होम » Budget
In an interaction with Money9, Sudhir Kaushik, co-founder and CEO, TaxSpanner, explained the reasons behind the move.
Nirmala Sitharaman said the budget is trying to raise non-tax resources at a time when a lot of money has to be spent.
She said budget was good as it was growth-oriented and also it did not increase any taxes.
Finance Minister Nirmala Sitharaman delivered a budget which has been hailed as 'bold' and 'growth-oriented'.
He said the continuing modest allocation towards the healthcare sector would make it challenging for the government to meet its target of public sector healthcare investment by 2025.
Budget's emphasis on capital expenditure marks a noteworthy shift, and higher investment in India's physical infrastructure should help to raise investment potential and competitiveness in the economy over time.
The first paperless budget presented by the Union Finance Minister, Nirmala Sitharaman is a step towards making India, truly self-reliant.
Drawing from the cricketing analogy, here are a few points to keep in mind while trading in equities:
The setting up of a separate Asset Reconstruction syndicate for dealing with the NPAs is a step in the right direction as it will aid better recovery and will prompt banks to increase credit.
One of the most welcomed amendments in this Budget pertains to rationalisation of dividend taxation provisions, which faced teething issues when the government abolished dividend distribution tax and shifted to the classical dividend taxation regime last year.