Published in: June 2019
Budget FY19-20 has been, as expected, an IMF budget. It has been developed on a documentation and revenue generation theme, with total disregard to how it would affect the common man, and how it would wreak havoc with the industries and businesses across the country and across different sectors. In the first 8 months of its rule, the govt. had been making intent discussions with all industry stakeholders for making improvements in ease of doing business and removing tax anomalies affecting businesses. Now it appears that all good work done earlier had been put on the back burner and the only thing of importance is what IMF had to say.