Indian Government may be going away with Tax exemptions

Indian Finance Minister today said that government is planning to go away with the all the exemptions in the faced manner. If this happens than suddenly Indians may find then in trouble or this thing could have far sighted effects on the Indian people. If exemptions are removed then it could mean more tax burden on the Indian people. Second many people in India are doing saving only because of these exemption. Now if these exemptions are removed then it could less saving by the people and more problems for them in the later age. Finance minister is required to give consideration to this fact before implementing any removal of the exemption. India can not just follow the policies of the western world blindly by forgetting but is good for India or not.