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Budget 2023: How various businesses responded to PM Narendra Modi government`s growth vision in the face of global challenges Below is Companies reaction to the first budget of ‘Amrit Kaal’ that’s focusing on Green growth, infrastructure and investment, youth power,  financial sectors and many more India's Union Budget 2023 was announced on 1st February by Finance Minister Nirmala Sitharaman. The Finance Minister made numerous significant announcements addressing various sectors in the budget speech. She made significant announcements regarding green economy, youth, digital growth, arti...
Budget 2023: How various businesses responded to PM Narendra Modi government`s growth vision in the face of global challenges
Budget 2023: How various businesses responded to PM Narendra Modi government`s growth vision in the face of global challenges
Source: PR Agency
3/02/2023 5:30:01 PM
Post Budget Analysis : The well-balanced and forward looking Budget Says Ravi Kumar, Upstox Below is Post Budget Comment By Ravi Kumar, Founder & CEO, Upstox  “We are thrilled to see this budget’s well-balanced and forward looking approach. From basic infrastructure to environment, from fintech to education and upskilling, the budget covers it all and accelerates efforts to achieve inclusive and sustainable development.  In line with the government's vision to strengthen financial inclusion, the establishment of the National Financial Informa...
Post Budget Analysis : The well-balanced and forward looking Budget Says Ravi Kumar, Upstox
Post Budget Analysis : The well-balanced and forward looking Budget Says Ravi Kumar, Upstox
Source: PR Agency
3/02/2023 2:35:33 PM
Post-Budget Reaction by Mr. Akshay Mehrotra, Co-Founder and CEO of Fibe Mr. Akshay Mehrotra, CEO and Co-Founder of Fibe post-budget 2023 reaction: “As India's Finance Minister Nirmala Sitharaman presented the budget for FY 23-24, I felt it was an inclusive one with a focus on most sectors. The budget which seeks to lower India’s fiscal deficit, with a focus on digitalization and incentives for investments to support an economy that is caught in the global slowdown along with the revision of income tax slabs, is a true testament t...
Post-Budget Reaction by Mr. Akshay Mehrotra, Co-Founder and CEO of Fibe
Post-Budget Reaction by Mr. Akshay Mehrotra, Co-Founder and CEO of Fibe
Source: PR Agency
2/02/2023 7:14:03 PM
Post Budget Reaction : Union Budget 2023-24 has continued the government`s focus on the India growth story Says Manish Mehan, TK Elevator India Below is Post Budget Comment By Mr. Manish Mehan, CEO and MD of TK Elevator India post-budget 2023 reaction: “Union Budget 2023-24 has continued the government’s focus on the India growth story. In this year’s budget, the GOI has recognized infrastructure and investment as one of the 7 priorities that the budget is based on. The 33% higher capital outlay of Rs 10 lakh crore on infrastructure development will build a foundation for Tier 2 & Tier 3 cities to t...
Post Budget Reaction : Union Budget 2023-24 has continued the government`s focus on the India growth story Says Manish Mehan, TK Elevator India
Post Budget Reaction : Union Budget 2023-24 has continued the government`s focus on the India growth story Says Manish Mehan, TK Elevator India
Source: PR Agency
2/02/2023 5:21:12 PM
Union Budget Review : Big Capex thrust-led consolidation Says Emkay Global Financial Services *  The FY24 budget has ensured that fiscal impulse is maximized to improve potential growth, while signaling adherence to medium-term fiscal sustainability. The focus on better resource allocation and sectoral reforms has continued, even as policymakers face a stiff global macro climate, which has had adverse impact on the twin deficit in FY23. Push for a transparent tax regime is likely to continue ahead. The need for revenue mobilization – on both, the taxes front and asset monet...
Union Budget Review : Big Capex thrust-led consolidation Says Emkay Global Financial Services
Union Budget Review : Big Capex thrust-led consolidation Says Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2/02/2023 5:12:40 PM
Focus on fiscal consolidation; however, capital expenditure push intact By Angel One Ltd The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GDP by 2025-26 has fixed the deficit for 2023-24 at 5.9%. The reduction in Fiscal deficit figure was expected led by reduction in subsidies post pandemic and moderating global commodity inflation. Deficit figure of 6.4% for FY2023 was retained as budgeted. The Government expenditure for FY2023 was revised upwards to ?41.8 lakh Cr. from the budget estimate of ?39.4 lakh Cr. This was led primarily on acco...
Focus on fiscal consolidation; however, capital expenditure push intact By Angel One Ltd
Focus on fiscal consolidation; however, capital expenditure push intact By Angel One Ltd
Source: Angel One Ltd
2/02/2023 5:08:48 PM
Union Budget FY23-24 : Prioritizing substance over show Says Anand Rathi Share and Stock Broker Without much fanfare, the budget did a good balancing act between conflicting objectives including investment-led growth promotion and fiscal consolidation. We expect infra, construction, building material and hospitality companies to be key beneficiaries. Delivering in a tough environment. The Union Budget is presented in the midst of global economic slowdowns. With the highest growth and low inflation versus peers, India stands out as a beacon of hope. The budget has achieved a balanc...
