Rakesh Sharma, MD & CEO, Lakshmi Vilas Bank on the Union Budget 2014
The Union Budget 2014-2015 is pro-growth, investor-friendly and savings oriented. The increase in basic tax exemption limit coupled with increase under Section 80C aims to leave Rs 1 lac of disposable income in the hands of tax payers. This should result in providing a boost to small savings. The budget encourages long term infrastructure lending …