21-07-2024 03:41 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.”
Above views are of the author and not of the website kindly read disclaimer
Latest News
LEGOLAND? Malaysia Resort Partners with MakeMyTrip t...
Pre-Budget Expectation on Banking Sectors, Alternati...
Pre-Budget Expectation on Banking Sectors by Rajesh ...
ICICI Lombard First Quarter Results : PAT grows by 5...
Price heat, election jitters dent land deals in Q2 2...
Odisha: All party meeting held ahead of budget session
Quote on Pre-budget by Sanjay Sinha, Founder at Citr...
Vedanta Regains Control of Konkola Copper Mines in Z...
Quote on Pre-Budget by Mr Vijay Kumar Agarwal, the F...
Pre Budget Expectation on Real Estate by Nishka Chor...
Tag News
Pre-Budget Expectation on Banking Sectors, Alternative Investment Funds by Manoj Purohit, Pa...
More News
Pre Budget Expectation on Real Estate by Nishka Choraria, Vice President of Marketing at Cre...
Quote on EV Pre Budget Expectation by Mr Hyder Khan, Director & CEO of Godawari Electric Motors
Views on Pre Budget Expectation by Arun Kumar Nayyar, CEO and Managing Director, NeoGrowth Credit
Expectations from Union Budget 2024 - Web3/Blockchain Sector by Dilip Chenoy, Chairman, Bharat Web3 Association