By Raffique Shah
October 08, 2006

It is instructive that in a National Budget of $38 billion during fiscal 2006-07, the two proposals that have generated the fiercest controversies are the Finance Minister’s bid to clamp down on gambling and increased taxes on alcohol and tobacco. Retirees and pensioners have zeroed in on the less-than-caring manner in which they continue to be treated. The unemployed and under-employed have stayed silent, if only because they are not taxed on their meagre earnings or alms. And many of the concerns over the negative impact inflation has on people’s purchasing power seem to have simmered down.
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