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The Budget has been applauded by experts and given adjectives such as growth oriented, futuristic, transparent and covering all grounds promoting capex.
Nevetheless, the key areas not covered include:
1. No personal tax - This was widely as anticipated given the fiscal constrains of the centre.
2. No revision in Section 80 C investment limit: To promote savings it was desired that 80C limit be enhanced but there was no step taken in the direction.
3. No sin tax announced: For goods such as cigarettes etc, there has been no sin tax take. So, stocks like ITC are trading up by over 3 percent and last quoted at a share price of Rs. 227.65 per share on the NSE.
4. No announcement for crude: The crude has been the best performing asset over a year period which has now scaled to over $90 per barrel and so the budget is also thought to be inflationary.
5. No privatisation of PSBs taken up in the Budget 2022 announcements: Also there has been no thrust on capital infusion in the sector.In Budget 2021, FM had announced a Rs 20,000-crore capital infusion for PSBs.
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