NEW DELHI: Investors may be losing sleep over the re-entry of long-term capital gains tax on equities, but analysts feel that the worrylines are actually running deeper than you realise.
The mega ambitious healthcare scheme announced in the Union Budget on Thursday is one such point of concern — which aims to benefit 10 crore poor families for secondary and tertiary care hospitalisation. Sceptics are having a field day, wondering how the government will fund a programme with such a wide canvas.
Foreign brokerage BofA-ML noted that even if 5 per cent of beneficiaries claim half the intended amount, the total cost could swell to a whopping $20 billion – an amount the government may not have accounted for in the Budget.
The tax figures being touted by the government, according to brokerages , are a little ambitious. The Budget has projected a 19.1 per cent rise in indirect taxes on likely strong economic growth.
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