We are after all human beings made up of blood and flesh.We expect some concessions in the form that suits us most.Salary earner, pensioners, prfessionals, business community, weaker sections, farmers all have a grievance that they should have relevant concessions. Good.
What is intriguing is whenever any money /income related proposal is considered by Govt.the object has been plain and simple. Appeasement for votes.A comprehencive assesment of the impact of the proposal is conveniently overlooked.For example: U P A redefined the Creamy Layer (Income limit of Rs. four lakhs).Considering the fact the income limit for income tax exemption base even for senior citizens is Rs. 2.25 lakhs add to that 80c concessions the gross comes to Rs.3.25laks.In other words the object was motivated to appease a certain section.If the G ovt. had correspondingly revised all the slabs raising the present limit of Rs.1.5lakhs to Rs. 4.00 lakhs and so on; the integrity of the law makers would not have been questioned. There would not have been any heart burning.Therefore, what is required is whenever such measures are taken a comprehencive ARCHITECT'S approach needs to be taken.
It goes without saying that the present limits are rather harsh and need to be revised @Rs. 4.00 lakhs and upwards.Similarly , 80 c. savings need to be correspondingly revised.Shri Jaswant Singhji, hopefully should agree with my view.The only Finance Minister in the recent past who could apprecite the hardships of a larger section of the society whenever a monetory proposal was mooted.