WHAT TO EXPECT FROM THE NEW GOVERNMENT

IN MATTERS Na few days, the biggest democratic exercise in the world will determine the fate of the incumbent Narendra Modi government.

No matter the next ruling dispensation, your money deserves a government that manages finances well. Your money is affected by the inflation and interest rates in the economy. You want your government to generate sufficient tax revenue to pay for adequate expenditure on infrastructure. While generating sufficient tax revenue, you want the new government to be fair to you as a taxpayer.

Taxing times

From the election campaign, you could pick up economic noises. The present government, led by Prime Minister Narendra Modi, promises more of the same for managing government finances and capital expenditure on infrastructure in the economy. They believe that investing in infrastructure could trigger economic activity and enhance productivity in the long term. On the other hand, the opposition parties want to give more money to the hands of people experiencing poverty to boost rural and urban consumption.