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Below the Quote on Interim Budget by Abhishek Banerjee, smallcase Manager &  CEO and Founder Lotusdew Wealth and Investment Advisors

“This was a fantastic budget and the focus was on next 50 years instead of next year. Right from thinking of GIFT city as a doorway to trade 300 years later to focus on a developed Bharat. Its not difficult to imagine that most of the 1 lakh crore interest free loans will go to states that support tourism which are primarily ruled by BJP. This ensures continued capex into states where BJP is in power. Agri as expected in terms of post-agri processing, fishreries and oil seeds stood out. The path to fiscal consolidation means Indian bond yeilds will remain range bound till election. Freeing up of tax litigations dating back to 1962 to benifit 1 crore tax payers and also free up department time to persue more serious offences. Finally, the dream to own houses for most renters will once fulfilled put downward pressure on rental assets - which is a positive for redevelopment schemes and relators in general. The goal to upgrade 40000 wagons - will see demand from various wagon processing companies - which continues to feed into the positive story around railways.”

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