Infra, agriculture to benifit from Budget: Bonanza

According to Avinash Gupta, Assistant Vice President Research Equity of Bonanza Portfolio, segments likely to get benefit from the budget are those related to infrastructure and industries related to it (construction, cement and steel), agriculture related industries and industries linked to domestic consumption (Consumer Durables, FMCG, Media & Entertainment, Retail).

Bonanza Portfolio - Budget 2010-11

The budget presented by the finance minister was a pleasant surprise. The key aspects of the budget are:

1.The government is keen to ensure that growth is not derailed.
2.The FM has maintained the commitment of reaching 5.5% of GDP as the fiscal deficit for the year FY11 and laid out a road map for future.
3.The reduction in the personal income tax by raising the slabs is positive.
4.The roll back in the excise duty cuts was in line with the market expectations.
5.The emphasis on Infrastructure and Agriculture continues
6.Government appears to be committed to the implementation of GST, New Direct Tax Code, Financial sector reforms and reforms in pricing of petroleum fuels. It has also reiterated the need for better targeting of subsidies.

The segments likely to get benefit from the budget are those related to infrastructure and industries related to it (construction, cement and steel), agriculture related industries and industries linked to domestic consumption (Consumer Durables, FMCG, Media & Entertainment, Retail).

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