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The budget has been a pragmatic and growth oriented one. It has given greater emphasis to support growth recovery by allowing some fiscal slippage. The budget has been an inclusive one encompassing different segments of the economy, but the focus was on infrastructure and healthcare (as expected), with higher allocation to these sectors. Fiscal slippage … Continue reading CIO Comments on Union Budget FY22Read More
Overall, the budget is inclusive–encompassing various sectors and sections of society, and also focusing on revival of the economy by increasing the disposable income in the hands of individuals, and thereby improving their purchasing capabilities. Income tax relief to aid in consumption recovery: Tax relief has been provided to individuals by introducing a new income … Continue reading CIO comments on Union Budget FY2020-2021Read More
Overall, the budget has tried to reach out to various sections of the society, and has been a balanced and forward-looking one—promoting ease of living. It has focused on segments like digital economy, infrastructure, and provided various benefits to electric vehicles–to increase penetration and adaption. For the digital economy, the government wants to promote digital … Continue reading CIO Comments on Union Budget FY20Read More
The incumbent NDA party won the general elections in 2019 with a strong mandate, and even bettered their performance from the 2014 elections. This will help the government in continuity in its reforms agenda, and possibly try out more bold measures to help revive economic growth–amidst the recent slowdown being seen, both domestically and globally … Continue reading CIO Article – Four key areas the Budget will seek to address & how it may impact usRead More
The Interim budget has been a pragmatic and well balanced one, benefiting various sections comprising of farmers, middle class, the unorganized sector etc. A farm package, the Pradhan Mantri Kisan Samman Nidhi, was announced with direct income support of Rs. 6,000 per year for those farmers owning up to 2 hectares of land. The budget … Continue reading Comments from Sampath Reddy, CIO on Interim Budget FY19-20Read More
Finance Minister Arun Jaitley has by and large done a balancing Act in the Union Budget 2015. While it created room for better profitability for corporates with the proposal for reduction in corporate tax, the Budget announced higher infrastructure spend to rev up the ailing economy as well as plans for maintaining the fiscal deficit at acceptable levels.Read More
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