Monday, February 1, 2021

Budget 2021 : Quote by Mr. Arun Kumar, Head of Research, FundsIndia

“The budget has delivered on two major fronts - higher spending on capital expenditure and no increase in tax for taxpayers, corporates and equity investors. The other big structural shift was the announcement on the privatization of 2 Public Sector Banks and the proposal for an ARC/AMC - a new entity that will take bad loans off bank balance sheets and allow banks to focus on lending and supporting economic growth. Overall the budget sends a strong signal about the government’s intent to revive the economy with bold structural measures.”

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