We all knew that, the budget is going to be presented in the parliament by the Finance Minister Mr. Arun Jaitley of newly formed BJP government. It may be announced the introductory budget on the 10th of July 2014 in the Parliament so that it can be passed before implementation.
What is Budget?
In simple words, it is all about the management of income and expenditure in such a way, that it will strengthen the financial condition as well as uplift the standard of living. While talking about the perspective of Indian government, budget is also called as ‘Union Budget Of India’. It is the Annual Financial draft or document or statement presented under the Financial and Appropriation Bill of the constitution. It is announced by the Finance Minister of the currently running government every year on last working day of the month February so that it can be executed on the first day of the financial year that is, 1st of April of the same year.
This is the draft or statement about all the accounts which includes both income or earnings and the expenses deals by the government in the current financial year (starts at 1st April and ends on 31st May). This is somehow like the complete budget but mainly covers the new laws or bills introduced by the government including changes in the taxes and policies to tackle the economic growth of the country.
What Investors Are Hoping From The Budget Presented By Mr. Arun Jaitley?
Mr. Shashank Khade, one of the famous investment advisors said that, “Indian investors at large are leanly invested in Indian equities and high net-worth individuals also have been focused on capital conservation and asset classes with certainty of returns have been favored over equities.”
In another statement, he added, “Equity as an asset class needs to be made more attractive to the common Indian investor who has forgotten this asset class as a means to build wealth. The disposable incomes of the middle class working population need a boost to combat inflation and to create savings. A pre-requisite for building Indian investor confidence is revival of India’s economic conditions.”
There is no doubt that, the budget expected by newly formed government must support the economic growth, anti-inflationary, and very well committed to fiscal consolidation. The population who elected the government and the media which alarms the PM and ministry about the sentiments of citizens on every decision are looking hopefully towards the budget and the policies reveled by the finance ministry on the decision day.