Want to see how the benefits of demonetistaion are spelt out in the budget: SBI's Soumya Kanti Ghosh

With just two weeks left for the Union Budget, Firstpost spoke to Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India. He said the budget will be a perfect opportunity for the government to take the reforms to next step after the demonetisation exercise. More so, since the government has completed two and a half years in the office, the next two and a half years will be very crucial in the run-up to 2019 elections, and hence this particular Union budget is very important, says Ghosh.

SBI

SBI

It will help us to understand what’s in the government’s mind in terms of revenue mobilisation that will help take India to the next level, he said.

His expectation from the budget is that the government shouldn't be overly focused fiscal consolidation road map. The second thing he is looking forward to is how the government is going to prioritise revenue mobilisation and expenditure curtailment.

He said there could be sops in the form tax incentives for individuals like the scope of Section 80 C being enhanced. Besides this, some incentives for digital payments, tweaking of tax structure, and some extra tax benefits for senior citizens could be on the cards. Even sector-specific incentives for agriculture , housing, banking and infrastructure could be considered in this budget.

(Watch the whole interview in the above video).

For full coverage of Union Budget 2017, click here


Updated Date: Jan 25, 2017 17:50 PM

Also Watch

Watch: The true stories from Dharavi that inspired Rajinikanth's Kaala
  • Thursday, March 8, 2018 Watch: Cyrus Khan talks about Parkour, jumping across walls and why he hates sitting
  • Thursday, May 31, 2018 Unwind: India's basketball sensation Amjyot Singh has his eyes set on becoming an NBA regular
  • Monday, May 28, 2018 First Day First Showsha — Review of Solo: A Star Wars Story in 10 questions
  • Saturday, May 19, 2018 Social Media Star: Rajkummar Rao and Bhuvan Bam open up about selfie culture, online trolls

Also See