Despite missing the revenue targets The Finance Minister Smt. Nirmala Sitharaman made efforts to balance it with Huge disinvestment rather privatisation the term she used in her speech. The target of completing 1.75 lakh crore disinvestment this fiscal is though challenging but it’s needed to stimulate the staggering fiscal deficit of 9.5%.
The start-up’s got another year for tax holidays, home loan buyers also got one more year to benefit from interest rebate on home loans.
The IT litigation would be largely reduced owing to the reduction from 6 years to 3 years.
Recapitalisation of 20k crore is not enough for NPA staked Banks, maybe she adds more later in supplementary budget. But the promotion for digital transactions is the right steps to achieving several goals.
