Much has been anticipated from the Union Budget and most of us rely on it to plan our finances. However there is no need to wait for events like budget to plan finances. If we remain focus on our own financial goals, be disciplined about our own budget, we will create wealth irrespective of what FM does on in a particular Union Budget
Budget is broadly on expected lines. The numbers for the fiscal deficit are more realistic than they were for the last year, and with the rise in excise duty and service tax rates, should not be too difficult to get to.
The introduction of the Rajiv Gandhi Savings scheme is a clear positive for the equity market by way of increased long-term investor participation.
Budget is pragmatic. Capital market related measures such as Rajiv Gandhi Equity Saving Scheme and reduction in STT on delivery transactions will provide much needed impetus to attract small investors to the market.
Budget FY2012-13 failed to make any huge impact on the retail investors. UPA could have taken bold step before going for election however it maintained diplomatic stand. All in all, it has been a lackluster budget with many key areas untouched, reckons financial advisor Renu Pothen
Budget 2012 was more or less headed in a right direction. Read this space to know what the top-notches of Mutual fund industry think of Budget 2012-2013.
Budget 2012-2013 was a mixed rollercoaster ride for the retail investors. On one hand if personal income tax benefits have bought some cheers, the increase in service tax has forced to review their household budget. Read this space to know the full impact on retail investors.
Bulk of the employment in India is concentrated in the agriculture sector. In rural areas, agriculture constitutes up to 68% of the total rural employment. Approximately 81% female workers and 66% male workers in rural areas are engaged in agriculture.