Environment put on the back foot by the Budget
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India, Feb. 5 -- The Union Budget has always been a hit and a miss and this year is no different as the annual financial statement for the year 2021-22 brought cheer to a section of the 1.38 billion-strong population while it disappointed some others. The 350 million-strong middle class that bore the major brunt of the COVID-19 pandemic was expecting some relief from the Budget this year. However, it was left disappointed as the Income-Tax slabs remained unchanged.
On the other hand the business community seems to be satisfied with the provisions in the financial spreadsheet that aim to rejuvenate the ailing economy. The environment, however, has landed in a mixed bag.
In a surprise move, it slashed the funds meant for the National Clim...
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