Nirmal Jain, IIFL: Time for government to think big, take risks

Nirmal Jain, chairman and co founder at IIFL Ltd, believes that these are times for the government to think big and take risks in terms of announcing policy measures. In this edition of Capital Ideas, Jain points out that the government must focus on revival through creation of jobs and expects fiscal deficit for the year to come around 7-7.5 percent for FY21. Jain also thinks it would not be a great idea to bring in tax on long term capital gains which could deter investors from investing in the markets while a tax cut for the common man could bring some cheers