Expectations Fervor

Expectations Fervor.


  Budget has long ceased to give any concrete measure… but is a statement of expected actions over the year and the term of the Government.

  Wish list is ver y large, expectations are ver y high -  will the Go vernment meet them?

  Expect the FM to give a roadmap for gradual reforms as against street expectations of   some major reforms at one go.  

  The budget will focus on  Social orientation and Growth v/s Fiscal prudence. 

  Some benefits on personal income tax, increase in exemption limit of home loan interest and some investment schemes to divert investment into infrastructure are expected.  

  Increased allocation to infra, healthcare and education spending to continue

  Tax amnesty schemes : Wild card 

  2% hike in excise and service tax is expected post 4% cut in excise through Stimulus I and II. 

  Some more announcements on GST implementation : States have conflict.

  Red flags: Fiscal deficit – a major concern; better tax numbers an outcome of recovery in the economy.

  While Budget might appear to have several disappointments, it will be a good one for long term.
 
Thanks
 
Regards,
Venkatesh,
Branch Head,
ITIFInancial Services Ltd,
Karaikudi.

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