Vivek Kaul: Does the budget signal a change in the government’s growth strategy?
1 month, 3 weeks ago

Vivek Kaul: Does the budget signal a change in the government’s growth strategy?

Live Mint  

In the stock market circles of Central and South Mumbai, the phrase ‘kya lagta hai’? This could potentially reduce the annual bonuses for the KLH crowd, which may explain their recent outpourings on the government needing to lower tax rates to increase disposable income, stimulate spending and boost companies, the stock market and the economy. In 2025-26, the government expects to earn ₹14.4 trillion through income tax, or 14% more than ₹12.6 trillion in 2024-25. One reason is that the booming stock market until September boosted securities transaction tax collections, which are expected to rise 63% to ₹55,000 crore in 2024-25. The government expects the stock market to keep filling its coffers, with the STT collections expected to go up 42% to ₹78,000 crore next year, at a time when trading volumes are falling.

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