New Delhi, Feb. 1 -- Not all reforms are announced in the budget. More so in a world where rules of the game are being constantly rewritten as well as being rigged. This year's Union Budget comes less than a week after India signed a Free Trade Agreement (FTA) with the European Union, offering unprecedented tariff concessions to a large economic block. That many more trade deals, including the one with the US, are currently being negotiated, perhaps ruled out blanket big-bang announcements on the customs duty front in the budget. After the roll-out and rationalisation of Goods and Services Tax (GST) in 2017 and 2025, slashing of corporate tax rates in 2019 and a new income tax law and significantly relaxed slabs in 2025, customs are the o...