The exemption is hogwash. Rs 1030 per year translates into a little over rs 86 per month in the hands of the tax payer. Wonder how it is going to neutralise the cost of Rs 75 per KG of tuar dal or the increase of rs 4 per litr of petrol. Basically a people unfriendly budget. How it is going to increase spending is a big doubt. Pranab Mukherjee has this nasty habit of being middle class unfriendly and he has proved it.
| NIFTY 
