Interim Budget 2019 Reaction - Mr. Ameen Khwaja, Founder & CEO - LatestOne.com

India is a consumer-driven economy, and the Union Budget 2019 will ensure a rise in private consumption. Announcement of agricultural sops to farmers, and Tax exemptions to the middle-class salaried sections, will put in more money in the hands of consumer, which would lead to enhance sales of goods and commodities.

Higher Data consumption and increased mobile phones penetration are the by-products of Digital Revolution, India is witnessing for the past decade. This increased accessibility to portable/mobile technology is shaping the economy at large in these times. The steps taken by the Government in this Budget will encourage enhanced consumption of technology-based consumer products that will lead to increased scope of business for online and offline enterprises like ours.

The GST exemption benefits to traders, manufacturers and service providers, along with Government enterprises sourcing from SMEs- at least 3% of which are owned by women, is a very progressive move. 'Make in India' with transparency in policies will tremendously help in ease of doing business, and will be hugely beneficial to small businesses or start-up enterprises operating from a urban or a rural setting, across the country.

In what can be perceived as a consumer-friendly move, the increase in non-taxable amount limit, in the standard deduction and in the TDS threshold on interest earned on bank/Post Office deposits will all pave a way for more consumer savings and enhanced power of buying among Indians.

Shares of Palred Technologies Limited was last trading in BSE at Rs.38.25 as compared to the previous close of Rs. 37.75. The total number of shares traded during the day was 6112 in over 94 trades.

The stock hit an intraday high of Rs. 40.9 and intraday low of 37.7. The net turnover during the day was Rs. 239890.

Source : Equity Bulls

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