Budget 2018: This is evidently a 'slingshot' moment for India

The Budget has introduced long-term capital gains tax, proposed at 10%

The Budget 2018 vindicates the necessary focus on agriculture, health care, employment, education and infrastructure. The creation of the world’s largest health protection scheme is a landmark move and could have a tremendous multiplier impact.

For India Inc, the Budget has responded positively with a corporate income tax rate reduction to 25 per cent for companies with turnover of up to Rs 2.5 billion in FY16-17, consistent with the global theme on tax competitiveness.  While other corporates might be disappointed, the move is expected to have a positive impact, considering 99 per cent of corporate tax filers fall