Income distinction

Investment income should not be treated differently

The Union finance ministry is in the process of preparing the Budget for the next fiscal year, and it will be presented in less than two months from now. While the revenue position is fairly comfortable for the current year, the government intends to increase spending significantly compared to the budgeted amount. It has asked for Parliament’s approval to spend an additional Rs 3.74 trillion on different heads, though the actual outgo would be less because of savings under other heads. It is not entirely clear at this stage as to what extent it would push up the deficit and