India Budget 2021: Why it matters to NRIs too
Last year’s Union budget had revised norms on who qualifies as an NRI. In just a few hours, at 9:30am (UAE time), India’s finance minister Nirmala Sitharaman will be unveiling the country’s annual budget. The document is as important for the non-resident Indians as it is for the resident Indians, for the incentives it offers for savings and investments and taxes it levies on the income generated in India.
On Sunday, Khaleej Times hosted an online discussion with fours experts to know their views on what to expect and how can the Indian finance ministry encourage more participation of NRIs in the Indian economy.
Indian budget to propel economy and generate employment
Staff Report/Abu Dhabi Filed on January 31, 2021
An employee counts Indian rupee currency notes inside a private money exchange office in New Delhi. Reuters
The managing committee of the Institute of Chartered Accountants of India, Abu Dhabi Chapter, in talks with
The ICAI, Abu Dhabi Chapter feels that the government will come up with a mega budget which will support the common public in their daily lives as well as bring policies to improve the business environment and growth to become a $5 trillion economy.
During current times, everyone wishes to see a ray of hope from any corner of life. The Indian budget is on February 1, 2021 and we expect rays of hope from the various segments. The budget should be able to propel the economy and generate employment. The inflation needs to be contained as well at around five per cent.