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Decoding the Union Budget 2019

DOWNLOAD PDF The recently announced budget can be summed up as the one targeted towards economic revival. Despite being an interim budget, it touched upon most issues that a regular budget would. It reflects a well calibrated effort to provide relief to the stressed sectors of the economy and extend financial benefits to large sections of the population, even while keeping the fiscal deficit under check. For instance, PM Kisaan Samman Nidhi will bring relief to around 12 crore small farmers who are facing hardships due to the stress in the farm sector. The tax exemption to those earning up to `5 lakh a year will make a positive difference to the lives of the large lower middle income class group. The Budget also brings 42 crore workers in the unorganised sector under pension coverage. These measures will effectively put more money in the hands of a wide cross section of people who drive India’s growth engine. While higher disposable income drives the impulsion to spend, I strongly urge you to not lose sight of your long-term financial aspirations. You must make every effort to save more money and channel it towards long-term investment avenues. With easy access to simple, yet powerful enablers such as systematic investment plans (SIPs), securing one’s financial future is well within the reach of everyone. This issue of Samriddhi provides all you need to know to not only invest your savings in a better manner, but also save taxes while doing so. Make use of it. As they say, a penny saved is a penny earned.

The recently announced budget can be summed up as the one targeted towards economic revival. Despite being an interim budget, it touched upon most issues that a regular budget would. It reflects a well calibrated effort to provide relief to the stressed sectors of the economy and extend financial benefits to large sections of the population, even while keeping the fiscal deficit under check. For instance, PM Kisaan Samman Nidhi will bring relief to around 12 crore small farmers who are facing hardships due to the stress in the farm sector. The tax exemption to those earning up to `5 lakh a year will make a positive difference to the lives of the large lower middle income class group. The Budget also brings 42 crore workers in the unorganised sector under pension coverage. These measures will effectively put more money in the hands of a wide cross section of people who drive India’s growth engine. While higher disposable income drives the impulsion to spend, I strongly urge you to not lose sight of your long-term financial aspirations. You must make every effort to save more money and channel it towards long-term investment avenues. With easy access to simple, yet powerful enablers such as systematic investment plans (SIPs), securing one’s financial future is well within the reach of everyone. This issue of Samriddhi provides all you need to know to not only invest your savings in a better manner, but also save taxes while doing so. Make use of it. As they say, a penny saved is a penny earned.