Budget Video

Eyes on 100-bps cut in CY13; fin, auto dull: Morgan Stanley

Sridhar Sivaram, MD, Morgan Stanley Investment Management explains on CNBC-TV18 that the 25-bps rate-cut by RBI was a welcome move and that the market expects 75-100 bps in repo cuts for rest of the current year of 2013.

RBI to pause in Mar, Budget won't be populist: Chetan Ahya

Chetan Ahya, MD at Morgan Stanley rooted for lower CPI (consumer price index) numbers to establish a case for further rate cuts. At this point, policy reforms from New Delhi are more meaningful than monetary policy action.

High CAD a concern; 25 bps lending rate cut ideal: Experts

To discuss the implications and the guidance held out by the RBI governor, Naina Lal Kidwai, country head, HSBC and Ficci President; Saumitra Chaudhuri, member, PM's Economic Advisory Council and Indranil Sen Gupta, chief economist-India, BoFA-ML share their view on today‘s rate cut.

Budget 2013: GST future still uncertain post committee meet

The future of GST remains uncertain. The empowered committee of state finance ministers is meeting in Bhubaneshwar. Yesterday there was consensus among states on the CST compensation.

Inflation key to next 25-50 bps rate cut in 4-6 mths: M&M

Pawan Goenka, President Automotive Sector of Mahindra & Mahindra (M&M), says that today‘s RBI announcement on repo rate cut and CRR cut was on expected lines. He feels 25 bps rate cut is a good move and if inflation remains under control then one can see another rate cut of 25-50 bps in next four-six months.

Liquidity, low interest rates will boost realty: Sobha Dev

"25 bps point cut in interest rate for real estate companies will translate into about 2 percent reduction in their overall interest cost outflow," says JC Sharma, VC & MD, Sobha Developers in an interview to CNBC-TV18.

RBI credit policy: 25-bps cut not big trigger; hold Tata Motors, says IL&FS

Vibhav Kapoor of IL&FS explains on CNBC-TV18 that the market could rally more if the commentary accompanying the 25-ps rate-cut was hawkish and discounted the 25-bps cut as being a major trigger for the market. He advises investors to hold on to Tata Motors.

RBI credit policy: RBI wary of CAD; hope for 25-bps cut: Credit Suisse

Robert Prior-Wandesforde of Credit Suisse explains on CNBC-TV18 that a 25-bps cut in rates is most likely. He highlights the underlying tug-of-war between the government and the RBI on boosting growth and the implementation of measures to control the current account deficit (CAD).

See 25 bps cut tomorrow; expect friendly budget: CLSA

As the street gears up to hear the Reserve Bank of India announce its first cut in prime lending rates in nine months, Rajeev Malik of CLSA said based on whole sale price index (WPI), a 25 bps cut can be expected tomorrow.

Budget 2013-14: Budget will be responsible; no eye on PM chair, says FM

The finance minister P Chidambaram ended the first leg of roadshows to showcase the potential of the Indian economy to foreign investors in Singapore and Hong Kong. In an interview with CNBC's Sri Jegarajah, Chidambaram emphasised that the Budget would not be populist, but responsible.

Not great yr for equities; Buy ONGC, Tata Motors: Expert

Anand Tandon, CEO, JRG Securities explains to CNBC-TV18 that 2013 is not going to be a great year for investing in equities with no hope of a fall in interest rates, lack of private equity interest in key sectors like infrastructure, firm commodity prices and increased dependence on government reforms

'Mkt will make Chidambaram pay dearly for a bad budget'

According to Udayan Mukherjee, Chidambaram has not has no option left now. He says the FM has laid his cards out now. He has gone to Singapore, Hong Kong everywhere saying "I will give you a good budget".

Fin Min mulls export parity pricing for petro products

The Finance Ministry is mulling export parity pricing for petro products, reports CNBC-TV18‘s Aakanksha Sethi quoting sources.

Portfolio investments to pour into India this year

Liquidity will not be tightened across Europe and US in 2013, Uday Kotak, executive vice-chairman and managing directorof Kotak Mahindra Bank.

Budget 2013-14: Expect 0.25% rate-cut; telecom to boom on clarity: Expert

Dipan Mehta, member- BSE and NSE, explains on CNBC-TV18 that he expects a 0.25-percent cut in rates in the RBI policy announcement on January 29 and could be part of the RBI‘s plan to reduce interest rates by 100-150 bps across the entire fiscal.

Budget 2013-14: FinMin likely to prune FY13 expenditure by 28%: Sources

Finance minister has been reiterating that the 5.3 percent fiscal deficit target will be met. CNBC-TV18's Akanksha Sethi gives in details on how it is going to be done.

