The Budget is focused on middle-class, employment, skilling and MSMEs. 2024, emphasizing support for the poor, women, youth, farmers and tax relief for the middle class. Reduction of taxes on short-term and long-term capital gains is a welcome move.
Likewise reduction of Corporate Tax for foreign companies will attract more foreign investments. Reduction of custom duties on gold & silver will bring some corrections in their prices.
Reduction of short term and long term capital gain tax is an appreciable step which will promote more deals in the full white economy. VTA welcomes the Union Budget as it underscores the critical role of youth upskilling as an economic driver, providing a much-needed thrust to India’s growing workforce and empowering the government’s Make in India initiatives.