It pays to have a Railway Minister from Mumbai city and Piyush Goel must be complimented for convincing Finance Minister Arun Jaitley to earmark Rs 51K crores for city’s rail upgradation and new lines to ease commuters travelling woes. Safety of commuters should be given top priority from the budgeted allocation so that Elphinstone type tragedies can be avoided in future. Finance Minister’s this year budget was rural centric and this was expected when parliamentary elections are due next year.
LTCG was on the cards with markets at all time high but Mutual Funds should have been exempted as small investors park funds in equities through this route. Public spending has been given a thrust in this year’s budget which is welcome as development takes place when there is proper infrastructure and I am sure budget deficit can be managed in future years with rise in income of the people!
(The views expressed by the author in the article are his/her own.)
