FInance Minister Nirmala Sitharaman is expected to announce plans to spend over Rs 102 trillion on roads, ports, airports, irrigation and other infrastructure over the next five years.
"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.
Agriculture and allied primary activities, infrastructure, banking, and financial services, especially the non-banking sector, and auto are the sectors that may receive attention in the Budget, says Dr Joseph Thomas of Emkay Wealth Management.
In this episode of 3 Point Analysis, Moneycontrol’s Jerome Anthony explains the key expectations of the infrastructure sector from Budget 2019.
Our prescription is a continued reduction in interest rates while concurrently resolving the transmission challenge, possibly via mandated policies
The budget could further the agenda of building a new India and is expected to open the doors of opportunities to investors in financial markets across asset classes.
Rural employment programs and employment generation schemes will receive a higher share of attention and allocation. Apart from these schemes, affordable housing and infrastructure related schemes should also hog the limelight.
RAI has recommended that the threshold for the 5 percent slab on GST on apparels and clothing should be increased from Rs 1,000 per piece to Rs 2,000
Among top picks, CLSA bets on ONGC, NTPC, Coal India are top buy ideas among non-fin PSUs, and among financials, prefer SBI.
Despite these similarities between a bank and an NBFC, there is difference in the applicability of various tax provisions which puts NBFCs in a disadvantageous position. Thus, the need for a uniform tax treatment for NBFCs is expected at par with banks is the need of the hour.
The Financial Services Industry has been probably one of the most impacted by recent Government initiatives and therefore the expectation that some sops come its way is not unexpected. Below are some of the key asks and expectations of the industry broken up into various sectors.
Affordable housing being given Infrastructure status is a welcome move and will help in the Housing to all by 2022 mission â€“ it is a big and positive move for developers, banks and housing finance companies.
The Budget has a positive tone and is in the right direction. The focus on the infrastructure and manufacturing sector will benefit lubricant manufacturers, since we expect this to boost consumer demand in the B2B and B2C market segments.
The Union Budget has undertaken a fine balance between fiscal prudence and spending by slightly increasing the fiscal deficit target to 3.2 percent of GDP for FY18.
Along with experts interpreting the budget, Girija Pande, chairman of the Singapore-based Apex Avalon Consulting Pte Ltd, also applauded the decision to abolish Foreign Investment Promotion Board (FIPB), saying it had "long outlived its utility and was a hurdle to large foreign investments into India".
From a macro point of view, the Budget presented by the Finance Minister is a growth-oriented one with special focus on rural, agriculture and infra sectors.
The Budget presented today focusses on ramping up spending on infrastructure, provides the necessary impetus to Housing for All program and continues the structural reforms initiated couple of years ago.
Association for Democratic Reforms (ADR) keeps a close tab on elections as well as related topics, including on finances of political parties.
A big infrastructure push along with a substantial hike in provisions for the National Highways in the Union Budget for 2017-18 is a major takeaway and I congratulate the Finance Minister for the growth oriented approach.
Finance Minister Arun Jaitley presented the Budget for next fiscal in Parliament yesterday in which he planned to cut fiscal deficit to 3.2 percent and 3 percent of GDP for next financial year and 2018-19 respectively. The deficit in the current fiscal is estimated to be 3.5 percent of GDP.
It is also changing the law to keep the identity of the donor confidential who buys the just-introduced electoral bonds from banks to make such donations.
Since Government‘s emphasis on defence preparedness has been the Central theme, we would have been happy if some incentives by way of tax exemption or deferment on loan payments would have been announced for domestic industry.
The Union Budget 2017 has focused on India‘s agriculture sector and the country's farmers to drive growth in rural India while continuing to propel the nation‘s economic engine.
In line with the PM‘s vision to dismantle bureaucracy, the FM‘s announcement to abolish the FIPB and further liberalize the FDI policy deserves a round of cheer! The government‘s continuous focus to bolster the digital economy is definitely applause-worthy.