{"id":126250,"date":"2018-01-30T09:20:44","date_gmt":"2018-01-30T03:50:44","guid":{"rendered":"http:\/\/greattelangaana.com\/english\/?p=126250"},"modified":"2018-01-30T09:26:30","modified_gmt":"2018-01-30T03:56:30","slug":"budget-common-man-expected","status":"publish","type":"post","link":"https:\/\/greattelangaana.com\/english\/budget-common-man-expected\/","title":{"rendered":"A budget for common man expected"},"content":{"rendered":"<p style=\"text-align: justify;\">The government will present a &#8220;good&#8221; budget one that attests to the rural distress and &#8220;common man&#8221; issues without jeopardising fiscal consolidation,&#8221;.<\/p>\n<p style=\"text-align: justify;\">In the area of direct taxes like income tax and corporate tax, Minister for Finance Jaitley hinted at some relief for taxpayers as he made a case for rationalisation of the direct tax structure considering the fact that &#8220;the tax base has expanded&#8221;.<\/p>\n<p style=\"text-align: justify;\">With the general elections due in 2019, the government will present next year, instead of a full Budget, a vote-on-account, which only deals with the expenditure.<\/p>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-126251 aligncenter\" src=\"https:\/\/greattelangaana.com\/english\/wp-content\/uploads\/2018\/01\/IndiaTvb355b0_middle_class.jpg\" alt=\"A budget for common man expected \" width=\"715\" height=\"431\" \/><\/p>\n<p style=\"text-align: justify;\">Besides, new schemes and changes to taxation are not presented in a vote-on-account.<\/p>\n<p style=\"text-align: justify;\">Moreover, with major states bound for polls this year, observers expect the budget to be weighed in favour of the farm sector at a time when data shows a dip in agriculture growth and the sector under stress.<\/p>\n<p style=\"text-align: justify;\">The government is expected to continue its fiscal consolidation at a slower pace in the ensuing budget with a fiscal deficit target of 3.2 percent of GDP for 2018-19.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government will present a &#8220;good&#8221; budget one that attests to the rural distress and &#8220;common man&#8221; issues without jeopardising fiscal consolidation,&#8221;. In the area of direct taxes like income tax and corporate tax, Minister for Finance Jaitley hinted at some relief for taxpayers as he made a case for rationalisation of the direct tax [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":126254,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[10183,4658,16710,64606,2339,64605,64607,6468],"class_list":["post-126250","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-stories","tag-budget","tag-common-man","tag-gdp","tag-general-elections-2019","tag-government","tag-minister-for-finance-jaitley","tag-new-schemes","tag-vote"],"jetpack_featured_media_url":"https:\/\/greattelangaana.com\/english\/wp-content\/uploads\/2018\/01\/jaitley-budget-3.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts\/126250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/comments?post=126250"}],"version-history":[{"count":0,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts\/126250\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/media\/126254"}],"wp:attachment":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/media?parent=126250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/categories?post=126250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/tags?post=126250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}