Special focus on digital revolution is a need of the hour

“The Union Budget 2020 is a balanced approach given the various issues across the sectors.

The three pillars Aspirational India, Economic development and Caring development will provide an inclusive growth in coming years.

Special focus on digital revolution is a need of the hour. Increase of deposit Insurance coverage from `1 lakh to `5 Lakh per depositor will provide stability and safety to individuals.

Concessional corporate tax rate of 15 per cent to new domestic companies extended to power sector will provide much needed relief to the sector. The abolition of DDT and adoption of classical system of dividend taxation will provide ease of business. The adoption of new tax regime shall increase the disposable income of individuals, might lead to consumption pick up.