Budget 2017: FM may announce mega stake sale plans, says Emkay Global

Talking on expectations from the Union Budget 2017 Dhananjay Sinha, Emkay Global Financial Services says it is unlikely that the government would do anything that would impact the markets adversely.

With regards to headline corporate tax rate, he says government had already promised scaling-down of effective tax rate to 25 percent in the next five years, but until now that hasn’t happened. "So, there would be pressure on FM to deliver on that," he said.He expects government may announce lots of disinvestment plans in the Budget and some hike in income tax slabs.

For  more, watch video.