The Prime Minister said that the vision for the next five years is to have investment-led growth. He spelt out that this would mean more liberalisation of foreign direct investment, simplification of labour laws, power sector reforms, lowering of tax rates, asset monetising and asset recycling in the public sector and further reforms in banking, insurance and the pension sectors.
The government's Nal Se Jal scheme for piped water supply alone may need Rs 6.3 lakh crore. For context, only 18.3 percent of rural households have piped water supply today
The devil is in the detail. But the stock market has braved it all as the worst fears of a selling exodus after the super rich tax did not actually come true
For all the talk of the huge election mandate, agriculture as a sector failed to find its pride of place in the latest budgetary exercise. A political consensus can tilt he scales though
The government's gross borrowing and revised fiscal deficit targets also added to relief in debt markets, paving the way for lower yields going forward.
RBI decided to front load increasing the Facility to Avail Liquidity for Liquidity Coverage Ratio (FALLCR) by 0.5 percent that was previously scheduled to be effective in August and December
The government’s reliance on NSSF has only grown in recent years. From just 1.8 percent in 2012-13, NSSF funds financed 19.7 percent of fiscal deficit in 2018-19 and are budgeted to contribute 18.5 percent of the 2019-20 deficit
If raised, the higher FDI limit will help get suitors for Air India.
The Budget has done little to spur consumption by way of handouts or tax cuts. That means that the trend of slowing consumption growth could continue
In the last financial year, GST collections by the Centre missed the budgeted target by Rs 1 lakh crore
Customs mop-up in 2018-19 had surpassed the budgeted estimate of Rs 1.12 lakh crore to hit Rs 1.3 lakh crore.
Until now, NRIs were required to wait for a mandated 180 days before they were issued their Aadhaar cards.
The East Asian model is far from ‘blue sky thinking’, but what other successful growth stories do we have?
The case for fiscal stimulus is well presented. But that’s not all. For India to become a $5 trillion economy by 2024, doubling down on fiscal reforms cannot be overstated
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.
A big bang Budget is what Street is expecting from the Finance Minister. At the time, investors will keep an eye on the Fiscal deficit objectives of the government.
The strength of its electoral mandate may encourage the government to roll out some serious long-term transformational plans for the country.
A wish list of all sections of society to the finance minister
"Of late there has been a disturbing competition to design schemes which are in the nature of simple transfers to farmers. This is being done by some state governments, by the Union government and major political parties," Reddy said.
Benchmark indices are likely to move sideways, so investors are better off placing bets on select sectors which are likely to get benefit from the Interim Budget, suggest experts
The budget is positive for real estate, but not favourable for deficit target, says Prateek Pant
The assumptions include a high tax buoyancy, and higher dividend from the RBI and public sector units
The interim budget has taken the wind out of the Opposition’s sails — at least for the time being. However, does the government’s offensive move betray the BJP’s fears about the upcoming Lok Sabha polls?
The budget has reliefs for farmers and middle class families