Moneycontrol's Sakshi Batra breaks down the amendments in the Essential Commodities Act
From MSMEs to EPF to NBFCs, find out everything that Nirmala Sitharaman announced as booster measures in this 3-Point Analysis episode
Putting money into the hands of the people would have been simpler, quicker and more effective
A closer look at the details will reveal that the package is inadequate to address the larger impact of the COVID-19 fallout, especially with respect to industries.
The absence of an aid and stimulus package may hurt even more because of the lockdown that the government announced. A slowing economy will be paralysed in multiple ways
The call for a big stimulus package has become louder because many economists across international rating agencies have lowered their growth forecast for India,
Amid Coronavirus scare, several manufacturers expect 2020 to be a challenging year for the industry as they are going to airlift components such as controllers, compressors and other materials from China, Thailand, and Malaysia and the increased logistics cost would put pressure on input costs.
Rohit Azad, assistant professor at JNU, said due to this proposal, savings rate may fall but that is not a bad thing during slowdown.
Finance Minister Nirmala Sitharaman was candid in her Budget speech when she said this is a Budget reminiscent of the fundamentals of economic policy and fiscal planning, which if deployed prudently, will make the promise of a $5trillion+ economy a reality, sooner than later
Overall, the Budget is a continuing step in the government’s journey of conducive tax environment.
Direct tax revenue targets look a little optimistic and seem to have built in excessive buoyancy
While the fiscal stimulus towards the rural segment is noteworthy, the additional tax cuts and incentives for the corporate sector raise concerns about the government’s fiscal health
The government has focused on getting the economy back on track and improve the ease of doing business.
Budget announcements on climate change are nothing but a lip service and the proposed incremental measures fall short in their intent to transform India into a sustainable, low-carbon, high-growth economy is disappointing.
The government seems to have chosen to go for an incremental Budget as against the expectation of a Big Bang one
A lot depends on one-off revenues such as settling chronic tax disputes, LIC disinvestment and arrears of telcos
Hikes in customs duties and using non-tariff barriers indicate a desire to slow down imports and give more room to domestic industry to grow
In the entire 67-page budget speech, the word ‘slowdown’ doesn’t occur even once.
A boost in rural productivity could create a multiplier effect in consumption as rural growth has de-grown urban growth in the past fiscal.
We need a new vision for the economy, a new direction, like we had in the 1991 Union Budget
NBFCs, real estate, and the infrastructure sector will be in focus. These three sectors form the backbone of the economy and are currently grappling with liquidity and financing issues.
Budget 2020 comes at a time of crisis for the Indian economy. What is needed is inspired out-of-the-box thinking. Will Nirmala Sitharaman rise to the occasion, thus ensuring a place for her in the history books?
Moneycontrol’s Sakshi Batra gets in conversation with Deputy Executive Editor Gaurav Choudhury to find out what’s in store for the salaried class in Budget 2020.
Opinion is divided on how the government should nurse the economy back to health
Moneycontrol's Sakshi Batra catches up with Deputy Executive Editor Gaurav Choudhury to find out what sectors like auto, realty and consumer durables are expecting from the Finance Ministry in Budget 2020.