After presenting the annual budget for the fiscal year of 2015-2016, FM Arun Jaitley has spoken media as a custom, in which he supported his budget as investment friendly, and pro-poor.

The dialogue came out of his mouth is “Tax is an instrument of social engineering in a society”, which is highlighting the reformative agenda of the government and commitment in securing the maximum input from the tax payers. The corporate tax got reduced from existing 30 percent to 25 percent, and said this will help the entrepreneurs and investment also create jobs.

FM also provided lines for minimizing the tax evasion through punishment method, and provision of stopping government facilities to the firms. His budget is certainly good, but highly tough to decipher the benefits.

-Kannamsai