The Survey justifies this co-relation by pointing out that eastern part of India has the lowest literacy rate of about 59.6 per cent and is also the region in which formal entrepreneurial activity is the lowest.
The government will not meet the fiscal deficit target and the market will be comfortable with 3.7-3.8 percent levels of fiscal deficit.
It would be a tough job for the government to take measures for economic growth amid worries of the fiscal deficit.
Industry players are asking for a cut in customs duty from current 12.5 percent to boost sales and jewellery exports.
FIIs have 60% net short positions in index futures and these shorts may help in the short-covering rally if something major positive comes in the Budget.
The aam aadmi is seeking reduction in the personal income tax rates, rejig of existing tax slabs, and raising the minimum personal income tax exemption limit from the current Rs 2.5 lakh
Heading into the Budget, high volatility is expected but upside seems to be limited.
With a fear of budget deficit at a time when a number of critical sectors are in need for finance, this is going to be one of the most challenging budgets.
Budgets have lately become a non-event except for media and economists and its effect is worn off 2-3 days post the event, but stock-specific action could continue.
Jerome Anthony speaks to Viswanath Pilla to find out the expectations from the pharma and healthcare sector.
In this special podcast ahead of Budget 2020, Sakshi Batra talks to Preeti Khurana, Chief Editor at Cleartax, to find out all about the expectations in the tax front.
Fundamentally for us, the base of the Nifty continues to be 11,400 and any sharp dip below 12,000 would be a good opportunity to accumulate good quality stocks.
We believe that the government will continue its focus on infrastructure, housing, manufacturing and rural economy as a lot still needs to be do done on all these fronts.
There is a decent possibility of an increase in budget allocation for infrastructure projects as well as PMAY. This can surely have a material impact on cement demand.
A reduction in personal income tax will lead to higher consumption and will be positive for many sectors, especially autos and consumers, said experts.
Sakshi Batra talks to Moneycontrol Deputy Editor Gaurav Choudhury to find out what are the reforms expected across various sectors in India.
Supported by capital infusion and increased provisioning on stressed loans, we expect the remaining PSBs to also exit the prompt corrective action framework of the RBI and most of them to turn profitable in FY2021.
Most experts feel that the upside remains capped and chances of some bit of profit-taking are much higher in case the Budget disappoints
While interim measures like corporate tax cuts have been undertaken by the government to revive investment-led growth, we will watch out for measures to revive both consumption and investment led growth.
Moneycontrol's Shraddha Sharma gets in conversation with Parnika Sokhi to understand the expectations of the banking sector from Budget 2020.
Financial market participants have been lobbying for scrapping long term capital gains tax (LTCG) on investment in equity or equity-oriented funds or extending the holding period from the current one year to two years with nil tax.
In this special episode Sakshi Batra speaks with Gaurav Choudhury to find out the government's possible plans to meet the fiscal deficit target.
"With some fiscal stimulus in the Budget, we see the FMCG sector growing at 10% to 12% p.a. over the next 2 two years," he said.
The list of expectations for the agri community is long. But then, the Budget will be a test of ability and willingness to spend
We also expect the Auto sector to be in focus. Auto forms the backbone of organized Indian manufacturing. There is a need to bring volume growth back.