– The big fiscal stimulus to support demand and economic recovery
– Rs 5.54 lakh crore capital spending and push to infrastructure to help revive investments
– Bad bank to address NPAs, allowing banks to focus on lending– No direct help to stressed sectors could hit recovery, burden banks
INVESTORS & MARKETS
– No TDS on dividend payment to REIT/InvIT and lower treaty rates on dividends to FPIs to encourage investments
– MFs can see bigger inflows as tax rules rejig for ULIPs levels field
– Higher borrowing could raise interest rates, which in turn may hurt stock markets
BUSINESS
– Asset monetisation and privatisation of non-strategic PSUs to create multiple opportunities
– Further changes in customs duty to make domestic manufacturing more attractive
– Startups get a year more to claim tax holiday and an additional year of capital gains tax exemption
CONSUMERS & TAXPAYERS
– Consumers could see many goods becoming expensive but get no tax relief
– Relief for taxpayers as past assessment can be opened only for up to three years
– Difficult to evade tax on capital gains and interest; prefilled forms to include details
