Clear winners from the Budget are NBCC, L&T; and Cement manufactures such as UltraTech Cement, ACC. Infrastructure push to continue with more rigour
The Ministry of Steel has seen a growth in fund allotment of 56 percent, followed by Ministry of Coal at 48 percent and Department of Heavy Industry at 32 percent.
The government largely intends to achieve this through investment-led growth rather than the traditional consumption-driven method
Once and for all, the FM will have to undertake a massive fiscal cleansing operation to restore the credibility of our Budget exercise
Zero Budget Farming is mainly where one uses the organic materials available at own farm to grow the harvest and chemical use is not there which one has buy
Biocon managing director Kiran Mazumdar Shaw gave full marks to the finance minister.
Industry leaders said government's investment in the infrastructure schemes as Pradhan Mantri Gram Sadak Yojana will benefit farmers and help to boost rural demand.
Talking about bank capitalization from the government, he said, “As far as SBI is concerned we are not looking for any capital infusion from the government. We got Rs 8,800 crore two years back and after that we haven’t felt any need for further capital from the government.”
The Finance Minister said she hoped normalcy in the NBFC space would be restored in six to seven months’ time and that the RBI should see NBFCs quickly address the problems
As expected, FM announced strong measures to boost liquidity to revive NBFC space, increased focus on agriculture & infrastructure and also social infrastructure, recapitalisation for PSU banks, housing, and increased divestment target to Rs 1.05 lakh crore.
In the Budget speech, the finance minister stressed on continuous investment in construction of highways and flagship programmes such as Bharatmala and Sagarmala projects
Here is a quick recap of all the announcements that would affect you as a retail investor or as a taxpayer
Max Healthcare in a statement said that the private healthcare sector had a lot of expectations from the Union Budget. Unfortunately, the Union finance minister in her speech in Parliament, hardly touched upon this sector.
In this podcast, Moneycontrol's Jerome Anthony gets in conversation with Editor Santosh Nair to find out how the market reacted to Budget 2019.
This push to increase credit offtake may take some time to bear fruit.
Experts give their take on the proposals made in the budget
The government has talked a lot about what they want to do to address the challenges related to water but the budgetary allocations don’t show the same urgency
The Budget addresses some of the issues holding back growth, without loosening the fiscal purse strings
The idea behind holding a meet of this nature is to attract more investments from overseas as the government seeks to spur economic growth and generate more jobs.
Twitter saw an inflow of memes and tweets expressing people's dejection over the lack of tax benefits for the middle-income classes of the country.
While presenting the Union Budget 2019, Sitharaman mentioned that the enrollment process shall only require a bank account and Aadhaar, with remaining information being self-declared.
In summary, the budget has nothing in it that would move the market immediately.
While the Budget has several things going for it, the budgetary arithmetic is to be taken with a pinch of salt
Moneycontrol’s Santosh Nair chats with Shiv Diwan Co-Head, Institutional Equities at Edelweiss Securities to find out how Budget 2019 impacted the markets