#DeepSeekImpact

The big event to watch this week is the union budget on the 1st of February Given the weakness in consumption, the growth slowdown and global uncertainty , this becomes a very important event for the stock markets this will also be the first full fledged budget of NDA 3 in prime minister modis third term and will set the tone for the next 3-4 years the biggest challenge for the government is the urban consumption slowdown due to high inflation and low wage growth what can the government do to increase urban consumption ? a cut in personal taxes there could be two major changes in the tax regime 1) Making annual income up to Rs 10 lakh entirely tax-free or 2) introducing a new 25% tax slab for income between Rs 15 lakh and Rs 20 lakh.