Chairman of CREDAI Jaxay Shah praises budget. He said,  “in my opion, It is a good budget. In a difficult year they have desisted from tinkering with tax slabs or introducing covid cess, super rich tax, inheritance tax etc. Leaves disposable incomes unchanged”. 

The Indian Government has proved its mettle by presenting a landmark Union Budget 2021–2022, which majorly focuses on post-COVID revival of the Indian economy. The budget will be considered as one of the best  in the last decade, as it rightly lays the foundation for the nation’s survival, revival and sustainability. It rightly prioritizes Healthcare, Infrastructure, MSME, Renewable Energy and Start-ups as the key drivers of India’s economic growth and prosperity. The key announcements have been well-received by most industry experts and thought leaders. The Budget is pro-citizen as the Indian Government has not levied any COVID cess despite the humungous Government spending to mitigate the impact of pandemic.

With healthcare gaining primary focus worldwide as the Covid-19 pandemic rages on, India has launched  its vaccination drives, which is clearly the largest in the world. Considering the same, the Government has strengthened the healthcare spending by 137% on Public Health and has allocated dedicated funds to the sector. Pertaining to the real estate sector, the exemption of Tax Holiday on Affordable housing projects till March 31, 2022 will be  a crucial step in fulfilling PM’s vision of  Housing for All by 2022. Additionally, the proposal  to make dividend payments to REIT (estate investment trusts) and Invit's (Infrastructure investment trusts) exempt from TDS along with exempting of duty on steel and copper scrap for a specified period is  a much required relief for the Affordable Housing sector which was ailing under immense stress owing to the pandemic. The creation of the Asset Reconstruction Management Company in the banking sector to transfer bad and stressed loans is a great reform which would reduce the stress on accounts of NPAs and bad loans.

This is clearly a budget for growth with next level reforms, focusing on the healthcare, infrastructure and financial sectors and establishes a stable tax regime and higher borrowing for CAPEX.The Budget 2021 – 2022 has laid the stepping stone for India’s post-COVID revival mission and has placed India on a global map in terms of resilient economic growth. 
 

Chairman of CREDAI Jaxay Shah praises budget. He said,  “in my opion, It is a good budget. In a difficult year they have desisted from tinkering with tax slabs or introducing covid cess, super rich tax, inheritance tax etc. Leaves disposable incomes unchanged”. 

The Indian Government has proved its mettle by presenting a landmark Union Budget 2021–2022, which majorly focuses on post-COVID revival of the Indian economy. The budget will be considered as one of the best  in the last decade, as it rightly lays the foundation for the nation’s survival, revival and sustainability. It rightly prioritizes Healthcare, Infrastructure, MSME, Renewable Energy and Start-ups as the key drivers of India’s economic growth and prosperity. The key announcements have been well-received by most industry experts and thought leaders. The Budget is pro-citizen as the Indian Government has not levied any COVID cess despite the humungous Government spending to mitigate the impact of pandemic.

With healthcare gaining primary focus worldwide as the Covid-19 pandemic rages on, India has launched  its vaccination drives, which is clearly the largest in the world. Considering the same, the Government has strengthened the healthcare spending by 137% on Public Health and has allocated dedicated funds to the sector. Pertaining to the real estate sector, the exemption of Tax Holiday on Affordable housing projects till March 31, 2022 will be  a crucial step in fulfilling PM’s vision of  Housing for All by 2022. Additionally, the proposal  to make dividend payments to REIT (estate investment trusts) and Invit's (Infrastructure investment trusts) exempt from TDS along with exempting of duty on steel and copper scrap for a specified period is  a much required relief for the Affordable Housing sector which was ailing under immense stress owing to the pandemic. The creation of the Asset Reconstruction Management Company in the banking sector to transfer bad and stressed loans is a great reform which would reduce the stress on accounts of NPAs and bad loans.

This is clearly a budget for growth with next level reforms, focusing on the healthcare, infrastructure and financial sectors and establishes a stable tax regime and higher borrowing for CAPEX.The Budget 2021 – 2022 has laid the stepping stone for India’s post-COVID revival mission and has placed India on a global map in terms of resilient economic growth.