From drones in agriculture, to digitised health records, additional PLI for solar cell manufacturing , battery standards for EVs, 5G, to passports with chips, there is increased focus on technology in the Budget
The fiscal deficit budgeted for 2022-23 is comparable to that prevailing after the global financial crisis. The boost to the economy then led to a temporary growth spurt, but it soon ended in tears. Will we see a repeat this time too?
Compared to an annual average expansion of 5.1 percent between FY13 and FY18, capital outlay on defence is projected to rise 11 percent per annum in the five years to FY23.
JB Chemicals is showing a resurgence of buying interest as pattern breakout is on a huge increase in volumes
In today’s Moneycontrol Pro Panorama: Why Tech Mahindra makes a buzz, India Inc’s tax dynamics, disinvestment maths, the Eastern Window and more
Budget 2022 should have focused on facilitating and providing solutions via deep-rooted reforms in the power sector across the value chain
This seems like a good Budget for startups: no new taxes or compliance burdens, a small reduction in the capital gains tax, the first step towards legalisation of crypto assets, and an intent to do a lot more soon
A lot of people were expecting clarity on Indian startups being allowed to list abroad. I don’t think startups listing on Indian bourses is a bad idea, because if they list abroad, Indian investors have no way of making money from them
On the real estate front, the Budget made only a few direct announcements, key of which is on affordable housing. However, incentives on the demand front for homebuyers could have bolstered purchasing power
Losing control over inflation is politically and economically damaging: restoring control usually requires a deep recession
Larger companies have flocked to the new lower corporate tax regime, lowering their liability
The silver lining is the government is looking to regulate the crypto industry rather than banning it
While the budget prioritised supporting the economy in the near term, the government was mindful of staying the course towards consolidating deficit and debt indicators over the medium term
In what is being hailed as a ‘climate friendly budget’ the trick will be to accelerate the implementation projects while ensuring that further environmental destruction is halted by not wasting more money on ecologically-harmful projects such as the Ken-Betwa river-linking project
In a significant move, India has signed an agreement with five Central Asian countries to jointly tackle terrorism, besides developing trade and freight linkages. This is being done in the face of serious challenges from Pakistan and China
To fulfil clean power goal, it is imperative to have a regulatory framework that encourages energy storage system in the country
Finance Minister Nirmala Sitharaman has tried to ensure that the tax rates and regime is consistent with the last year, so as to provide avenue for the corporates to continue business without any major tax changes
The highlight on urban planning, and the hypothesis that 50 percent of our population is going to be urban, means that there will be consistent efforts to develop and build people-centric infrastructure, including therein the infrastructure for enabling greater EV adoption
More policy measures to boost consumption would have been welcome
By extending the ECLGS for the MSMEs by one more year, Finance Minister Nirmala Sitharaman has addressed the wider issue of credit flows to small businesses, which is critical for a faster pace in economic recovery, and job creation
This is a budget which stays the course on the larger vision of making India a $5 trillion-dollar economy
It is questionable how much is the multiplier for government spending on infrastructure at this point in India and how long it takes for such expenditure announcements to filter through the economy
Ample emphasis on improving logistics efficiency and ease of doing business apart from the thrust on capex is likely to provide support to the sharp rebound in growth post the COVID pandemic
Budget 2022 does not play to the galleries, and if extraneous factors like those highlighted in the Economic Survey don’t play spoilsport, this budget will result in a great report card at the end of FY23
The Budget focuses on augmenting capital expenditure to drive growth in order to crowd-in private investment through higher public spending
