Renuka Jain

July 5,2019 marks the first budget to be presented by current government after resounding victory in elections in May 2019.  I must congratulate Narendra Modi Sir and Arun Jaitley Sir for brilliantly managing fiscal deficit as well as inflation over past 5 years. Although in last budget not much tax relief was given to middle class by way of tax cuts.. However  one has to understand that low inflation, low interest rates and Health schemes like Ayushman  Bharat directly benefit middle class. Goods and Services tax has brought down prices of various daily need goods.  But in a country where direct benefit is more applauded than long term benefits Finance Minister Madam Nirmala Sitharaman must announce sops for middle class as an award for being honest tax payers.   My few suggestions as a common citizen for this budget are as under: 1 Raise LT Cap Gains exemption to Rs 20 L from 1 L Long term capital gains at 10% post one y...