Updated On: 06 July, 2019 06:39 AM IST | Mumbai | Mitil Chokshi
Analysis: Tax-ing times for the super rich, a middle-class roped in as a collaborator and the Donald Trump effect

(Top) Finance Minister Nirmala Sitharaman presenting Budget 2019 in Parliament on Friday
The 'Electric Bullet Train Budget' stopped at station India yesterday. The term is derived from the electric engine that will drive the economy through the next year. Finance Minister Nirmala Sitharaman's budget, with the thrust on electric cars and reduction of customs duties and GST, is the future.
As the World Cup moves towards edge-of-the-seat final stages, it is time to look at this budget through the cricketing lens. The surcharge is the short ball, surprising the super rich. It targets those earning above R5 crore per annum and those between R2 crore and R5 crore per annum. It may mislead because the additional surcharge is 25 per cent for income of individuals between 2 and 5 crore and 37 per cent for those above 5 crore. The announcement also raised apprehensions about the hopes of others who had income between 50 lakh and 2 crore, into thinking that the FM would have some waiver for them, too, but it was not to be.