What Budget 2021-22 means for India Inc

ECONOMY
- The big fiscal stimulus to support demand and economic recovery
- Rs 5.54 lakh crore capital spending and push to infrastructure to help revive investments
- Bad bank to address NPAs, allowing banks to focus on lending
- No direct help to stressed sectors could hit recovery, burden banks


INVESTORS & MARKETS
- No TDS on dividend payment to REIT/InvIT and lower treaty rates on dividends to FPIs to encourage investments
- MFs can see bigger inflows as tax rules rejig for ULIPs levels field
- Higher borrowing could raise interest rates, which in turn may hurt stock markets

BUSINESS
- Asset monetisation and privatisation of non-strategic PSUs to create multiple opportunities
- Further changes in customs duty to make domestic manufacturing more attractive
- Startups get a year more to claim tax holiday and an additional year of capital gains tax exemption

CONSUMERS & TAXPAYERS
- Consumers could see many goods becoming expensive but get no tax relief
- Relief for taxpayers as past assessment can be opened only for up to three years
- Difficult to evade tax on capital gains and interest; prefilled forms to include details