Sethurathnam Ravi's Insights on the NDA 3.0 Government Budget: Key Expectations and Impacts

This year’s budget will set the tone for the NDA 3.0 government. According to Sethurathnam Ravi, the upcoming budget is expected to align closely with the previous one.

Infrastructure and Capex: Sethurathnam Ravi's Forecast

Sethurathnam Ravi anticipates that the budget will prioritize infrastructure growth and capital expenditure (capex). Job creation will be central to all policies, with significant focus on enhancing the manufacturing sector through private-public partnerships. The government is likely to offer incentives for clean and green energy initiatives, such as electric vehicles, waste-to-energy projects, green coal, and sustainability efforts. These measures aim to align with Bharat’s vision of Vikshit Bharat and global environmental goals.

Tourism and Hospitality Sector: S Ravi BSE's Perspective

S Ravi BSE highlights the potential for the tourism and hospitality sector to receive infrastructure status in the budget. As the second-largest employment provider, this sector could benefit from easier access to funding at lower costs, which is crucial for achieving targets of 15 million foreign tourists and 20 billion domestic travelers.

GST Rationalization and Tax Regime Changes: Insights from Sethurathnam Ravi BSE

With consistent increases in GST collections each quarter, Sethurathnam Ravi BSE predicts that the budget may feature GST rationalization. Changes in GST rates, particularly in the clean and green energy sectors, are expected. Additionally, modifications in the new tax regime might increase exemption limits and provide exemptions for health, pension, and education, affecting personal taxation.

National Pension Schemes and Employee Concerns

The upcoming budget may also address changes in national pension schemes to reduce the long-term financial burden on the government. Sethurathnam Ravi notes that employee concerns will be considered, with feedback taken into account.

Overall, this budget is anticipated to be a directional one, focusing on infrastructure, job creation, and tax relief for the middle class.