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letter to finance minister
It is that time of the year when everybody is hoping that the Finance Minister has some good news for them in the Budget.
Read moneycontrol users' letters to the Finance Minister.

budget expectations

Fiscal consolidation

The fiscal deficit is arguably Arun Jaitley’s toughest battle as he prepares to present the Union Budget in late February. Defined as the difference between government expenditure and revenues, has already reached its full-year target well ahead of the year’s closing (Rs 5.24 lakh crore, or 4.1 percent of gross domestic product), thanks particularly to weak tax collection.

Not wanting to irk rating agencies or earn the tag of bein ...

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Expert Opinion

Do you think too much focus on meeting fiscal deficit target is hurting growth?

  • 67 % of them say YES
  • 33 % of them say No
  • 0 % of them say May be

Agriculture

Part of the reason why the government is struggling to meet its deficit target is also because of its struggle in pushing through its divestment program.

The government had intended to raise about Rs 58,000 crore through the fiscal (Rs 43,000 through stake dilution in state-run companies and another Rs 15,000 crore by stake sale in in private companies where government has a stake) but at the time of this writing, it has raised only a ...

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Expert Opinion

Do you expect a farm loan waiver in this Budget?

  • 12.9 % of them say YES
  • 84.2 % of them say No
  • 3 % of them say May be

Ease of doing business

Much has been said and done about this in the past several months the Narendra Modi government has been in power.

But Budget 2015 could further the cause that has clearly been very high on the PM’s priority. Towards that end, Jaitley could announce a host of measures such as related to tax reform (of which more below), or announce providing more teeth to bodies such as the Project Monitoring Group or set up online, single-window cle ...

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Expert Opinion

Do you expect the government to improve the ease of doing business in India?

  • 51 % of them say YES
  • 44 % of them say No
  • 5 % of them say May be

Jobs

As of one statistic, the economy needs to create 12 million every year only to keep up with the youth that are entering the workforce – when the record over the seven years to 2012 (where data is available) has been about 1 million per year.

A broader issue that cannot be tackled with one specific push or initiative, higher job creation would result from steps the government will take to boost manufacturing, create infrastructure an ...

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Expert Opinion

Do you expect the Budget to have any drastic measures to accelerate job creation?

  • 27 % of them say YES
  • 71 % of them say No
  • 2 % of them say May be

Infrastructure

A sustainable higher growth path cannot be achieved without taking steps to boost the country’s creaky infrastructure.

Towards that, not only does the government need to increase spending on infrastructure, it also needs to announce steps to fast-track decision making in the sector, lowering cost of capital and encourage private-sector investments by streamlining rules and providing a definite framework for PPPs.

In the l ...

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Expert Opinion

Has the Modi government achieved its promise with respect to pushing infrastructure?

  • 57 % of them say YES
  • 29 % of them say No
  • 14 % of them say May be

Tax reform

The government has made definite progress on the goods and services tax (GST) in the last few months and it will almost certainly be rolled out from April 1, 2016. Now the market would look for details on it: with respect to goods that will come under it (or be exempted) and importantly, what the crucial revenue-neutral rate -- which has the potential to make or mar the tax reform -- would be.

There are other issues that corporates ar ...

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Expert Opinion

Do you expect the FM to positively surprise the salaried class with tax breaks?

  • 66.3 % of them say YES
  • 16.8 % of them say No
  • 16.8 % of them say May be

PSU Bank reform

In early January, the PM and the FM met honchos of state-run banks in a summit to brainstorm how India’s staid public-sector banks can be brought on par with their private banking peers but beyond word of greater autonomy, not many definite details were announced.

The Budget would serve as the perfect place to announce any steps that were discussed at the meet: be it letting banks overhaul their hiring policies, infusing greater cap ...

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Expert Opinion

Do you see an improvement in the health of PSU banks by end of FY17?

  • 19 % of them say YES
  • 78 % of them say No
  • 3 % of them say May be

Healthcare

A deep, well-functioning capital market serves as a solid base upon which businesses can thrive and towards this, the FM can take several steps to boost both the stock and the bond market.

For the stock market, the government could look at providing the regulator, Sebi, with more teeth to prevent and take action against market frauds, take steps to boost retail participation into equities (by allowing long-term PF/pension funds to inv ...

