Anand Radhkrishnan of Sundaram Mutual Fund feels the big beneficiaries from the budget may be private banks, real estate and related companies, and QSRs
While some argue that the incremental earnings will predominantly flow into consumer staples and discretionary spending, he believes the reality will be far more nuanced.
Budget 2024: Several measures announced to boost employment bode well for ITC, sparking hopes of a rise in demand for consumer staple products due to higher incomes.
Budget 2024: The government has reduced basic customs duty on mobile phones, mobile charger to 15%.
The budget must focus on India’s commitment to green energy and give a push to Green Hydrogen production, and carbon offsets, he says.
This budget should be the perfect platform to help India hit the $5 trillion economy target by 2025. Among other things, there is a compelling case to make investments in securities more attractive by introducing a uniform tax rate of 10% for long-term capital gains and 15% for short-term capital gains.
'Halwa ceremony' ahead of Budget 2022: Finance Minister Nirmala Sitharaman will kick off the celebrations by stirring the dessert in a traditional kadhai (cauldron) and then serve it to her colleagues.