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Opportune time to fund economy through sovereign bond issue

Target of Rs 1.75 lakh crore for FY 2022 in Budget is quite conservative and can be very well overachieved.

Nirmal Jain, Chairman, IIFL Group
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Nirmal Jain, Chairman, IIFL Group

Nirmal Jain Mumbai
I would consider Finance Minister Nirmala Sitharaman's Budget this year as one of the best in recent times. The focus is on providing enough money for growth and investment which will create jobs and will aid faster economic recovery. In addition to that there has been no negative announcements for taxpayers or anybody for that matter, which has helped overall sentiment. 
 
The market is relieved and enthused about the fact that there is no Covid-19 tax, no increase in long-term capital gains tax, no wealth tax. The fear of multiple taxes was weighing but none of them have come true.