Extend tax exemption to small savings depositors in Budget: Chandra Shekhar Ghosh

"Those who make savings deposits or fixed deposits up to Rs 1 lakh should be exempt from tax," writes Bandhan Financial Services CMD Chandra Shekhar Ghosh.

Chandra Shekhar Ghosh        Last Updated: February 22, 2015  | 11:07 IST

1. Extend tax exemption to small savings depositors

I would like this Budget to extend the benefit of tax exemption to small depositors. Those who make savings deposits or fixed deposits up to Rs 1 lakh should be exempt from tax.

2. Fund transfers under govt schemes should be time-bound

Move towards making cash transfers to poor under government schemes time-bound and sustainable in the long-run.  

3. Design government schemes for poor that encourage enterprise-orientation

Linked to the earlier point, design schemes for the poor that encourage them to become enterprise-oriented or entrepreneurial.

Chandra Shekhar Ghosh is Chairman & Managing Director at Bandhan Financial Services Pvt Ltd

As told to E. Kumar Sharma

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