Best of BS Opinion: Macro-fiscal question, Tax proposals a mixed bag & more

Here is the best of Business Standard's opinion pieces for today

Finance Minister Nirmala Sitharaman has managed initial expectations around the Budget well, but a look at the fine print suggests less reason for euphoria. For one, net benefit to taxpayers from the income tax cuts will be less than initially announced, the fiscal correction was, in fact, done over a month ago when the Covid-related supply of free foodgrain was stopped. This plus savings on the fertiliser subsidy account for the bulk of the proposed deficit reduction; there is virtually no additional fiscal correction in the Budget. The key question, the edit asks here, is that if economic output has