IGI Logo

Below the Interim Budget Quote by Alok Jain, smallcase Manager and  Founder WeekendInvestin

“The policy announcements encompass a broad spectrum of measures, including the retention of current income tax slabs and rates for companies and individuals. Notable provisions involve tax exemptions for startups extended until March 2025 and the withdrawal of tax demands benefiting 1 crore taxpayers. Infrastructure improvements feature the conversion of railway bogies to Vande Bharat standards. A substantial ?1-lakh crore corpus with long-term, interest-free financing aims to stimulate private sector R&D. Rooftop solarisation initiatives provide free electricity to 1 crore households. Overall, the announcements highlight diverse initiatives, from economic support to social development and infrastructure enhancements. The revised fiscal deficit for FY24 is set at 5.8% is a positive cue.”

Above views are of the author and not of the website kindly read disclaimer