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Budget 2026 proposes capital gains tax exemption for Sovereign Gold Bonds only if purchased directly from RBI and held until maturity. Secondary market SGBs will lose tax benefits, aiming to reward patient investors over speculators, though bond prices fell sharply.
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News and Media
Market veteran Sunil Singhania noted that while the Union Budget initially disappointed, increased allocations to railways, defense, and infrastructure offer long-term growth potential. However, recurring tax changes, particularly to STT and capital gains, create investor uncertainty. Singhania emphasized the need for policy stability to attract foreign investment and support India's ambitious economic expansion goals.
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News and Media
LIC CEO & MD R Doraiswamy described the Union Budget as a visionary roadmap for India's ambition to become a top three global economy. He highlighted the focus on strategic industries, MSMEs, and rural income growth, expecting market sentiment to improve as the broader development push is assessed.
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News and Media
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