https://www.taxtmi.com/news?id=33696 Middle class economic exclusion in fiscal policy: a critique that budgetary measures and tax incentives disproportionately favour high income groups while only a small fraction of the population pays income tax. It urges reducing GST and granting income tax relief to boost consumption, warns of rising household debt driven by consumption borrowing, and notes distributive effects from ending the separate rail budget and senior citizen rail subsidies, as well as external inflationary risks from rupee depreciation and deportations. en-us Tue, 11 Feb 2025 21:46:03 +0530 Tue, 11 Feb 2025 21:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33696 Middle class economic exclusion in fiscal policy: a critique that budgetary measures and tax incentives disproportionately favour high income groups while only a small fraction of the population pays income tax. It urges reducing GST and granting income tax relief to boost consumption, warns of rising household debt driven by consumption borrowing, and notes distributive effects from ending the separate rail budget and senior citizen rail subsidies, as well as external inflationary risks from rupee depreciation and deportations. News - Tue, 11 Feb 2025 21:46:03 +0530 https://www.taxtmi.com/news?id=33696