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Union Budget 2021: Expert says put more money in hands of people, cut taxes

Finance expert and IndiaMoney.com founder Sudheer CS lists his expectations from Union Budget 2021. His wishlist for an economy emerging out of the Covid-19 pandemic include reducing home loan interest rates, more loans for start-ups and employment for unskilled labourers

Jan 20, 2021, 10:09 PM IST

IndiaMoney.com founder and MD Sudheer CS expects Finance Minister Nirmala Sitharaman to reduce taxes so that the economy can bounce back. 

Speaking to Asianet Newsable, Sudheer hoped that the Union Budget 2021 would put more money in the hands of the common man.

Hoping that the government should ensure the cycle chain continues and may cut down on taxes. Hinting at government cutting taxes on income up to 5 lakh of a flat 10% taxes on annual income from Rs 5 lakh to Rs 10 lakh. 

He also expects more funds for the start-up sector, as it produces 30% of employment and fresh loans to this sector as well as business houses. 

Other expectations include job opportunities for unskilled labourers, reducing interest on home loan, helping real estate sector thrive and thereby provide employment to unskilled workers in construction industry.