Jan 29, 2022

Budget 2022 - Consolidated list of Expectations

Budget for the year will be on 1st Feb. I have been going through various articles on the net on what the expectations are from various people. Here is a consolidated list.

  • Policy to boost liquidity support to NBFCs 
    • Shachindra Nath, Executive Chirman UGRO
  • Relieve traders of the securities transaction tax (STT)
    • Puneet Maheshwari , Director Upstox
    • Parth Nyati, Founder Tradingo
  • Hike standard deductions from Rs 50,000 to Rs 1,00,00 
    • Puneet Maheshwari , Director Upstox
  • Remove concept of Speculative Income
    • Puneet Maheshwari , Director Upstox 
  • Tax exemption upto Rs 1,00,000 lakh on short term capital games
    • Puneet Maheshwari , Director Upstox 
  • Tax exemption on dividends up to Rs 50,000 for senior Citizens
    • Puneet Maheshwari , Director Upstox 
  • Reduce TDS to 7.5% for all
    • Gunish Jain, CEO BlueKaktus
  • Reduce TDS to 2.5% for SMEs
    • Gunish Jain, CEO BlueKaktus
  • Revise GST on software services to 12%
    • Gunish Jain, CEO BlueKaktus
  • Reduce logistics cost from 14% of GDP to 8-10% of GDP
    • Kushal Nahata , CEO FarEye
  • Increase investments in AI, ML and Blockchain
    • Kushal Nahata , CEO FarEye
    • Puneet Gupta , MD NetApp
  • Tackle high inflation
    • Manish Aggarwal, Director Bikano & Bikanervala
  • Rationalize GST rates
    • Manish Aggarwal, Director Bikano & Bikanervala
  • Reduce GST slab for CNG fuel from 18% to 5%
    • Suyash Gupta, Director General Indian Auto LPG Coalition
  • Reduce GST for LPG conversion system from 18% to 5%
    • Suyash Gupta, Director General Indian Auto LPG Coalition
  • Build a countrywide cycling infrastructure - 
    • Pankaj Munjal, Chairman & MD Hero Motors
  • Subsidize R&D to promote Make In India. Only 0.6% of GDP is allocated to R&D
    • Ashok Rajpal, CEO Ambrane
    • Sandeep Narula, Chairman Electronics and Computer Software Export Promotion Council
    • Mahendra Patel, Managing Director Lincoln Pharmaceuticals
  • Compliance should be simplified and unnecessary legislation should be phased away
    • Ashok Rajpal, CEO Ambrane
  • Lowering of GST rates on raw materials for Electric Vehicles
    • Uday Narang , Chairman Omega Seiki Mobility
  • Transparent and progressive regulations that clearly differentiate games of skill from those of chance
    • Sunil Yadav, CEO PlayerzPot
  • Clarification on data privacy and third parties to safeguard user privacy
    • Sunil Yadav, CEO PlayerzPot
  • Increased investment towards boosting tourism infrastructure - 
    • Pallavi Agarwal, Founder goSTOPS
  • Hike 80C exemption limit
    • CEO BankBazaar
  • Reduce GST of 18% on health insurance
    • CEO Bank Bazaar
  • More support on education
    • Sahil Sheth, CEO Lido Learning
  • Taxation slabs and GST to be streamlined
    • Adetee Agarwaal, CEO PinkAprons
  • Remove import duties on cotton - 
    • Apparel Export Promotion Council


Sources : 

No comments:

Post a Comment