Quote on Budget 2026 by Akshay Gupta, Director, Prime Securities Ltd
Below the Quote on Budget 2026 by Akshay Gupta, Director, Prime Securities Ltd
"The budget aims to balance critical sector infrastructure requirements by providing incentives with fiscal prudence as indicated in the debt to GDP numbers.
The 3 great positives are 1) rationalisation in Income tax processes and assessments, 2) rationalisation of TCS and TDS for overseas expenses/remittances and NRI property sale and 3) focus on Critical minerals, semi-conductors, Agri infrastructure and fisheries.
The two negative reaction triggering aspects specifically for markets are 1) STT increase in derivatives-space (in line with SEBI report on retail investor losses) impacting equity markets and higher than expected Government borrowings impacting debt markets."
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