Budget: Covid cess is coming, it is pouring into the pockets of the rich ...

-

Ahmedabad. 19 January 2021, Tuesday

Counting days are now left for the budget. Ever since the finance minister said that a budget that no one could have imagined would come, people, especially in the markets, have been expecting a radical change. Kovid is expected to keep the government's hands tied, but the finance minister is looking more enthusiastic.

During Kovid's time, the fortunes of many companies increased four to five times. The idea that the rich have become richer has prevailed. In these circumstances, it is believed that the government's focus will also be on digging into the pockets of the rich. According to one estimate, Finance Minister Kovid is considering a cess that will have a direct impact on those with more wealth. It is also considering imposing a vaccine tax to cover the cost of vaccines.

Experts believe that the government will try to replenish the empty coffers by imposing a cess or surcharge.

Possibility to accept CCT tax removal request

The proposal to abolish commodity transaction tax in the budget is likely to be implemented. The government can take steps to remove restrictions on CCT as well as hedging. Commodity experts say a demand has been made to the finance minister to remove the CCT. The government is believed to be keen to promote trade related to commodities.

It was suggested that the SCCT needs to be re-examined. Now that the government has given it priority, the possibility of CCT being removed has increased. The main purpose of the CCT was to control the futures market. When it was implemented, it had a direct impact on the futures markets of MCX and NCDX.

New legislation on hedging in commodities is also being considered. The commodity-related class is waiting for the winds of change to blow.

Paperless budgets and the proliferation of digital

Various experts are expressing their views on what kind of concessions the finance minister will give in the budget. It has also been announced that for the first time the budget will be paperless. The government is thus prioritizing the digital system. Seeing this move, it seems that the government will welcome the digital system more and make efforts to use it at every level.

Will Sitharaman be Manmohan Singh?

Ever since the Finance Minister said that the 2021 budget will be a radical change in the past budgets, there has been a bullish trend in the markets. The budget with radical change was given by Manmohan Singh in 19. After that, India's meaning system became global. No finance minister since then has been able to take bold action like Manmohan Singh. Now when Sitharaman talks about an unimaginable budget, people are wondering if Sitharaman will not do it with Manmohan?


Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more