But Pranaba babu could have easily
1. Increased the Income Tax Exemption limit to Rs. 3 Lakhs.
2. Abolished Wealth Tax.
3. Increased the SSI exemption limit to Rs 5 Crores.
4. Allowed savings up to Rs 3 Lakhs, including loans on House Building Loans.
5. Abolished Education Cess.
6. Abolished Wealth Tax.
7. Done away with Compulsory Audit of professional with gross income of over Rs. 10 Lakhs.
8. Increased the Central Excise SSI Limit to Rs. 3 Cores.
9. Increased the Cash transaction limit from Rs. 20,000/- to Rs. 50,000/-
But he chose to ignore all of the above issues. The Stock Exchange greeted him with a steep fall of 900 points.