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Budget 2019: Remembering India's most iconic Budgets

14 January, 2019 11:50 AM
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These were some of the Budgets that impacted our economy in the most significant of ways, bringing in changes and reforms that define it even today.

1968 | Morarji Desai's Budget, commonly known as the People's Budget, simplified the assessment of goods by introducing the system of self-assessment for all manufacturers. This Budget also abolished 'spouse allowance', which was a tax saving tool for both husband and wife. This was done in order to "to eliminate this unintended strain on the relationship of marriage."

Source: moneycontrol.com

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