The Budget our FM outlined in her speech was one of
the commitment for fiscal prudence, besides ensuring liquidity to continue
investment and demand especially for the real estate and affordable housing, it
has reduced corporate tax on 99% of the business form a turnover of Rs 250 Crore to Rs 400
Crore to 25%, the aim was gaon, garib, kisan…
NBFCs would be regulated by the RBI to reduce the
risk of excesses and given lending assurance to genuine NBFCs… But, it lacked
on popular expectations like less LTCG burden and increase investment and tax
exemptions… The budget has targeted the fiscal deficit of 3.3 % of GDP…
The government has reiterated its plan to upskill
youth in language, automation, artificial intelligence, internet of things…
The budget has sought to increase demand for
affordable housing by providing interest rate benefits upto Rs 7 Lakh on a loan
of Rs 45 lakh for 15 years…
The govt has pledged Rs 100 Lakh Crore for the
infrastructure in the next five years which is likely to give investment and
employment a big push, though construction has been saddled with NPAs…
Both, investment in real estate and infrastructure
could crowd in private investment and employment…
The govt has promised to connect every household
with piped water, water has been among the most pressing problem facing the
INDIA economy and also for irrigation purposes…
The budget has failed to attest its interest to
follow public’s expectations without pushing harder for growth, inflation and
interest rate expectations, through limited borrowing plans and more space for
the RBI to reduce cost of capital and increase productivity of capital and
competitiveness, demand and growth…
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