NE BUSINESS BUREAU
AHMEDABAD, JAN 25
Ahead of the Union Budget 2020, Rajat Jain, CIO, Principal Mutual Fund reveals the MF industry’s expectations from the Finance Minister.
“The Government should look at reviving consumption to help accelerate growth. The benefits available under Section 80 C can be potentially revised upwards as the Rs. 2,00,000 limit has remained static for a long time now. This would bring it in line with the increase in income over the years. Changes to the Long Term Capital Gains tax could help improve sentiment in the equity markets.
Spending on Infrastructure is the key to reviving growth. This should be driven by both – public and private investments. The markets understand that revenue growth has been below expectations and would not take it too amiss if the Government breaches the fiscal deficit targets so long as the increased expenditure is productive and goes to building infrastructure,” said Rajat Jain, CIO, Principal Mutual Fund.
