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Pune (Maharashtra) [India], January 8 (ANI/NewsVoir): The Union Budget 2021 will be announced on February 1, 2021, and there are several expectations in terms of subsidies, and tax cuts. This year s Union Budget is highly anticipated, as it would set course for economic recovery, after the unprecedented economic fluctuations witnessed in 2020.
The Reserve Bank of India took an accommodative stance, and reduced repo rates to a nine-year low, to infuse surplus liquidity to combat the economic slowdown last year. However, this resulted in a downward pressure on deposits, resulting in reduction of FD interest rates across different financial institutions.
Impact of Union Budget 2021 on investments