Dear BCAS Family,
As I write this message, a big suspense on what would budget have in store for us has been unravelled. Shimmering with its pro-people and pro-market initiatives, it is poised to propel India’s growth to greater heights. It has the distinct stamp and finesse of the Finance Minister, Nirmala Sitharaman who has pulled off a remarkable feat in putting together a budget that has something for everyone. The budget focuses on boosting technology, infrastructure and green energy while easing tax across various citizen classes. It dexterously manages macro-economic stability, while providing a strong impetus to job creation and harnessing youth power. The budget also has initiatives to add a fillip to agriculture, rural development, women empowerment, entrepreneurship, healthcare and education. What is laudable is that the budget has laid clear direction for the nation in its Amrit Kaal to what its goal posts are for India @100 in 2047. Care has also been taken to pave the way for revitalizing the economy and ensuring its steady growth and development. That said the Finance Bill 2023 still leaves out required reforms at the administrative level that would have helped honest tax-paying businesses. I am hopeful that with representations from the BCAS and other institutions, wisdom will prevail to bring about those reforms.
While there are many positive developments in a country which is on the cusp of exponential growth, th
