Budget 2020: Banking sector is feeling the heat of economic slowdown; can Nirmala Sitharaman clear the mess?
In a normal scenario, these suggestions make sense. But, the state of Indian banking sector is far from normal.
There are as many as eight slabs of income tax with the highest effective tax rate exceeding 40 percent.
Budget 2020: Financial market will look for improved transparency in 1 February announcements, says DBS report
The report noted that fiscal deficit in the first eight months of FY20, stood at 15 percent above target, driven by weak revenues