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Budget 2018
Last Updated : Feb 01, 2018 04:03 PM IST | Source: CNBC-TV18

Budget 2018: Market veterans discuss key highlights

In an interview with CNBC-TV18, Ashwini Agarwal of Ashmore Investment Management, Vetri Subramaniam of UTI AMC, Ajay Srivastava of Dimensions Corporate Finance Services Pvt Ltd, Vallabh Bhanshali, Chairman & Member Governing Board at FLAME University, Enam Securities, Nilesh Shah, MD & CEO of Envision Capital and Nilesh Shah, MD of Kotak Mahindra Asset Management gave their take on Arun Jaitley's Union Budget and their outlook on the road ahead.

CNBC TV18 @moneycontrolcom

In an interview with CNBC-TV18, Ashwini Agarwal of Ashmore Investment Management, Vetri Subramaniam of UTI AMC, Ajay Srivastava of Dimensions Corporate Finance Services Pvt Ltd, Vallabh Bhanshali, Chairman & Member Governing Board at FLAME University, Enam Securities, Nilesh Shah, MD & CEO of Envision Capital and Nilesh Shah, MD of Kotak Mahindra Asset Management gave their take on Arun Jaitley's Union Budget and their outlook on the road ahead.

The market doesn't seem to suggest that it is disappointed at all. It took some time to understand but when you are getting grandfathering mechanism at the highest market ever been what is there to complain. After the data that came out, the 3.67 lakh crore was the exempting come on account of long-term capital gains tax at a time when everyone is paying goods and services (GST) in the country, a 10 percent tax is neither here nor there and market has moved on from that point of view, said Bhanshali.

I am extremely excited about the Budget. 10 percent tax is a complete non-event according to me, he added.

India Union Budget 2018-19 Live: News, updates and highlights from FM Arun Jaitley's Budget 2018 speech, announcements

From a longer-term perspective – if you read through the first part of FM’s statement where he is speaking about rural India, infrastructure, health insurance for the poor which is a very powerful and much needed support that the poor people need and he is talking about efficacy of the education, the outcome based measurement of education, I think this is what the new India needs -- as a watcher of India for a long period of time, it is refreshing to have this kind of a thinking, said Agarwal.

The entire amount of gains that we all have made in the last Bull Run is all safeguarded with zero tax, it has been a great relief to that extent, Srivastava said.

For entire discussion, watch accompanying video...

India Union Budget 2018: What does Finance Minister Arun Jaitley have up his sleeve? Click here for live Budget 2018 news, views and analyses.
First Published on Feb 1, 2018 03:49 pm
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