2024-07-21 03:41:22 pm | Source: PR Agency
Quote on Pre-budget by Sanjay Sinha, Founder at Citrus Advisors
Below the Quote on Pre-budget by Sanjay Sinha, Founder at Citrus Advisors
“This Budget is expected to outline the 5-year vision of the Government and a roadmap to achieve it. I expect that there will be a lot of emphasis on infrastructure and job creation. It is likely that aided by the bountiful dividend from RBI and the spectacular tax collection of almost Rs 35 lakh crores in FY24 the FM may announce a fiscal deficit target of less than 5% for FY25. We have seen bond yields beginning to react after the inclusion of India in the JP Morgan Bond Index. A sub 5% deficit will enthuse the markets even more.
Further, All eyes will be on the allocation to defence, roads, railways and ports. The recent sectoral rally indicates that a lot of expectations have already built up around this space. A let down could bring the markets down in general and these sectors in particular. The market is also praying that the capital gains and STT will not be tinkered with. On the positive side, there is a very strong possibility that the income tax slabs will be raised and maybe some more relief will be granted via raising the amount of standard deduction and relief on home loan interests.”
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