As Union Budget 2020 is round the corner, all eyes are on Finance Minister Nirmala Sitharaman. Now, the question is whether the common man will get enough attention from Sitharaman as the attention has turned to sectors like banking, NBFCs, real estate, and infrastructure, which are going through tough phases.
In the special edition of CNBC-TV18's ‘Money Money Money: The Budget Classroom’, Kalpen Parekh of DSP Investment Managers, Radhika Gupta of Edelweiss Asset Management, Ashish Shanker of Motilal Oswal Wealth Management, Mayur Shah of EY India and Parizad Sirwalla of KPMG India discuss income tax rates, deductions, taxes on investments, and housing.
Parekh said: “I am expecting it to be a growth budget which will trigger growth because that is something which is lacking in the economy. If we get back into growth and better jobs and better salaries, it automatically becomes an 'aam aadmi' Budget.”