New Delhi: In a high atmosphere inflation Due to the high cost of living and high unemployment due to the COVID-19 pandemic, the government is expected to provide relief To increase disposable income for individuals and boost consumption will be introduced in the Union Budget FY23 Parliament on February 1
SMC Global Securities said in a report that the government may increase the standard deduction limit from Rs 50,000 to Rs 1 lakh.
It expects an increase in tax benefit on home loan interest and principal repayment by Rs 50,000, over and above the current levels of Rs 2 lakh and Rs 1.5 lakh, respectively. The government can give an interest subsidy of 3-4 percent on home loans for three years. The budget allocation for the railways is expected to hit a record high in the next financial year as the government gears up to support a major turnaround for the national transporter.
Apart from this, there is also a possibility of reduction in excise duty on petroleum products. The market is also looking for support measures for sectors such as housing, auto and auto ancillary, and PLI-related measures in several sectors. Government may announce asset monetization of Public Sector Undertakings (PSUs): National Monetization Pipeline (NMP).
SMC Global Securities said in a report that the government may increase the standard deduction limit from Rs 50,000 to Rs 1 lakh.
It expects an increase in tax benefit on home loan interest and principal repayment by Rs 50,000, over and above the current levels of Rs 2 lakh and Rs 1.5 lakh, respectively. The government can give an interest subsidy of 3-4 percent on home loans for three years. The budget allocation for the railways is expected to hit a record high in the next financial year as the government gears up to support a major turnaround for the national transporter.
Apart from this, there is also a possibility of reduction in excise duty on petroleum products. The market is also looking for support measures for sectors such as housing, auto and auto ancillary, and PLI-related measures in several sectors. Government may announce asset monetization of Public Sector Undertakings (PSUs): National Monetization Pipeline (NMP).
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