Having a heart, using the head

The Union Budget is always expected to achieve multiple objectives. First, poverty alleviation and income redistribution through government’s expenditure functions, while, second, garnering tax revenue in increasingly higher amounts, yet without causing disincentives for the taxpayer; third, providing guidance for forward-looking macroeconomic management; and fourth, a strategy for structural reform. Thus, if the exercise is carried out with care and due diligence, it has to be perspicacious, balancing the nation’s heart and cerebrum. 

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