In chat with Anil Singhvi, IIFL Chairman Nirmal Jain says Budget 2021 proposals are excellent news for the market
Right at the outset, IIFL Chairman Nirmal Jain said 'Congratulations' to everyone over Budget 2021 proposals. The reason behind it was that this Budget is not only good for India but also for the citizens of India. Market participants were worried about taxation issues in the form of Covid Tax, Wealth Tax, Long term capital gains tax or super-rich tax.
Focus on capital expenditure which has increased by 35% to 5.4 lk cr is a great news for Indian Economy, Jain said. In the past 2 years we noticed that capital expenditure reduced from 18% to 16%: Zee Business