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In this video, Sunil Gidwani, Partner at Nangia Andersen LLP, provides an in-depth analysis of the financial sector's expectations from the upcoming Union Budget 2023. As India aims to remain one of the fastest-growing economies in the world, it is crucial that institutions that provide capital are given the necessary support in the form of regulatory and tax reforms. The Reserve Bank of India, Securities and Exchange Board of India and International Financial Services Centres Authority have all implemented recent reforms and digital initiatives, but they require further emphasis in the form of fiscal incentives and simplification of compliances. One area that requires significant simplification is the tax rates and holding periods for different categories of investors for different securities and asset classes. Watch the video to learn more about the financial sector's expectations from the Union Budget 2023 and how it could impact the economy.
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