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Ajay Durrani, MD, Covestro India

Rakesh Rao Mumbai

Last Updated : Feb 02 2017 | 1:07 PM IST

The Union budget announced today is a balanced budget focusing on providing an impetus to the economy and offers encouraging measures for the tax payers. As expected GST, demonetisation have ushered in tectonic changes for economy and the same was conspicuous in the budget.

There are multiple take-aways from the budget that is aimed at boosting consumption, skill development and highlights concerted efforts in the direction of creating improved living standards in the country.

The reduction in the tax rate in the income tax slab of Rs 2.5 lakh to Rs 5 lakh to 5 percent from 10 percent will give rise

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