We expect the FM to present a much expansionary budget with major impetus on Infrastructure By Mr. Anmol Das,Teji Mandi
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Below Perspective On Budget Expectations By Mr. Anmol Das, Head of Research, Teji Mandi.
Populist and Expansionary - Probable theme of the upcoming Budget Session.
With so many industries putting up demands for incentives for their individual sectors, we expect the FM to present a much expansionary budget with major impetus on Infrastructure, Manufacturing, Defense and Export driven businesses. While these subjects will fulfil the business sentiments for increasing the gravity of India as an Investment destination, viewing the next year elections, FM Sitharaman may give some respite in the Tax Slabs and Exemption limits for direct taxes. Apart from these general expectations, other focussed areas will be Disinvestment targets not met over last several years, highly demanded in investment circles - change in durations of Capital Gains Tax, incentives for EV Charging station network development, incentives for initial encouragement for companies in Defense sectors for kick-starting indigenization of import banned equipments & ammunitions, etc.
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