Budget 2013-14: FM lures FIIs, assures to cut deficit by 60bps for 4 yrs

The finance minster has promised foreign institutional investors (FIIs) that he will stick to the 5.3% deficit for the current year. He aims to reduce the deficit by 60 basis points in each year for the next four years till it reaches 3%.

Budget 2013: Brokerages cheer diesel-price plan as OMCs stay skeptical

CNBC-TV18's Nayantara Rai reports that while the markets are euphoric about the latest reform measure, oil marketing companies are more circumspect.

Diesel price hike raise Budget hopes; boost mkt: Edelweiss

In keeping with its reforms agenda, the government on Thursday partially decontrolled diesel, allowing oil companies to hike prices by 40 to 50 paise every month for retail customers and around Rs 11 for bulk consumers like the railways.

RBI gets more legroom after diesel price hike: StanChart

Samiran Chakrabarty, head of Research, Standard Chartered Bank cautioned that there could be cascading effect on commodities transported through railway route. However, the direct impact of 50 paise per litre hike will be nominal.

Budget 2013: India Inc calls for low rates, taxes in pre-Budget FM meet

CII chairman Adi Godrej and FICCI chief Naina Lal Kidwa explain to CNBC-TV18 that they suggested the finance minister ensure lower interest rates and make no changes in the tax structure to enable growth and investment.

Budget 2013: GST stuck between states' demands, India Inc's pleas

CNBC-TV18‘s Aakansha Sethi, quoting sources, reports that the rollout of the GST is stuck between the states' demands for inclusion of certain clauses and corporate India's pleas to fasttract the rollout

GAAR clarification significant relief for FIIs: Khaitan

Finance minister P Chidambaram on Monday deferred implementing the controversial general anti-avoidance rule (GAAR) to April 2016. Daksha Baxi, ED-Taxation of Khaitan & Co told CNBC-TV18 the much awaited clarification on GAAR was a significant relief for the foreign institutional investors.

Bullish on IT; see realty demand picking up: Morgan Stanley

In an interview to CNBC-TV18, Gaurav Doshi, vice president, Morgan Stanley PWM gives his outlook on the market performance.

Mehraboon Irani's best bets: TCS, Infy & OIL

In an interview to CNBC-TV18, Mehraboon Irani of Nirmal Bang Securities shared his reading and outlook on markets and specific stocks.

Budget 2013-14: GAAR amended and deferred, the fine print

Eight months after the passage of the Finance Bill, the finance ministry today finally sought to cap concerns over the General Anti Avoidance Rules (GAAR) by deferring them for two years, making it clear that foreign capital inflows and the rupee take precedence over concerns of black money.

GAAR issue: FIIs likely to pay STCG tax, says BMR's Butani

Implementation of the controversial GAAR (General Anti-Avoidance Rules) has been deferred by two years to April 2016 by finance minister P Chidambaram. The new rules have also exempted non-resident investors in FIIs from its purview.

GAAR deferred to April 2016, won't apply to NRI in FIIs: FM

Finance minister P Chidambaram on Monday deferred implementing the controversial GAAR (General Anti-Avoidance Rules) aimed at curbing tax evasion, to April 2016. This is in line with what the Shome Committee reviewing the rules had recommended to the government.

WPI may trigger 0.25% cut, food inflation a worry: Ranga

Recording the lowest figure in a year, December inflation eased to 7.18 percent against 7.24 percent in November. The slowing inflationary trend has also sparked hopes of a rate cut by the Reserve Bank of India in its January monetary policy meet.

RBI policy action, reforms key trigger for mkt: Dipan Mehta

The Nifty today closed the day at 5952 level, 15.82 points down compared to yesterday‘s close. Infosys today surprised the market with better than expected numbers. However, the Sensex ended the day almost flat at 19663.

'13 to be good for stocks; wary of infra: Raamdeo

Raamdeo Agrawal, director and co-founder, Motilal Oswal Financial Services explains to CNBC-TV18 that the year 2013 will be a good year for stocks with Infosys reporting positive results and the government beginning to tackle the bottlenecks impeding the growth of the economy.

Budget 2013: Govt ready to take tough decisions on CAD, says Montek

In an exclusive interview to CNBC-TV18, Planning Commission deputy chairman indicates that the governmt was ready to get tough on CAD in Budget-FY14

Budget 2013: Diesel hike priced-in; Nifty support at 5,600 says Bhat

UR Bhat, MD, Dalton Capital Advisors, in an analysis on CNBC-TV18, explains that the hike in diesel rates has been priced-in and that the Nifty will find support at 5,600

Growth in utility vehicle to help auto industry: SIAM

The Society of Indian Automobile Manufacturers (SIAM) has lowered its annual growth forecast for car sales. SIAM now predicts sales growth of between zero and 1.0 percent.

