‘Constrained financially, government will not be in a position to offer tax reliefs post election’ ...Middle East

Chennai: The Central government may not offer any tax relief or concessions even in the post-election full budget owing to its financial constraints, said a top economist at credit rating agency Acuite Ratings & Research. On the absence of tax reliefs or concessions in the Interim Budget presented by Finance Minister Nirmala Sitharaman in the Parliament on Thursday, Acuite’s Chief Economist and Head, Research, Suman Chowdhury said: “In our opinion, such concessions are unlikely even in the post-election full budget exercise given the fiscal constraints and the criticality of fiscal consolidation.” As the general elections are slated in the first half of the calendar year, the government had

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