The finance ministry has tried to touch all the sectors and provided support to all the sectors including MSME and start-ups but ignored individual taxpayers. Healthcare has been given its due importance in this budget with over 135 per cent increased healthcare spending and increase in insurance sector FDI from 49 per cent to 75 per cent is a great move and will certainly help in boosting this sector. This move has come on current time as these are one of the most impacted sectors due to the current crises.
One of the highlights of this budget has been to attract NRI investment by allowing NRI entrepreneurs with ‘one-man company’ plan. Another important aspect was for proposing for the elimination of double taxes for NRIs on foreign retirement funds.