Renuka Jain

Budget 2020 is much awaited event amidst more than needed negativity created by media and publish houses. I am confident that Mrs Nirmala Sitharaman shall one of the finest budgets this year to fix economy and another step towards 5 trillion economy Already in last three months many steps have been taken in this direction. Corporate rate cuts and liquidity to NBFC are the most important ones. Adding to this higher depreciation on cars bought till March 31 2020 helped in boosting car sales Here are few proposals which may be considered for the budget to boost consumption and lift market sentiment and higher growth Abolition of Long Term Capital Gain Last two years non of the asset class has generated returns for investors. Long term capital gain has proved to be big dampener for the broader markets and equity portfolios are all in Red. Capital markets form an integral part of Economy and also a feel good factor for investors. When capital markets shall create wea...