Yes Budget 2024: Various economists commented on the budget, this year's budget is special

Budget: While many were happy with the budget tabled on Tuesday, some disagreed with it. Popular CA Anil Mukim from Dhanbad likes Modi government's latest central budget and various economists also expressed their views on the budget proposal. He said the objective of the budget is to reduce the revenue deficit to 4.9% and improve the economic growth of the country and encourage capital investment for national development. The government is trying to increase revenue from the stock market by increasing capital gains and STT tax on futures options, which may impact investors but are considered essential to the economy. Funds have been earmarked for sectors such as infrastructure, security, employment, urbanization and rural development to ensure progress in all sectors. The support to MSMEs is commendable and he said how important MSMEs are for the development of the country. The finance minister plans to provide loans of up to Rs 100 crore to manufacturing companies in the region. This will help MSMEs to thrive. This move will help the manufacturing industry and increase funds. Another good idea is to digitize land records in cities, which will facilitate revenue collection. Proposed changes in income tax and GST laws and new income tax brackets will help low income earners. Also Read: Budget 2024: Economists Jean Trace and Harishwar Dayal give a big speech on the budget, lauds efforts for employment generation, Budget slams stock market on the issue, well-known economists discuss manufacturing, employment, agriculture, infrastructure, research and Gandhi Jaiswal said how the government is giving importance to digital commerce. He said measures such as tariff reduction and vocational training promotion are aimed at creating more employment and improving productivity. He also lauded the NPS Vatsalya scheme which focuses on securing the future of children. But the stock market is not looking too happy with the budget due to the increase in capital gains. Also read: 'I am happy that the finance minister read the Congress report after the election…' P. Chidambaram mocked the central government on the pretext of budget Yes Budget 2024: Opinion of various economists Budget, this year's budget is special appeared first on Prabhat Khabar.