Hiren Ved, Director & CIO, Alchemy Capital Management says demonetisation has pushed the growth recovery by a couple of quarters and it is likely to pick up only in second half of CY17.
In a chat with CNBC-TV18's Ritu Singh, MD & CEO Ashish Chauhan says an ideal tax framework must be worked upon now to prevent capital market transactions.
We are quite positive about the changes which are being made on the economic front.. There are many incremental changes which are taking place and that is very heartening, says Prakash Nene of Multiples PE.
The mutual fund sector has mixed feelings about Budget 2013. While some of them are happy with the liberalisation to the Rajiv Gandhi Equity Savings Scheme (RGESS), others are shocked with the move of hiking Dividend Distribution Tax (DDT) for debt funds. CNBC-TV18‘s Mitra Joshi and Farah Bookwala report.
Vallabh Bhanshali, Chairman, Enam Securities Pvt Ltd says the FM has done more good than bad. One is boost to investment climate and two, initiatives like the two new corridors.
After today's economic survey, all eyes are on the Finance Minister, who will present The Union Budget for 2013. The economic survey today managed to uplift the negative sentiments for the short-term.
There has been some talk that the Budget could levy a commodity transaction tax (CTT). Jayant Manglik, President at Religare Securities in an interview to CNBC-TV18 says he would be surprised if the Finance Minister tried to impose CTT in the upcoming Budget.