Here is the best of Business Standard's opinion pieces for today
Tinkering with rates proposed in the Budget does not change the protectionist stance and there is a need for rethink on the issue
The introduction of the tax dispute settlement scheme promises a transformative impact on India's tax landscape
The Budget could have outlined a three-tier Customs duty structure with minimum rate on raw materials, a slightly higher rate on intermediates, and the highest rate on finished products
Policy reforms would work better than programmes or projects
As for the long-term vision of the Budget, there are some reassuring messages from the finance minister
The 10 budgets of the Modi government so far were BJP budgets. This is its first coalition budget
Rules for foreign direct investment and overseas investments to be simplified
On the personal income tax front, the Budget brought in some modest tweaks, which should support sentiment and consumption for salaried individuals
The Budget also places emphasis on leveraging the power of women in the workforce
Exemption from BCD on import of certain minerals to be used in strategic sectors such as telecommunication, space, high-tech electronics, etc
This Budget will further energise the aspirations of our neo-middle class. Unprecedented opportunities will be unleashed for our younger generation, says PM Modi
More vocational and technical training is available but over two-third of the working age population has received none
Nine priorities expedite journey towards goal of 'Viksit Bharat', said finance minister
However, speaking to Business Standard immediately after the Budget, Sitharaman said the deviation from the interim Budget was minor, and only one of accent
Budget taxed and spent smartly, more clarity needed on fiscal path
The final report of the 15th Finance Commission had recommended transfer of 41 per cent of central taxes to the states after two Union Territories were carved out of Jammu and Kashmir
The largest source of income for individuals is salaries, but it has grown slowest among income categories
The administration of the income-tax department is in a poor shape today. Taxpayer appeals have piled up for the past five years with zero accountability by the tax department
The budget also announced a new mechanism for facilitating the continuation of bank credit to MSMEs during their stress period