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Budget 2018-19 Reactions

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Reactions

Ramesh Damani
Member

There are a couple of bad news in this for retail investors and domestic investors. STT has not been removed and introduced long-term capital gains.

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Suresh Prabhu
Commerce Minister

Expected rise in export is about 15%. We have been seeing a gradual increase in exports. Economic Survey talked about export as a possible engine of growth and that is what we are working on.

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Vallabh Bhansali
Chairman

The market doesn\'t seem to suggest that it is disappointed at all. It took some time to understand but when you are getting grandfathering mechanism at the highest market ever been what is there to complain.

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Deepak Parekh
Chairman

What he has done, he had to do. Particularly everyone expected & it was known that emphasis will be on the rural economy, farmers, health, education & infrastructure & he has taken a lot of pain & time to explain what all has been done.

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Hasmukh Adhia
Secretary, Financial Services

With regards to LTCG tax, there is no reason to exclude a large chunk of income earned by people of about Rs 3.67 lakh crore in the last year out of the tax net.

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Hasmukh Adhia
Secretary, Financial Services

With regards to LTCG tax, there is no reason to exclude a large chunk of income earned by people of about Rs 3.67 lakh crore in the last year out of the tax net.

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Hasmukh Adhia
Secretary, Financial Services

With regards to LTCG tax, there is no reason to exclude a large chunk of income earned by people of about Rs 3.67 lakh crore in the last year out of the tax net.

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Ajay Srivastava
CEO

The entire amount of gains that we all have made in the last Bull Run is all safeguarded with zero tax, it has been a great relief to that extent.

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Udayan Mukherjee
Consulting Editor

One must not take today?s reaction at face value since it is too wishful to think that a LTCG tax plus fiscal slippage has been met with green on the Sensex on Budget day, tomorrow?s reaction key.

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Nirmal Jain
Chairman

Long-term capital gain (LTCG) tax will be taken in stride and will not have much impact.

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C Rangarajan
Ex-chairman

Unless the government ensures that the FY19 fiscal deficit of 3.3 percent is maintained, I think the credibility about the fiscal deficit numbers will go down.

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Adrian Mowat
Chief Asian & Emerging Market Strategist

The Budget could tell us about the political timing as opposed to give us guidance on which sectors to be overweight or underweight on.

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Manishi Raychaudhuri
MD, Asian Equity Strategist, HoR

If long-term capital gain tax is imposed it would hurt sentiment of all market participants.

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Gautam Chhaochharia
Head - India Research

If the Budget is populist along with high fiscal deficit expansion then it is worrisome but if the social schemes announced are within the contours of fiscal deficit then it may not be so worrisome

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Gautam Chhaochharia
Head - India Research

If the Budget is populist along with high fiscal deficit expansion then it is worrisome but if the social schemes announced are within the contours of fiscal deficit then it may not be so worrisome

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Neelkanth Mishra
Head of Equity Strategy India

Budget is likely to be a non-event as it has been in the past. It is just an arithmetic exercise.

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Maintaining fiscal stability, balancing both fiscal and economic growth key

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Maintaining fiscal stability, balancing both fiscal and economic growth key

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JP Chowdhary
Chairman

Expect an announcement in terms of Gold Board because there is no ministry representing the gold and jewellery sector

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JP Chowdhary
Chairman

Expect an announcement in terms of Gold Board because there is no ministry representing the gold and jewellery sector

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JP Chowdhary
Chairman

Expect an announcement in terms of Gold Board because there is no ministry representing the gold and jewellery sector

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Abheek Barua
Chief Economist

Would look for distribution of capital expenditures more towards growth as opposed to subsidies.

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Abheek Barua
Chief Economist

Would look for distribution of capital expenditures more towards growth as opposed to subsidies.

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2017 was a year of valour ? big reforms like GST, Bankruptcy Law, & Bank recapitalisation. So 2018 should be year of consolidation and the Budget has to send that signal that we have to consolidate the gains made last year.

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2017 was a year of valour ? big reforms like GST, Bankruptcy Law, & Bank recapitalisation. So 2018 should be year of consolidation and the Budget has to send that signal that we have to consolidate the gains made last year.

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With the economy on a recovery path, any acceleration on spending will give a further boost. So, market is bound to focus on what the government expenditure will be for FY18.

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With the economy on a recovery path, any acceleration on spending will give a further boost. So, market is bound to focus on what the government expenditure will be for FY18.

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Expect government to continue with its thrust on affordable housing and in that regards give more tax breaks.

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Expect government to continue with its thrust on affordable housing and in that regards give more tax breaks.

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Expect government to continue with its thrust on affordable housing and in that regards give more tax breaks.

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Ganesh Ayyar
CEO

Would like to see continued commitment to improved infrastructure and take more steps forward to unify regions.

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Suneeta Reddy
Joint MD

The macro picture is fast deteriorating ? at least it is not as attractive as it was back in the year 2016-2017. Do you think the hope-based rally could push the index towards record highs?

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