There was limited guidance in the speech on how the growth engine of the economy shall propel, nevertheless it laid an ambitious vision for India becoming $5-10 trillion economy in 5-8 years, respectively.
The sugar industry is in the middle of a severe crisis. The surplus production of sugarcane has led to a downward spiral in the price of sugar. Mill owners are in need of financial assistance, causing them to default on dues
Window dressing by holding back refunds, appeal effects, etc, in the last quarter of the fiscal to achieve budgeted figures and postponing them to the first quarter of next fiscal are symptoms of the malady of unrealistic tax
Most tax incentive provisions in the I-T Act are intended to catalyse investments in sectors focal to achieving socio-economic growth targets. Eliminating all extant tax incentives could prove counterproductive. It is imperat