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 Does it really matter for your personal financial planning decisions?


The Union Budget is one of the most closely followed events in India, and its impact is felt by almost all Indians.


 However, managing your personal finances is a lot more than just about taxes.

It is important to be aware of taxation rules, but budget announcements should not be over-focused on when planning investments.

Young earners should focus on things such as calculating their surplus after expenses, having adequate term life insurance and a contingency buffer, and setting realistic goals with proper investment plans.

Budgets are not in our control, so we should focus on what we can control.


Investing in the wrong product solely for tax savings should be avoided.

Budgets may have short-term impacts, but they won’t alter long-term plans significantly.


Click here to know more about effect of budget in personal finance decisions.

Check here for more budget related stories.


Budget 2023: How does it affect your personal finance decisions?

It does matter to an extent as many announcements about taxation and investment schemes do impact how your income, capital gains, etc. would be taxed. However, managing personal finances is a lot more than just about taxes.

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I-T department to conduct scrutiny where assessees failed to respond to taxmen's notices

<ul><li>The department will also undertake cases for scrutiny where specific information regarding tax evasion has been provided by any law enforcement agencies or regulatory authorities.</li></ul>

Maruti Suzuki expects production loss in Q1; anticipates some relief from July

<ul><li>The country's largest carmaker has been facing a shortage of chips for a while which has impacted its supplies to cater to the market demand.</li></ul>

Mcap of 7 of top-10 most valued firms jumps ₹1.51 lakh crore; Reliance, TCS biggest gainers

<ul><li>While Reliance Industries, Tata Consultancy Services (TCS), Hindustan Unilever, ITC, Infosys, State Bank of India and Bharti Airtel made gains in their market valuation, HDFC Bank, ICICI Bank and HDFC faced erosion.</li></ul>

FPIs invest ₹37,316 crore in May on strong domestic macro fundamentals, reasonable valuation

<ul><li>This is the highest investment by FPIs in the last six months. Before this, they made a net investment of ₹36,239 crore in equities in November 2022, data available with the depositories showed.</li></ul>

Global trends, macroeconomic data to drive equity markets this week: Analysts

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<ul><li>On the global front, the US debt ceiling issue holds significant importance, alongside US macroeconomic indicators, movement of the US bond yields, the dollar index and crude oil prices, said Santosh Meena, Head of Research, Swastika Investmart Ltd.</li></ul>

Budget 2023: How does it affect your personal finance decisions?

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