union budget 2022: Key focus of Union Budget 2022 should be on infrastructure development: Parimal Ade – Times of India

Union Budget 2022 is just days away. There are hectic parleys going on across the industry to push its demands to the Finance Minister Nirmala Sitharaman. The list is long, with each sector having its own wishlist. As the Big Day nears, we TOI Tech-Gadgets Now spoke to some prominent content creators on YouTube about the platform and their expectations from the upcoming Budget.
What made you pick YouTube as a platform?
One of our friends suggested we make some videos on investments and release it on Youtube. It was early 2016. Initially the response was slow but eventually people started liking it. Our initial focus was on financial planning and mutual funds. Then, demand for stock analysis related videos started to rise. And, we also noticed that there was higher engagement on such videos. So, we forayed into stock analysis videos too. Now, we have three channels. Yadnya Investment Academy, Parimal Ade & Investment Gappa with Parimal Ade.
What is the support that you have been getting from Google?
Everything related to managing our channel effectively. Their analytics tool is the best. It tells us about Reach, Engagement, Audience, Revenue, etc. They tell us what our subscribers are watching, when they are active on YouTube. This helps us in planning our content and reaching out to the maximum number of people.
What are your expectations from the coming Budget?
Focus should be on infrastructure development (Roads, Railways, Ports, SEZs). Another area that needs attention is education sector (spending should be more especially in rural areas). Incentives for improving healthcare should be provided like increasing the numbers of hospitals and medical colleges across India. Last but not the least, special impetus on clean and green energy initiatives.
Anything that you think FM can do and should do for retail investors?
Taxation slabs should be increased as more disposable income can help boost spending and help multiple sections of the economy. Tax benefits on home loan limits should be increased. Section 80C Limit should be increased from Rs 1.5 Lakhs to Rs 2-2.5 Lakh. Long-term capital gains holding period for equity should be increased from one year to three years as this will help instill long-term holding mindset for equity allocation. If the government increases this holding period, then there is no need to have long-term capital gains tax on equity. It can again become zero. To avoid speculative mindset, government can increase Short Term Capital Gains Tax on Equity to 20%.