My 2 cents / guess on Indian gummint plans
- I think Indian gummint is going to issue a LOT of bonds ... i.e. borrow heavily from common folks i.e. families.
- This money borrowed from families will be used to strengthen rape arrests, nirbhaya centers, women empowerment etc and other areas .
- To make gummint bonds attactive, this budget has created a tax disadvantage for private sector / Mutual fund debt schemes.
- I can't imagine why this route of borrowing (for the public) was suddenly made costs !!
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Father of a lovely daughter, criminal in the eyes of a wife, son of an compassionate elderly mother, old timer who hasn't given up, Male, activist