Sethurathnam Ravi's Insights on the Upcoming Budget for NDA 3.0 Government

Anticipated Similarities with Previous Budgets

This year’s budget is poised to set the tone for the NDA 3.0 government. According to Sethurathnam Ravi, the upcoming budget is expected to mirror the priorities of previous budgets, with a strong emphasis on infrastructure and capital expenditure (capex). S Ravi BSE suggests that job creation will be a central focus across all policy initiatives.

Sethurathnam Ravi

Emphasis on Infrastructure and Capex

The budget is likely to prioritize growth and enhancement of infrastructure and capex. The government plans to advance capex in the manufacturing sector through public-private partnerships. Sethurathnam Ravi BSE highlights that incentives for clean and green energy—such as electric vehicles, waste-to-energy technologies, green coal, and overall sustainability—will be significant. These measures are aimed at aligning with Bharat’s vision of a 'Vikshit Bharat' and achieving global sustainability goals.

Potential Infrastructure Status for Tourism and Hospitality

A notable development in the upcoming budget might be the consideration of granting infrastructure status to the tourism and hospitality sector. As the second-largest employment provider, this sector's inclusion could facilitate easier and more affordable funding, helping to meet the ambitious targets of attracting 15 million foreign tourists and 20 billion domestic travelers.

GST Rationalization and Potential Tax Reforms

With GST collections consistently rising each quarter, a rationalization of GST rates is anticipated. Changes, particularly in the clean and green energy sectors, could be introduced to support sustainable initiatives. Sethurathnam Ravi anticipates modifications in the new tax regime, potentially increasing exemption limits and introducing specific exemptions for health, pension, and education, thereby affecting personal taxation.

Revisions in National Pension Schemes

The upcoming budget may also bring changes to national pension schemes to alleviate the long-term financial burden on the government. Addressing employees' concerns and feedback will be crucial in shaping these revisions.

Focus Areas of the Budget

Overall, this budget is expected to be directional, with a primary focus on infrastructure development, job creation, and tax relief for the middle class. The strategic allocation of resources and policy adjustments are set to guide the country towards sustained economic growth and enhanced quality of life.