No new tax measures positive for equities
By IANS |
Published on
Tue, Feb 2 2021 13:42 IST |
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Tax.. Image Source: IANS News
New Delhi, Feb 2 : From an equity perspective, no new tax measures, focus on capital spending to boost infrastructure spend are the key positives, as per a post Budget note by IDFC Mutual Fund.
The use of Custom duty to nudge/push for domestic manufacturing is a clear extension of the ambitious PLI schemes announced over the last few quarters. This government, it appears, is determined to raise the share of manufacturing, while achieving the goal of India becoming a $5 trillion economy, the note said.
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