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Below are Views On Union Budget 2021 Perspective by Mr. Krishna Kumar Karwa, Managing Director - Emkay Global Financial Services

 “Hats off to the FM for sticking to her promise of a budget that will be remembered for 100 years . A budget with no changes in Direct taxes will certainly be remembered for years to come . Equity market will be enthused with no tinkering in capital gains taxes or STT or any form of Covid tax . The proposals to privatize 2 PSBs and 1 general insurance co is noteworthy  as is increase in FDI limit in Insurance to 74%. The much awaited proposal to set up a DFI should boost capex in the coming years . To summarise the revival  in the economy seen in the last 4-5 months  will be further enhanced with the  various budget proposals. Tax buoyancy ,  successful divestments and quick monetization of operating infrastructure assets remain a key to achieving the fiscal deficit target of 6.8 % for Fy 21-22.”

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