Our #Budget2020 reading list: Income tax rate changes won’t do much now but simplifying by removing exemptions could be good in the long run. Read @PrakharMisra and @SharmadhaS on how to improve the system at bit.ly/2OhQto4. Full paper: bit.ly/2RQbQiy
Infrastructure and jobs in focus as usual, with Rs 103 lakh crore investment promised for 6,500 infrastructure projects. Here’s @VaidehiTandel @PrakharMisra @SharmadhaS and @harshita_a94 with a paper on how to create jobs with an infra push bit.ly/2u9FA0D #Budget2020
Some #EaseOfDoingBusiness moves in the mix too. Decriminalising civil offenses will help build trust with corporates and strengthening contract enforcement is critical (@tinazmistry89 and @kadambari_shah on why this matters: bit.ly/3aYJABD) #Budget2020
Access to finance is hugely important for #EaseOfDoingBusiness (bit.ly/36RQXrb). Subordinate and quasi-equity loans to startups, and extension of the debt restructuring window for MSMEs are useful. But several hurdles at state level too. #Budget2020
FinMin @nsitharaman mentioned use of AI/ML in #AyushmanBharat and infra push for healthcare. Digital health is essential for healthcare for all. Private sector buy-in needed here as @DarthFager and @PrakharMisra argue: bit.ly/2uXkMJD #Budget2020
Housing for all in #Budget2020: Tax holidays for builders to encourage affordable housing projects. @VaidehiTandel and @gandhisahil argue that other measures like revising housing standards for reducing the cost of construction needed too. bit.ly/2RRd78V
On the supply side, “additional reduction of Rs 1.5 lakh for interest paid on home loans taken for purchase of affordable housing”. Similar incentives needed for renters too as @pritika13 @MunshiMeenaz and Rohan Shridhar argue here bit.ly/2u0OkX1 #Budget2020
And here’s @IDFCinstitute ’s report on a multi-pronged strategy for boosting housing supply: bit.ly/2tYKE89 #Budget2020
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