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Last Updated : Feb 01, 2019 06:31 PM IST | Source:

Budget 2019: Strong support to farmers, but fiscal slippage looms, says G Pradeepkumar

Slippages on fiscal deficit is a cause of worry.

G Pradeepkumar

G Pradeepkumar, Chief Executive Officer (CEO) of Union Asset Management Co Ltd gives his likes and dislikes about the Interim Budget 2019-20:

What works:

- 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

What does not work:

- Slippage on fiscal deficit
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First Published on Feb 1, 2019 06:31 pm
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