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The setting up of a separate Asset Reconstruction syndicate for dealing with the NPAs is a step in the right direction as it will aid better recovery and will prompt banks to increase credit.
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One of the most welcomed amendments in this Budget pertains to rationalisation of dividend taxation provisions, which faced teething issues when the government abolished dividend distribution tax and shifted to the classical dividend taxation regime last year.
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The inaugural launch panel included Nilesh Shah, Member, Prime Minister's Economic Advisory Council, Adhil Shetty, CEO of BankBazaar.com, Nithin Kamath, founder and CEO, Zerodha, Kamesh Goyal, founder, Digit Insurance and Rahul Chari, co-founder and CTO, PhonePe.
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On disinvestment target of Rs 1.75 lakh crore for the next fiscal year, Kumar said a lot of preparatory work has already been done in the past 8-9 months, and now market conditions have changed.
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Currently, withdrawal from overseas retirement funds by residents is taxable on a receipt basis in such foreign countries and on accrual basis in India, resulting in timing mismatch. A new Section 89A is proposed to be introduced to address this concern.
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In an interview with Money9, Rajiv Bajaj shares his views about the Budget and what it holds for the markets and the common man.
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Budget proposals Proposes to award another 8,500 kms and complete an additional 11,000 kms of national highway corridors. More than 13,000 km length of roads, at a cost of Rs 3.3 lakh crores, has already been awarded under the Rs 5.35 lakh crores Bharatmala Pariyojana project of which 3,800 kms have been constructed. Proposes 3,500 […]
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The acceptance of higher deficit and restoring systems to normal is the first step to any economic recovery.
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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%.
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Budget 2021 was touted to be a once-in-a-century budget. Unfortunately, and no matter what anyone says, this budget does not rise to the occasion.
