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Pre Budget Expectation

MRO players hope high from budget, expect level playing field

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Government may ease rules to help companies boost overseas borrowings

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Budget 2020: Three things Nirmala Sitharaman needs to watch out for

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Budget`s biggest task is to create employment opportunities

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FM kicks off 2020 Budget countdown with `Halwa` ceremony

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Pre-Budget 2020 expectations by iFAST Financial India Research Desk

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Budget estimates from disinvestment likely to be Rs 1 lakh cr

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Budget may announce ₹2.86 trillion electricity distribution scheme

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Citigroup beats estimates on credit card, trading revenue growth.

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Budget may lower gold import duty from 12.5% to boost jewellery exports

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Budget 2020: India Inc pitches for job creation, higher infra spending

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Budget recommendations from FICCI: Hike 80C tax deduction to ₹3 lakh

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Opinion

Opinion | Let this budget be a tide taken at the flood for reforms

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Opinion | Budget: It will take three to tango in 2020

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Opinion | Government needs to speed up the flow of private capital into infra sector

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Opinion | There is a case for shorter and sweeter Union Budget speeches

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Opinion | Government must step up expenditure to revive growth in short term

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Opinion | A growth figure that`s low but not disastrous

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`No more cuts in corporate taxes`: Abhijit Banerjee`s advice for Budget 2020

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Opinion | Budget: managing the fisc while enlarging the growth deficit

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IF I am FM

Mr. Vijay Mansukhani, MD, Mirc electronics Ltd

"Firstly, we look forward to the custom duty to be made 0% on raw materials, the current rates are very high and is not favouring the 'Make in India' campaign. GST to be reduced to 18%, as the current rate of 28% is too high on televisions of bigger size and air conditioners.

Free trade agreement is one of the biggest worry for consumer durables goods category this has to be cancelled or else it can be selective to import of agricultural produce etc. Otherwise manufacturing in India will not be very encouraging. Lastly, Labour laws should be changed and be made more manufacturer friendly."

Mr. Madhusudhan Bhageria, CMD, Filatex India Ltd

"In the budget, we expect that customs duty on Polyester filament yarn (PFY) and Polyester Staple Fibre (PSF) to be increased from 5 to 10, this will help to drive the growth of man-made fibres and to achieve the desired target of $300-billion market by 2025. Revival the investment cycle and boosting the consumption across the country are expected to be the key priorities in the FY19-20 Budget Increase in personal income tax exemption limit and rationalisation of corporate tax would certainly raise disposable income of the middle class people of which a portion would come to textile and apparel sector. We expect the consumption and consumer spend of middle class and rural India to go up which will benefit the Apparel and Textile Industry and drive clothing consumption in a big way."

Mr. Vinod Ramnani, Director, Opto Circuits India Ltd

"The Government should come up with incentives to manufacture medical equipment in India and should discourage current import of cheap medical equipment from China. This is very big opportunity for make in India and also employment generation. Invest in building credibility for medical equipment manufactured in India to cater to developed countries by providing investment incentives and cluster based development to take advantage of low cost operations in India.

If the Government takes note of these, there is huge potential in this segment. Any increase in allocation to healthcare sector is positive for overall sector growth."

Mr. Sunu Mathew, MD, LEAP India Pvt Ltd

Expecting the Government to bring in much need smile on the faces of citizens and corporates in the country. The overall reforms and tax structure proposed in the budget should ensure confidence in the minds of consumers and induce more private investment.

The outlay of Government expenditure is expected to boost overall economy. Our user Industries like FMCG, Beverages, Pharma and Auto sectors would revive provided the Government would increase the overall liquidity condition in the country coupled with consumption driven growth.

This years budget is very crucial to spur the demand for products and services during the current year. Post GST implementation logistics as a sector is evolving and expecting good support from the Government on bringing reforms in how the goods are stored and transported in the country, which would contribute in a big way to GDP and will change the landscape of many businesses as the logistic cost in the country is till high at 12% and there is immediate need for bringing in efficiencies in adopting multiple measures to bring down the cost drastically, this would make many businesses viable.

Mr. Sartaj Singh , Director, Solar Industries India Ltd.

"We at Solar Industries expect that there should be at least 12% increase in budget allocation of Funds for Capital & Revenue procurement for Defence, over the last year, with specific emphasis on 'Make in India' Projects. As Ministry of Defence has set high targets for Defence related exports, Incentives to the Defence Industries should be provided for exports related to Defence."

Mr. Kewalchand P Jain, CMD, Kewal Kiran Clothing Limited

"Revival the investment cycle and boosting the consumption across the country are expected to be the key priorities in the FY19-20 Budget. In-line with the interim budget announced in Feb 2019, the Govt is expected to take firm steps to continue with the middle income-class friendly measures which will leave more spending power in the hands of consumers and benefit consumer-oriented sectors.

Focus on stimulation in rural economy and increasing income support to poor people would again be expected to on priority basis in the upcoming budget. These steps would obviously improve the employment situation and revive the overall consumption across key sectors like Clothing, Auto, FMCG etc "


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