Union budget 2018 has actually been a big picture budget. It has not been about the nuances of taxes and levies but it has been more about the macro issues and the focus areas for the government from an economic perspective. The following new initiatives in the Union Budget are critical from the long term perspective…
The message of the budget is not to be obsessed with the nuances of taxes and rather focus on the big picture. From that standpoint, the government has taken some meaningful initiatives. That the Nifty is holding above the 11,000 mark despite the disappointment over LTCG is testimony to the fact that the market does see value in this budget from a medium to long term perspective.
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