Budget should clean up capital gains, DDT mess
The actual taxpaying Indian gets crushed under the burden of direct taxes
The problem of the Indian budget exercise has been to somehow get the reluctant individual to pay income tax. Step back and see that a government needs tax revenue to run the government itself, pay for government institutions (health, education and defence, to name just a few), spend on infrastructure, pay interest on borrowings and so on. A prudent government’s capacity to spend depends on its capacity to raise revenue through taxes—both direct and indirect. A profligate government will simply borrow recklessly and kick the problem down the road for future governments to handle.