NE BUSINESS BUREAU
AHMEDABAD, FEB 3
Principal Mutual Fund Chief Investment Officer Rajat Jain on Monday appreciated the Finance Minister for the Union Government’s continued focus on rural areas and infrastructure in the 2020-21 Budget presented on Saturday.
“Given the slowing economy, the finance minister has tried to stimulate consumption by reducing tax rates esp. to the persons in the lower tax bracket. The continued focus on rural areas and infrastructure is welcome. The government has been reasonable in forecasting the nominal GDP and the growth in tax rates,” said Rajat Jain, CIO, Principal Mutual Fund on the Union Budget.
