The Finapolis - February 2018
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In this issue
Arun Jaitley has unveiled a budget with an eye firmly on the next general elections and many other state elections that are slated to be held later this year. Higher tax relief on health insurance premium and hike of exemption limit of interest income from savings accounts, fixed deposits, recurring deposits are seen as clear positives for senior citizens. Technology, Telecom, Healthcare, Education, Insurance, Fintech, Infrastructure have all received a boost in the budget. Despite long-term capital gains tax (LTCG) on mutual funds, they still remain a good bet for investors as a diversified portfolio can easily offset the tax outgo. On the whole, the budget doesn’t have the luxury of being a blockbuster nor the vision of a grand plan to set new paradigms.
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