Criticising the recent budget announcements, Yashwant Sinha said currently there is distress in rural India with farmers' income declining by 1.38 pc in last four years.
Exemption to equities from long- term capital gains (LTCG) tax was leading to higher asset valuations and was posing a potential risk to small investors, Adhia said.
Hopeful of buoyant revenue collection next fiscal, Jaitley said 0.3 pc fiscal slippage is statistical in character and meeting the target would be much easier in future.
"In the six months to November 2017, the number of cryptocurrency and blockchain jobs posted on the Indeed website rose by 290 per cent."
CBDT Chief asked the industry to refrain from misusing provisions of laws, saying effective tax rate for big companies is already 26 pc on account of various exemptions.