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Opposition Congress leaders expressed disappointment at the interim budget presented by Finance Minister Nirmala Sitharaman in Parliament today.
Congress leader Shashi Tharoor called the budget speech as ‘short’ and ‘disappointing’, and said this government has a ‘talent for dressing up its failures as successes’. He said, ‘The budget speech was short and disappointing. There was very little of substance. Lot of issues not touched upon -- the incredibly high unemployment -- you cannot talk of empowering the youth when 45 per cent youth unemployment exists in the country.’ Tharoor claimed that while Sitharaman talked about FDI, she did not acknowledge that FDI has gone down from 3.6 per cent in UPA's time to less than one per cent of GDP today. He also said there was absolutely no mention of any of the failures of the government.
Meanwhile, Congress MP Manish Tewari said, ‘This budget only has one motive, which is that the Centre can work easily in the first quarter of this fiscal year. The main topic of concern is that in the last fiscal year which will end on 31 March 2024, there is a budgetary deficit of Rs 18 lakh crore.’ Congress MP Karti Chidambaram said it was a mere administrative exercise to ensure that the government of India has the requisite funds to carry on its normal business until a new government is formed. Congress MP Gaurav Gogoi criticised that the budget did not include anything for the middle class and the poor.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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