Economic Commentary

On the 2018-2019 budget- Revised income tax structures, higher incomes taxed more, middle & lower incomes protected. 500,000 jobs to be created with an expected growth rate of 8%. Expected, reasonable and neutralizing policies from the United Left government. What is interesting is the invitation of hedge funds, private equity and venture capitalists to stabilize the financial markets. Point 199 even hints at foreign capital injections via private equity and hedge funds. Big businesses are also compelled to list their companies in the stock exchange. I find the finance minister stern for all the right reasons. Luxuries, cigarettes and alcohol to be dearer!