India’s middle class, approximately 300 million, always looks up expectantly whenever the finance minister delivers the annual Budget speech in the Parliament. The announcements made by FM Arun Jaitley today had much for them. It encouraged Indians to save up more for the future. The biggest beneficiaries of this Budget would be the country’s National Pension Scheme and health insurance players.
Here are the key announcements that can help you plan your finances better. Ensure that your savings are made in the most appropriate instruments:
Sukanya Samriddhi Scheme is a very good initiative, but not for saving income tax benefit. The real motive completely different and I think govt could make it more specific by doing some contribution system as well. http://sukanyasamriddhiaccount.com
on May 15, 2015