Upcoming Budget Expectations of 2020.


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Uploaded on Feb 5, 2020

PPT on Upcoming Budget Expectations of 2020.

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Upcoming Budget Expectations of 2020.

UPCOMING BUDGET EXPECTATIONS OF 2020 FOREIGN INVESTORS • Eliminating the dividend distribution tax • increase the investment limit for FPI in corporate bonds to 15 percent from 9 percent. • Tax exemption for sovereign wealth funds EDUCATION • Education fund of Rs 94,800 crore for improvement of schools and higher education programs. • The higher education budget allocated for institutions including IIT and IIM has witnessed a downward trend over the years. So there is a positiveness looking forward. AGRICULTURE • In the pending spending plan, it is normal that the legislature would take a gander at Direct Benefit Transfer for Agri input endowment utilizing Aadhaar linkages in order to kill spillages. HEALTHCARE • The allocation for healthcare sector has seen a modest rise of 5.7 percent in Budget 2020 over last year's outlay at INR 67,484 crore. • So the expectation for healthcare industry is to get a good health related outputs. INFRASTRUCTURE • Adaptation through the exchange of existing Government foundation ventures with stable client or cost charges to resource aggregators/financing stages are probably going to develop as a key road for expanding private investment • So better infrastructure in terms of good roads, sanitation etc. are expected. FOOD INDUSTRY • India's nourishment service has looked for in excess of 2 trillion rupees ($28.1 billion) to run the world's greatest nourishment welfare program in the monetary year starting April 1, three government sources said. TAX DEDUCTION • Aside from individual assessment rate cuts, charge help might be given by actuating citizens to place cash in different reserve funds/venture plans concentrating on retirement arranging, lodging and instruction. NBFC SECTOR • Non-banking account organizations (NBFCs) have looked for setting up of a perpetual renegotiate window for the division in the Union Budget, which they state will assist them with differentiating their financing sources. Eligibility limit of NBFCs for Debt Recovery reduced. Hence flexibility in terms of venture loans is definitely expected. TAX BENEFITS TO SENIORS • Retirees trust the spending builds as far as possible for bank stores, have items that give swelling beating returns and better financial administrations Super senior citizens, aged 80 years and above, income of up to INR 5 lakh is exempt from tax. Income from 3-5 lakh is taxed at 5%