The government is expected to ease spectrum usage charges and licence fees to 1% of adjusted gross revenue, and to lower basic customs duty (currently 10%) on import of 4G equipment.
The government also needs to improve the infrastructure required to lower their cost of doing business.
Crisil Research expects reduction in cess for hybrid vehicles to zero.
CRISIL Research expects the government to consider reducing the GST applicable in solar modules to zero.
Crisil Research expects robust allocations to schemes like PMAY
Crisil Research expects GST exemption for MRO, which is in the 18% slab at present, to boost industry.
The government’s target achievement and financial disbursements towards key projects such as Housing for All and infrastructure projects (Bharatmala, Industrial corridors, etc.) would be key monitorables from steel demand growth perspective.
CRISIL Research expects the profitability of IT services players to decline due to pressure on billing rates in commoditised services, limited scope for improvement in utilisation levels and continued investments in newer technologies such as social, mobile, analytics and cloud.
CRISIL expects that Budget 2019 will continue the focus on allocations to power T&D, UDAY schemes, railways and other transportation areas, as well as renewable energy, which are central to the capital goods segment.
CRISIL Research expects operating margins to expand 20-50 bps during fiscal 2018 owing to input tax credit benefits and cost rationalisation measures taken by many FMCG companies. However, rising input prices of raw materials such as crude oil and milk will restrict further margin expansion.
A strong pipeline of projects, spurt in financial closures for hybrid annuity model projects, and focus on completing land acquisition prior to awarding of projects are expected to boost momemtum in the coming fiscals.
Pharmaceutical export is likely to see growth spurt to 11-12% on-year in fiscal 2019, after a flat fiscal 2018, on the back of new product launches with marketing exclusivity.
CRISIL Research expects natural gas to come under the purview of GST.
Prabhudas Lilladher has come out with its sector report on Mumbai real estate. According to the research firm the new rules could provide an impetus to land deals, which were earlier stuck owing to lack of policy clarity on FSI norms.
PINC Research has come out with its sector report on cable & satellite industry. The research firm has initiated coverage on the sector, with a buy recommendation on Hathway Cable (TP Rs 151, +36%), Dish TV (TP Rs 77, +26%) and Den Networks(TP Rs 64, +33%) in its December 26, 2011 research report.