Moneycontrol Pro Panorama | As government capex peaks, will private sector take over?
In this edition of Moneycontrol Pro Panorama: Mixed success for ITC, lessons from the Paytm debacle, can Jharkhand's new CM hold the JMM together, auto sales January data shows a mixed trend, and more
Budget announcements reflect government’s confidence of continuity
The FM has rightly chosen the path of fiscal consolidation, a very strong position to take in an election year. While the vote on account does stick largely to the convention of just staying in cruise control mode, it has made some bold statements of intentions and there are good enough reasons to be pleased with the outcome
Union Budget a roadmap for unleashing India’s entrepreneurial spirit, delivering Viksit Bharat
FM Sitharaman’s speech has put the spotlight on entrepreneurs, startups and MSMEs. The Budget has stayed true to the promise of investments in infrastructure and growth taking India on course to become Viksit by 2047
Budget’s transport focus is commendable. Now ensure a smooth ride on roads and trains
Big ticket investments are actually happening and at a good pace. But with this focus on capex, the question remains whether continuing customer engagement, operations and maintenance are getting the attention they deserve
The cycle vs the trend: investors need to prepare for secular change
Bigger and more difficult choices need to be made as a new inflection point emerges in markets
Success in non-cigarettes business a mixed blessing for ITC
The company’s transition journey, which started in earnest in 2017 with a strategy reset dubbed ITC Next with the objective of reducing dependence on tobacco in its overall portfolio, has been extremely successful
Are central government finances now in better shape than before the pandemic?
While there has been an increase in tax receipts as a percentage of GDP compared to pre-pandemic levels, higher levels of government spending are keeping the fiscal deficit high
Seeds sown for agriculture and food processing sector in Interim Budget need energetic nurturing
As the demand for processed food rises steadily, Budget 2024 offers promising opportunities for the agriculture and food processing sectors. Implementation is going to be key
Jharkhand Political Crisis: Can Champai Soren hold the JMM together?
Hemant Soren’s choice of veteran Champai Soren as his replacement, while made under duress, could help the JMM-alliance in an election year. Champai’s elevation is a departure from the usual script of family-run parties, but BJP will fancy its chances in the upcoming elections, or even sooner
Ten-year sovereign bond to trade below 7 percent in near term
Policy rate cuts by global central banks seem visible over the medium term and well-managed duration funds like Dynamic bond funds, Banking & PSU debt funds can benefit
The budget was a prudent one, the government should reform the project clearance process
The government needs to address concerns of foreign investors by putting in a single window clearance system and improved contract implementation processes, all crucial to attracting more FDI funds
Leave No One Behind: The philosophy underpinning the Interim Budget
The Finance Minister has articulated her budget as a “humane” budget with fiscal consolidation as a primary consideration. A “beyond GDP” emphasis is welcome, incorporating the widening inequalities, climate change concerns and human capital formation
Will the government’s fiscal prudence signal a dovish pivot from the RBI?
What deserves credit is that despite delivering the customary pre-election sops, the budget exercised restraint and did not lose sight of long-term value creation
Lessons to learn from the Paytm debacle
Paytm’s debacle shows that fintechs cannot function like the Wild West anymore and claim to be above rules. Even so, there are some lessons for the regulator too here.
India poised for Amrit Kaal, but investment trusts await noteworthy reforms: IndiGrid CEO on interim Budget
We had hoped that this year the budget will include, among other reforms, policy upgrades to classify investment trusts as an equity or equity-like instrument or allow us to participate in mainstream indices, but lack of any major update has left the sector disappointed.
Govt’s fiscal consolidation plan to aid private sector, boost capex revival
At a time when private capex is expected to revive, the government’s commitment to cut its expenses will bode well for the cost of borrowing of the private sector.
E-mobility gets higher allocations in Budget, but no tax sops to encourage demand
The government has re-emphasized its commitment towards e-mobility, and has clearly articulated that it will be looking at supporting the manufacturing and charging infrastructure Shruti Saboo
Markets couldn’t have asked for more from interim Budget
The budget not only allay fears of populist measures, but reaffirms the government’s focus on infrastructure development and the commitment to follow the path of fiscal consolidation
Fiscal consolidation and capex: Interim Budget strikes the right balance
The interim budget has used a positive economic backdrop to strengthen the long-term growth impulses provided by public investments, build back fiscal buffers to counter future shocks and aims to put public debt on a downward path to free up space for productive spending
The full Budget in July must flesh out the Rs 1 lakh crore lending scheme for sunrise sectors
Who will actually give these loans? What are the sunrise sectors? What kind of entrepreneurs and companies will qualify?
Paving the Green Path: India's Transformative Budget for a Sustainable Future
The commitment to rooftop solarisation, providing 300 units of free electricity monthly to 1 crore households, is a groundbreaking move. Beyond the evident cost savings for citizens, this initiative aligns seamlessly with country's efforts to reduce emission intensity and achieve net-zero emissions.
Startups will be disappointed at lack of tax sops in Budget, but steps to encourage entrepreneurs will be positive
While the start-up ecosystem will be disappointed at the lack of tax-related incentives to encourage domestic investment, they can take heart from the budget’s encouragement of entrepreneurship
No direct sops to boost demand for affordable homes in interim Budget
Development of infrastructure network, by way of roads, dedicated freight corridors, railway stations, etc will boost demand for housing in Tier 2 and 3 cities
A responsible Budget paving the road to a developed nation
Empowering the marginalized sections of society has been a focal point of this Budget. By targeting the upliftment of the poor, women, youth, and farmers, the government is addressing the roots of socio-economic disparities.
Interim Budget 2024 lays out a long-term road map
Lower government borrowing, combined with the Indian bond market’s inclusion in global bond indices will lead to strong inflows into India, generating funds to build long term infrastructure projects that boost the GDP, provide employment and keeps the INR stable
