Gold kept in the safe can become capital and keep earning, Finance Minister can take such measures in the budget!

Budget 2025: Jewellery, gold coins and utensils kept in homes for generations are considered items of respect. Which people keep in the locker and pay the rent, but do not want to sell. These are sold only out of compulsion. The country has accumulated a lot of money in this gold kept in homes. These are called frozen savings. That means there is no income from them. Now, in view of the need for capital and investment for the development of the country, a debate has started on how to utilize it. Regarding this, there is a demand to make some such provisions in the budget of 2025, so that gold can be used as capital even when it is kept in the house.

Demand from Finance Minister Nirmala Sitharaman, this will be icing on the cake

Kotak Mahindra Mutual Fund MD Nilesh Shah has demanded to do something creative in the upcoming budget, so that funds can be raised from the gold kept in homes to prepare for future investments. Nilesh Shah believes that this will enable gathering of a large portion of domestic capital in the country and it will prove to be icing on the cake for this budget also. Nilesh Shah’s demand has come at a time when the preparation for the upcoming budget is in the final stages and efforts are being made to include suggestions from people from different sectors in the budget. Nilesh Shah has said that the global economy is moving from globalization to protectionism. Tariff is playing a central role in policy making. In the upcoming budget, priority should be set to promote domestic consumption in urban areas through tax cuts.

EMI burden on lower and middle class should be reduced

Nilesh Shah has also demanded to reduce the burden of EMI on the lower and middle class of the country. At the same time, a request has also been made to provide incentives for private investment. Along with this, to meet the economic needs of the government, it has advocated raising capital through disinvestment of companies outside the core sector.

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