Khara said the budget has rightly recognised the role of core equity capital in financial sector by increasing the FDI limit in insurance companies to 74%.
The Finance Minister has let the personal income tax regime remain as is it. She has chosen stability in the tax regime over repeated tinkering with the tax structure.
Uday Kotak, Anand Mahindra, Kiran Mazumdar-Shaw and Harsh Goenka showered praises on Nirmala Sitharaman for delivering a growth-oriented Budget.
Lakshmi Iyer of Kotak Mutual Fund also labelled the budget 'pragmatic' for its spending in the right places.
As part of the Money9 Budget conclave, Shailesh Pathak, CEO, L&T IDPL, in a chat with Sakshi Batra elucidates what the Budget means for the common man.
In the last of six pillars of Budget 2021, Finance Minister Nirmala Sitharaman outlined plans for reforms to ensure minimum government, maximum governance.
Modalities of the NRF have been worked out and an outlay of ₹ Rs 50,000 crore has been announced for a period of five years.
Amendment to the Apprenticeship Act with a view to further enhancing apprenticeship opportunities for the youth.
“The budget looks growth oriented. Under present circumstances, the government has committed to a lot of spending, especially in the infrastructure sector," he told Money9.
Jewellers dealing in black market can save 5.5% tax (3% GST and 2.5% cess), much more than the earlier 3% tax, by undertaking cash deals.