Slippages on fiscal deficit is a cause of worry.
G Pradeepkumar, Chief Executive Officer (CEO) of Union Asset Management Co Ltd gives his likes and dislikes about the Interim Budget 2019-20:
- Significant boost to the middle class and for salary earners with increases in exempted income, standard deduction and limit for TDS
- Strong support for farmers
- Boost to consumption in general
- Can lead to increased flows, especially SIPs, to mutual funds because of higher disposable income
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