New Delhi : The financial year 2020-21 Nirmala Sitharaman is going to present the Union Budget on Saturday. People, investors, industrialists and analysts are expecting a lot from the budget. Experts say that to bring the country's GDP growth back to the same place in the economic sector, the government should take several steps to cut personal income tax, increase capital investment and ensure the availability of cash. This time, he has said to connect more and more women to the financial system.
Experts say that it will be very difficult to maintain steady growth without investment in the infrastructure related to agriculture sector. Nirmala Sitharaman also said that this time it is going to be very challenging for all the officials of the Finance Ministry to prepare this budget. The decision to cut income tax is a very difficult task in the midst of rising fiscal deficit, huge reduction in tax collection and rising inflation rate.
Economic affairs experts are advising that to increase consumption, we are recommending a reduction in income tax and corporate tax. In such circumstances, Himanshu Singh, Assistant Professor at Delhi University, says that the government should make some different efforts to develop the infrastructure of the agricultural sector. Increasing the infrastructure in agriculture is considered to be a very difficult task. To develop the agricultural sector, it is very important to develop infrastructure like irrigation facilities without which it will be very difficult to reach steady growth. He also said that the government should take several steps to promote capital investment.
Shilpi Johri Financial Planner believes that financial inclusion of women should be given due attention in the coming budget and many steps should be taken regarding this. The government should go in favor of women entrepreneurs, job-seeking women and for this more and more women will have to be brought into the financial system. Which will help the country's economy. Suggesting that women should be given some more tax exemption, the jeweler said that "there is a need to take steps in the interest of housewives too." Their labor force needs to be recognized because their energy and hard work are also taking place. ''