Extra deduction of 1.5 lakh on loans for affordable houses
Nirmala’s maiden Budget is all about incremental measures
Finance Minister Nirmala Sitharaman, in her maiden Budget on Friday, sought to tackle several pain points in the economy through incremental steps rather than opting for the spectacular announcement route.
One of the biggest announcements she made was of a 70,000 crore capital infusion in public sector banks to be used as growth capital, now that the legacy issues plaguing the sector have been addressed.
She also announced a slew of measures to ease the liquidity and regulatory problems affecting the NonBanking Financial Company (NBFC) sector, a key pain point in India’s economy at the moment.
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