P Chidambaram writes: Budget abandons the lesser gods – I

P Chidambaram writes: Budget abandons the lesser gods – I

It is most probable that the ‘giveaway’ of a cut in the income tax was decided at the highest levels of the government. Which section of the tax-payers should get the benefit? Aw shucks (as Mr Trump would have said), let every income tax payer get it! Hence, the decision to raise the threshold of taxable income from Rs 7 lakhs to Rs 12 lakhs. The FM said it would cost Rs 1,00,000 crore