The salaried class has an additional reason to cheer as the limit of standard deduction, which was re-introduced last year, has been enhanced from Rs 40,000 to Rs 50,000.

Removal of tax on long term capital gain, increase in tax exemption limit and removal of dividend distribution tax can help bring stability in the market while making the investments in mutual funds more lucrative and beneficial for the investors.

The width and magnitude of India's security concerns requires us to continuously modernise our defence forces and take up new asset procurement.