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Expert Opinion

Is the government doing enough to improve the quality of public healthcare services?

  • 47 % of them say YES
  • 49 % of them say No
  • 4 % of them say May be

Subsidies

The halving of crude prices (and the subsequent deregulation of diesel pricing) in recent months has afforded the government some breathing space with respect to subsidies but it still has a lot of ground to cover before it can claim it has solved the riddle.

By aiming to restart the direct benefit transfer (the Jan Dhan Yojana and Aadhaar push should help in this regard), the government will hope to cut down on some wasteful LPG subs ...

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Expert Opinion

Do you see a reduction in FY17 subsidy because of low crude and direct benefits transfer?

  • 91 % of them say YES
  • 6 % of them say No
  • 3 % of them say May be

Education

High prices, the Achilles’ Heel of the Indian economy for the past many years, have finally appeared to come down under control -- thanks largely in part to the collapse in international commodity prices and the high base effect.

But economists would like to see more structural steps being taken to counter India’s chronic inflation problem: such as streamlining of agriculture procurement laws, an overhaul of the Food Corporation, ...

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Expert Opinion

Is a higher Budget allocation the solution to improving the quality of basic education?

  • 90 % of them say YES
  • 10 % of them say No
  • 0 % of them say May be

Black Money

High prices, the Achilles’ Heel of the Indian economy for the past many years, have finally appeared to come down under control -- thanks largely in part to the collapse in international commodity prices and the high base effect.

But economists would like to see more structural steps being taken to counter India’s chronic inflation problem: such as streamlining of agriculture procurement laws, an overhaul of the Food Corporation, ...

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Expert Opinion

Do you expect measures to boost cashless transactions?

  • 53 % of them say YES
  • 20 % of them say No
  • 27 % of them say May be

Experts Expectation from Budget

sectoral report

voices
Expect govt to boost Make in India by giving higher tax deduction on capex

Ravi Shankar Prasad

Law and Telecom
Government of In

I dont completely discount the BSNL-MTNL merger but as of now my main focus is to reviving the health of these two companies.

Adrian Mowat

Chief Asian & Em
JP Morgan

Budget is very positive; emphasis on kick starting the economy by spending on infrastructure. Lot of people will like it.

Ganti Murthy

Head of Fixed In
IDBI Mutual Fund

After a pre-budget economic survey suggesting the need for big bang reforms for ensuring high growth, the budget did not contain any major reform measures.

Pramod Chaudhari

Chairman
Praj Industries

The budget gives \'long term\' direction by way of reducing Corporate Tax from 30% to 25% which is definitely welcome.
Equity Current %Gain
Ashok Leyland 81.10 16.27
Eicher Motors 17606.00 8.50
Bajaj Auto 2331.15 7.83
Cummins 930.00 3.72

budget and the market

market outlook

budget bets

company price

Tata Motors

Hold

275.65 -16.20

SBI

Sell

154.20 -4.75

SBI

Hold

154.20 -4.75

GAIL

Buy

332.30 -13.30

KPR Mill

Buy

670.00 -39.35

Bharat Elec

Sell

1122.15 -65.45

Sun Pharma

Buy

830.95 -25.65

Amara Raja Batt

Hold

861.00 -7.45

Cipla

Sell

541.00 2.15

Hexaware Tech

Buy

231.50 -11.20

Tata Motors

Hold

275.65 -16.20

SBI

Sell

154.20 -4.75

SBI

Hold

154.20 -4.75

GAIL

Buy

332.30 -13.30

KPR Mill

Buy

670.00 -39.35

Bharat Elec

Sell

1122.15 -65.45

Sun Pharma

Buy

830.95 -25.65

Amara Raja Batt

Hold

861.00 -7.45

Cipla

Sell

541.00 2.15

Hexaware Tech

Buy

231.50 -11.20

tax corner

Surabhi Arora

Associate Director | Colliers International

Enter annual income

insurance corner

Naval Goel

Founder & CEO | PolicyX.com

Adhil Shetty

CEO | BankBazaar.com

Steven Fernandes

Owner | Proficient Financial Planners

mutual fund corner

Nilesh Sathe

Director & CEO | LIC Nomura Mutual Fund

Prashasta Seth

CEO | India Infoline Asset Management

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