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Budget 2022: What's Not Touched Upon In This Budget?
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.
