This budget is loudly saying that DEMONETIZATION was a damp squib If concessions in taxation is given there would loss of revenue to the government Unless there are ways to make good this loss concessions cannot be given Had demonetization been successful in curbing the black money the govt would have had extra revenue to allow concession in personal taxation Since the concession in this score is nominal if not negative taking inflation into account it is written on the face of the Union Budget  that there is very little success in curbing the black money by demonetization  On the other hand govt needed money for several welfare schemes and definite sources to raise this money Since independence salaried class is the most certain source of tax revenue and thus govt decided to take it for a ride for another time The persons who got delighted thinking that the ill gotten  wealth of the dishonest people in their neighbourhood would now be caught are probably still not aware of it If they are still delighted by seeing the budget analysis on TV and think that this budget is a great booster for rural and infrastructure sector here is one statistics Last year allocation to railways was Rs lakh crores this year due to the socalled thrust on infrastructure the amount is  lakh crore If this allocation is discounted for inflation the figure seems to be less than that of the last year