottom 50 per cent. Fiscal consolidation was achieved largely by cutting central capital expenditure and grants-in-aid for state capital projects, reducing public investment without equivalent deficit savings. The critique emphasises falling real wages, shrinking household savings, high inflation in essential sectors, unchanged minimum and MGNREGA wages, and inadequate employment outcomes from government schemes. en-us Mon, 10 Feb 2025 20:16:03 +0530 Mon, 10 Feb 2025 20:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33524 The Budget is characterised as politically driven and skewed toward income-tax relief that benefits middle- and high income taxpayers while doing little for the bottom 50 per cent. Fiscal consolidation was achieved largely by cutting central capital expenditure and grants-in-aid for state capital projects, reducing public investment without equivalent deficit savings. The critique emphasises falling real wages, shrinking household savings, high inflation in essential sectors, unchanged minimum and MGNREGA wages, and inadequate employment outcomes from government schemes. News - Mon, 10 Feb 2025 20:16:03 +0530 https://www.taxtmi.com/news?id=33524