Budget 2020 key theme: Boosting investments & non-tax revenues, capital formation

With less than a week to go for budget 2020, the government is all set with its plans to boost the economy. Promoting investments and creating capital will be the core focus areas.

Boosting investments and  promoting capital formation would be the dominant theme in the finance minister's speech on February 1, and hence proposals regarding LTCG norms, dividend distribution tax norms would be looked at to ensure higher capital formation, say sources to CNBC-TV18.

However, scope of relaxing personal income tax seems to be low because of challenging tax collections. The focus instead could be on boosting non-tax revenues via divestment and asset monetisation.