THE second full budget and third one by finance minister Arun Jaitley has been applauded for “revival of rural India”. In his budget speech, Jaitley said the buoyancy in tax income, an indicator of the market’s confidence in the Modi government, has helped them spend more than the earmarked amount while sticking to the fiscal discipline. The government blatantly concealed the fact that the buoyancy in tax income is only in terms of direct taxes which does not need any confidence of the market in the government of the day.
