Budget 2021-22 - Government bites the fiscal deficit bullet to spur growth By Nirmal Bang
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Stimulus For Revival
FM has chosen to further stimulate economy through this budget
Fiscal deficit kept high at 6.8% for FY22BE and 9.5% for FY21RE
And spending is more diverted to capital Expenditure
The revival of Economy can benefit more to Financial, Capital goods, Infrastructure sectors in long run and there is no major up gradation of earning due to this budget.
As such key is implementation
Looking at liquidity infusion across the world risk to Credit rating down grades are limited
No Negative Is Big Positive
No Short term or Long term Capital gain tax change
No STT Change
No major Cess No increase in Individual / Corporate tax
No increase in Duty on even Cigarette No change in law related to FII
In fact changes to duty structure of any type is minimum in this Budget
Liquidity Infusion Is Still On In Developed Economy
2020 stimulus was 5 x 2008-09 stimulus In Dec
US approved $900bn stimulus plan In Dec EU approved $2.2 trillion stimulus plan
Recently New US president already announced plan of another $1.9 trillion stimulus to provide direct payment support to people And US again planning to announce $2 trillion accelerated Investment stimulus in February.
FOMC and ECB has promised to keep the interest rate at Zero for very long period to revive the economy
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://investmentguruindia.com/Disclaimer/nirmal.html
SEBI Registration number is INH000001766
Above views are of the author and not of the website kindly read disclaimer
Tag News
Budget 2023: How various businesses responded to PM Narendra Modi government`s growth vision...
