The Many Worries of Mr Jaitley

And what he can do to solve them in the Budget...

By PROSENJIT DATTA

For any finance minister, preparing a Budget is all about trade-offs. It has to meet many different objectives simultaneously, and some of them might be in conflict with one another. In an ideal world, Finance Minister Arun Jaitley would have presented a Budget that would boost economic growth, raise lots of revenues in a benign tax environment, give incentives to corporations to invest more, while spending lots of money for the welfare and social well-being of all citizens, particularly the weaker sections, and also have enough money left for crucial functions of the state such as policing, defense, etc. And, all this, without running up a fiscal deficit. Unfortunately, no finance minister ever gets to operate in an ideal world. As he prepares his third Union Budget, Jaitley, too, faces a…

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Business Today (Digital) - 1 Issue, February 28, 2016

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