Opinion | How Budget 2021 can help India's savers
The need of the hour is a nudge towards long term savings. However, given the decades of familiarity with fixed returns, the concept of market-linked returns on a retirement product will take a while to be accepted.
The budget is just around the corner. Expectations from this “never before" like Union budget are many—will it give more tax relief to individuals or introduce a Covid-19 cess? Manufacturers have suggested the removal of a limit of ₹2 lakhs on interest levied on home loans or increasing the long-term capital gains exemption limit on equities from ₹1 lakh. But what does the aam aadmi want the most?