The Budget has been, on the whole, very encouraging. It has, by virtue of its various provisions, and has effectively increased the purchasing power in the hands of the people which would definitely be a positive factor for conspicuous consumption.The abolition of excise on branded jewellery will result in higher margins as the cost was absorbed by us since the branded jewellery was sold at fixed MRP on a pan-India basis.
Also, extension of the tax exemption by one year is a welcome step which enables us to plan one more year ahead. All in all, the direct and indirect benefits of all the factors mentioned above can be very encouraging and improve the bottom-line.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app