NEW DELHI, Feb. 10 -- The first day of February has come and gone amidst the hullabaloo witnessed by the national Capital due to the Delhi elections. Within minutes of the Budget speech, headlines about the middle class having more income in their hands popped up, painting a rosier-than-ever picture for everyone. For many, it was certainly the most-awaited moment. However, the relief has been granted only to those who have opted for the new regime-one that does not incentivise savings, investments, or even giving back to society.

Nothing significant has been offered to those who still believe in making small investments and savings, not just to save taxes but also to mitigate various risks associated with life. The budget affects 1.46 bi...