#JanJanKaBudget 

Many ways to increase growth, create wealth, make life easier and do things better

Tax and financial markets

1. Good for most middle-class taxpayers see, bad for none but not a giveaway as many hoped.

2. Paves the way for a modern, hassle-free direct tax system.

3. Helps to declutter tax litigation courts, and promises to minimise harassment.

4. It fights for India's share where tax jurisdiction is unclear.

5. Along with corporate tax cuts, it improves the climate for bonds, equities & venture capital. 

6. It clears hurdles for foreign investments via portfolio and FDI. Domestic investors should follow.

7. Counter-cyclic stimulus done by giving money to fast-spenders via IT cuts, rural transfer & infra.

8. A moderate fiscal deficit target of 3.5% set, so base rate cuts and/or more stimulus are possible.

Exporters, MSME, Affordable housing, Defence, R&D

1. Easy export guarantee, finance & MSME audit measures, and promotes cashless transactions.

2. "Safeguards" sectors where MSME is already more than capable of replacing imports.

3. IT deduction for affordable housing, 1-year extra tax relief for builders & earlier rescue package.

4. Tight budget compels military to streamline operations, finetune acquisitions and curb pensions.

5. Implicit approval for indigenous defence buys as more funds are likely under Make-in-India.

6. Boost for indigenous IPP in advanced technologies through R&D support.

Infrastructure pipeline, farming, people, start-ups

1. Centre has a clear funding plan for its 39% share, such as disinvestment, project funding, etc

2. Incentives for the private sector for 22% share, but Centre is capable of stepping in.

3. Cold chains + fast logistics + storage, agricultural credits, fish, livestock, exports, solar.

4. Water (major), health (primary health centres), education (apprenticeships with degrees), etc.

5. Further incentivises entrepreneurs (start-ups).