2017 Union Budget: The Balancing Act We Miss To See

The Union Budget brings us some fresh thoughts as every other year, the expectant populace waits for sops to be announced and some get happy about it, while some are not. The Budget, by the way, is a zero sum endeavor; it must balance revenues with expenditure. On the revenue side the government earns by taxes of all kinds, including on goods and services, while on the expenditure side there are two kinds, revenue kind and capital kind. If the government does not invest in the capital kin

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