Union Budget 2021 India: As the FM rose to present the Budget, there was an air of uncertainty, particularly with regard to from where will she raise the resources. A 2% Covid cess was almost a forgone conclusion.
As a start, we need to appreciate that the government measures its revenues on a cash basis, i.e. the `12 lakh crore target represents the direct taxes actually collected by the government net of the refunds issued.
Budget 2018: The Union Budget for the financial year 2018-19, being the last Budget of the current Bharatiya Janata Party-led government before the 2019 general elections, meant that the finance minister Arun Jaitley had the