Sebi chief warns stricter action for cos mending rules

The market regulator is bristling with indignation. Especially, after insinuations of indiscipline and influence mongering at Sebi, report Sajeet Manghat and Sandeep Srikanth of CNBC-TV18.

Rail fares hike to net Rs 6,600 cr more: Minister

In a rare decision just a month ahead of the Budget, Railway Minister Pawan Kumar Bansal effected an across-the-board hike in fares of all classes from midnight of January 21 to net an additional Rs 6,600 crore a year, the first such increase in a decade.

Nifty may touch 6700 by year end: Prabhudas Lilladher

Ajay Bodke of Prabhudas Lilladher Private Limited, says that he expect RBI to cut 25 bps in January policy and around 75 bps rate cut during the course of the year. In the midcap space he is bullish on DLF, Maruti, J&K Bank.

Budget 2013: Inheritance tax levy is challenge for FM: KPMG

Though the inheritance tax was abolished in India in 1985 due to increased costs of collection, the hike in the levy of inheritance tax in the US has forced the Indian government to relook the introduction of the tax, says Dinesh Kanabar of KPMG explains in an analysis on CNBC-TV18.

Budget 2013: Equities to outperform; buy gold ETFs, says Axis Direct

Nilesh Shah of Axis Direct explains, in his market analysis On CNBC-TV18, that he expects equities to outperform fixed income in 2013 and sees significant divergence in Q3 earnings.

GST model unlikely to work across India: FinMin Comm

The committee set up by the Finance Minister on GST is looking at alternate models. The panel is of the opinion that a single GST model may not work across the country. The report may be submitted on January 21, reports CNBC-TV18's Aakansha Sethi.

Nifty ends above 6K: ICICI Prudential sees 3 triggers ahead

In an interview to CNBC-TV18, S Naren, ICICI Prudential says fuel price hike, RBI‘s policy on January 29 and Budget would be the next triggers for the market. "There have been statements that we could see a price hike in diesel of a rupee a month. If that were to happen in the next 10-15 days, it would be the first trigger," he elaborates.

Expect rupee to be rangebound till Budget: Bank of America

The start had been strong, but after the equity markets gave up gains, rupee also came to 55.2-55.3 levels. Even bonds got lower on profit taking after the stellar rally. It is definitely tracking the equity market says Jayesh Mehta, Bank of America in an interview to CNBC-TV18.

Budget 2013-14: Mkt hopes Budget '13 will be populous, says Kotak Mahindra

A lot of hope has been pinned on the Reserve Bank starting of rate cutting spree. The enthusiasm has waned after the current account deficit numbers for the September quarter were announced at 5.4 percent.

Budget 2013: Book profits above 6,000 Nifty, bet on infra: IL&FS

IL&FS had given a target of 6100-6300 on the Nifty by Budget 2013. Despite a lacklustre trade on Monday, the Nifty touched 6,040 or 6,050, which is pretty close to the target.

Pre-budget meet: What was discussed?

The run-up to the Union Budget has well and truly begun. The Finance Minister today met eminent bankers from across the country and later met economists to discuss their wishlist for the upcoming Union Budget.

Pre-Budget meet: Bankers look for comm transaction tax

Fiscal consolidation and political expectations of a populist Budget are likely to shape the finance ministry's thinking this February. No wonder then that pre-Budget discussions have focused on revenue enhancement - via new taxes.

Pre-Budget meet: Bankers want tax deduction for NPAs

The Finance Minister today held a pre-Budget discussion with key bankers. Key suggestions include increasing the TDS ceiling for term deposits from Rs 10000-25000 and tax deductions for non-performing assets (NPA) provisioning.

Diesel hike to be modest; 50 bps cut on cards: Ambit

Saurabh Mukherjea, head of equities, Ambit Capital explains, in an analysis of the market on CNBC-TV18, that he does not foresee any possibility of an aggressive hike in diesel prices and expects the government to opt for modest hikes.

Import duty on gold may go up 1-2% next week: Sources

Two days after the Finance Minster expressed his concern over the rising current account deficit due to the massive demand for gold, North block is gearing up to crack the whip. The import duty on gold could be hiked as early as next week, reports Aakansha Sethi quoting sources.

See FY13 fiscal deficit 5.5-6%, choppy market: CLSA's Malik

Indian equities are likely to be volatile in 2013, and the rupee could move in a range of 52-58 to the dollar, weakening towards the end of the calendar, feels Rajeev Malik of CLSA.