The impending Exempt-Exempt-Tax scenario should propel families to invest savings and liquidity not solely to save income tax. The implementation of the DTC could redefine the taxation structure in savings instruments and rationalise tax sops for home loans.
Goals such as retirement should be given a holistic view of long-term asset creation by employing a strategic asset allocation and risk management regime. The additional tax savings to the extent of Rs 20,000 in infrastructure bonds to be notified by the government should be seen in this perspective where the lock-in period and impact of tax on redemption need careful study..
The Budget further consolidates
on the roadmap charted for a sustained high GDP growth of 9 per cent, with an emphasis on h
arnessing the economic growth to make development more inclusive and restructuring the government's delivery mechanism.
The government's determination to have greater financial inclusion, financial literacy and inter-regulatory cohesion would aid the process of a sustainable investment scenario, which will equally benefit the investing public and industry.
We expect the roadmap to the 2010-20 decade to open up more avenues for holistic financial panning by the Indian household.
Could you please explain to me the emboldened parts?