Indian Business and Share Market News Analysis&Opinion Decoding the amended Section 54 benefits announcement in Interim Budget 2019. Walmart faces stringent government regulations just a few months after it bought Flipkart. The timing is crucial. Will it faze the US giant? Budget 2019 was a chronicle of achievements, a roadmap for the future, envisaging the return of the NDA, garnished with pre-poll populism, and finally, some warmth for the tax payer. The government has already sounded the war bugle on elections. But in the bargain, the promises made need to be implemented with care. A politics of hand-outs hasn’t removed poverty from India. It has embedded it even more deeply. Narendra Modi was elected to end this politics. He is now following it. Key announcements made in the Modi govt's Interim Budget will impact a longer time-frame, and will strongly change the political landscape for the BJP, making a determined push to woo the middle class now. You can watch Goyal’s budget speech live here to know what are the government’s plans for income tax slabs, indirect taxes, agriculture, new trains et al. Last year's Budget focused on farmers and social welfare. It largely ignored the private sector and the middle class. Will this Interim Budget mind those gaps?
Off the Record: Where Politics and Economics Meet | 5-minute read Off the Record: Where Politics and Economics Meet Rahul Gandhi’s move to ensure minimum income guarantee (MIG) for the poor is well-intentioned. But it could damage the psychology of a nation which is proud of its demographic dividend. There is speculation that UBI could well be on the list of what the Narendra Modi government also offers voters through the Interim Budget.