The budget must address the distinct economic role played by women and play the role of a facilitator in increasing their share in the workforce by bringing back those who have left.
At present, 60% commutation is allowed under pension plans. However, if an individual does not commute, any amount and opts for 100% annuity, the pension received is fully taxable. The Budget should remove this anomaly.
Salaried sector has always been the highest tax paying segment historically. The government must look at reducing IT rate slabs for salaried employees.
There is an urgent need for the government to lend more support to startups who weathered the pandemic storm to continue to thrive.
Shashank Srivastava, Executive Director of Maruti Suzuki, told Money9 that the auto industry has huge expectations from the Budget, to be presented on February 1.
"We can now help the government in formulating the regulation. This is something that we have seen in other countries also," he said.
Budget 2021 should be aimed at improving credit access and enhance financial well-being by offering a wider choice of tax saving investments.
A demographic dividend can only be achieved if we have jobs, skills, and healthy people.
Benchmark equity indices BSE Sensex and NSE Nifty are likely to stay volatile on the budget day on February 1.