Budget 2024-25: Wide gap between earnings and aspirations

The proposed budget for 2024-25 fiscal year has drawn more criticism than appreciation. While it aims to control inflation, critics argue the revenue-expenditure gap is unrealistic. Reducing corporate tax may boost industries, but increasing tax on existing taxpayers and allowing whitening of black money at a lower rate has drawn flak for being discriminatory. Experts also criticize the reduced allocation for education. Addressing these concerns could make the budget more realistic and people-friendly.Source:prothomalo