Union Budget 2020-21
Public being mislead on Budget: PM Modi
Addressing the Bharatiya Janata Party (BJP) parliamentary party meeting, Mr Modi asked party MPs to highlight the Union Budget among people.
A ‘make-do’ Budget that adjusts to the slowdown
The Economic Survey of 2019-20, placed on the table of the LS on Jan 31, was arguing that there should be minimal state intervention in the economy.
Budget lacks vision, a golden chance wasted
Another great disappointment in the Budget was the new income-tax regime.
Modi govt chooses to consolidate on past reforms
After the initial reaction, expect investor focus to shift back on earnings and global cues.
Budget fails to address creation of jobs: Opposition
The ruling BJP though hailed it as “visionary and futuristic, growth-oriented and all-inclusive”.
Archaeological sites to be developed into iconic sites
In this context, the Budget proposed to develop five archaeological sites as iconic sites with onsite museums.
Near-term market volatility likely over unmet expectations
Given the constraints, the FM seemed to have been able to only partially meet some of the high expectations the market had.
A balanced Budget despite several constraints
The finance minister has been more realistic by assuming nominal GDP growth of 10% for FY 21.
Affordable housing gets tax holiday
In order to ensure that more persons avail this benefit and to further incentivise the affordable housing.
Fiscal deficit target 3.8 per cent
The deficit target for the coming fiscal year starting April 1 was widened to 3.5 per cent.