The Finance Minister Nirmala Sitharaman’s second budget is perhaps the first Budget of the third decade of 21st century. Focusing on boosting consumption with a clear thrust on rural economy, there are several measures taken in the Budget, to transform India into a new trajectory of growth. Several proposals have been introduced to transform India through ease of doing business, quality infrastructure and the sprit entrepreneurship. Standing on three pillars – aspiration, economic development and caring society - this year’s budget offers very detailed road map to revive demand which has seen some erosion due to many reasons.
Considering the above, the Union Budget 2020-21 has tried to take a calculated path to revive demand and boost economic growth. The underlying assumption in the Budget’s economic strategy is that the economy appears to have bottomed out and is expected to pick up in 202021. For long term investors, this could be the right time to position their savings for expecting a decent return on their investments.
The Budget has given massive thrust to capital formation in rural sector. There are several innovative features in the Budget. The NBFC sector has been further supported in the Budget. A new scheme to provide subordinate debt with quasi-equity feature for entrepreneurs of MSMEs by the banks is also proposed. The Budget has also suggested digital refund of duties and taxes levied at the Central, State and local levels, which are otherwise not exempted or refunded for exporters. This will reduce the cascading impact of hidden taxes in inputs for exporters and increase the competitiveness of exports.
Denne historien er fra February 2020-utgaven av Investors India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra February 2020-utgaven av Investors India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
ASK THE EXPERT
Ques. One of my friends told me that your company provides detailed Retirement plans. I want to know what is the procedure to get my Retirement plan. I will be retiring in March 2025. R.P Gupta, Noida
How to Naturally Reverse Fatty Liver Disease
The liver, located on the upper-right side of the abdomen, is the body’s largest internal organ and plays a critical role in detoxifying the blood and processing nutrients.
Banking sector which has underperformed in the last two years, now offers a favorable risk-reward profile
Do you think the market is overpriced? Is yes, should investors refrain from investing in index schemes at the current valuation?
India will continue to enjoy benefits of a close US relationship and trade will continue to grow
Q1. The US elections are said to be one of the closest till date, what impact will the election of a Republican / Democratic party have on the US economy and how is that going to affect India in the short as well as the long term?
Understanding Momentum Funds
Momentum funds are a type of investment fund that focuses on companies experiencing positive momentum in factors such as earnings, revenue, and stock price movement.
Risks and opportunities associated with Small Caps
Small-caps are a stock-picker’s paradise.
How to navigate your portfolio through bull market a
Indian equities have been in a bull run for the past four years.
Choosing mutual fund schemes depending on your age to achieve life goals
The choice of mutual fund (MF) scheme might be influenced by one’s risk profile or age.
Thematic Fund Or Sectoral Fund, Which Fund Suits You?
A thematic fund is a type of mutual fund that focuses on investing in companies based on specific themes or trends.
Be Kind To Your Kidneys
The kidney is a vital organ in our body which is four inches long and two and a half inches in width.