Union Budget FY23-24 : Prioritizing substance over show Says Anand Rathi Share and Stock Broker
Union Budget FY23-24 : Prioritizing substance over show Says Anand Rathi Share and Stock Broker
Source: Anand Rathi Shares and Stock Brokers Ltd
2/02/2023 5:03:34 PM
Sectors - Wise Post Budget Analysis By Industry leaders (Automotive and Tourism)Mr Greg Moran, CEO and CoFounder of Zoomcar: "It's fascinating to see that our Hon'ble Finance Minister has addressed some major concerns about India's progress towards clean energy in the Union Budget 2023. The decision to extend the exemption to capital goods imports for the manufacture of lithium-ion cells for batteries used in electric vehicles is a much-needed boost to green mobility and EV adoption in the country. The government has made a sig...
Sectors - Wise Post Budget Analysis By Industry leaders
Sectors - Wise Post Budget Analysis By Industry leaders
Source: PR Agency
2/02/2023 4:58:06 PM
Budget 2023-24 : Much beyond expectations, a win-win for households and corporates Says Geojit Financial Services The market had mixed expectations on the budget, presuming it to be populist and low elbowroom for the government ahead of the slowing economy, high inflation, and interest rates. However, the government has taken it to a new zone with a welltuned perfection between growth and stability. The rise in capital expenditure by 33% to Rs10 lac cr is the shot in the arm, heading a multiplier effect on the economy. While a plethora of schemes and tax breaks for the rural economy and taxpayers will bo...
Budget 2023-24 : Much beyond expectations, a win-win for households and corporates Says Geojit Financial Services
Budget 2023-24 : Much beyond expectations, a win-win for households and corporates Says Geojit Financial Services
Source: Geojit Financial Services Ltd
2/02/2023 4:41:51 PM
Top 5 Sectors to benefit Post Budget 2023 With the announcement of Union Budget 2023, there is a lot to be excited about - from CapEx boost towards infrastructure development and support for youth empowerment to tax reforms and clean planet programmes. You may also note that with this budget announcement, various sectors are likely to benefit. With various initiatives such as the replacement of old government vehicles with new ones and increased funding towards Indian railways and healthcare projects; the industries covered in thi...
Top 5 Sectors to benefit Post Budget 2023
Top 5 Sectors to benefit Post Budget 2023
Source: .
2/02/2023 4:26:18 PM
Post Budget Reaction : Budget priorities reinforce the support to government`s `Aatmanirbharta` mission Says Y. Viswanatha Gowd, LIC Housing Finance Below is Post Budget Comment By Mr. Y. Viswanatha Gowd, MD & CEO of LIC Housing Finance “The Budget has a clear progressive intent via the 7 Priorities of Budget 2023 as India enters into ‘Amrit Kaal’.  The priorities  reinforce the  support to government’s 'Aatmanirbharta' mission, by focusing on Inclusive development, Youth Power, Infrastructure and investment, Financial Sector, and women empowerment. The raise in CAPEX by 33% is pro...
Post Budget Reaction : Budget priorities reinforce the support to government`s `Aatmanirbharta` mission Says Y. Viswanatha Gowd, LIC Housing Finance
Post Budget Reaction : Budget priorities reinforce the support to government`s `Aatmanirbharta` mission Says Y. Viswanatha Gowd, LIC Housing Finance
Source: PR Agency
2/02/2023 4:14:13 PM
Post Budget Reaction from the Industry leaders Arpit Jain, Founder and CEO of GreedyGame, says "We are glad that the budget has given some relaxation for individuals, MSMEs and enterprises. The finance minister has laid focus on technology by launching an agri-tech accelerator fund for the first time, which is encouraging for the development of the country in the long run. The government has provided relief to start-ups in carry forward and set off of losses, and also extended tax benefits for start-ups which are incorporated till ...
Post Budget Reaction from the Industry leaders
Post Budget Reaction from the Industry leaders
Source: PR Agency
2/02/2023 4:09:23 PM
Post Budget Reaction : Most important aspect of the budget is that it is preparing India for the future Says Sunil Damania, MarketsMojo Below is Post Budget Comment By Sunil Damania, Chief Investment Officer, MarketsMojo This is a terrific budget. I believe that the most important aspect of the budget is that it is preparing India for the future. Whether it is through participation, limiting carbon footprint, or ensuring the rural economy has the money, and plans to reduce pressure on urban infrastructure. It's also a step in the right path toward making India Atmanirbhar and easing of doing business.   The go...
Post Budget Reaction : Most important aspect of the budget is that it is preparing India for the future Says Sunil Damania, MarketsMojo
Post Budget Reaction : Most important aspect of the budget is that it is preparing India for the future Says Sunil Damania, MarketsMojo
Source: PR Agency
2/02/2023 4:03:57 PM
Post Budget Reaction : Budget 2023 is a multi-dimensional Says Suman Bannerjee, Hedonova Below is Post Budget Comment By Suman Bannerjee, CIO, Hedonova Budget 2023 is a multi-dimensional budget offering a consumption boost and capital gains tax status quo. The budget focuses on reviving domestic demand and public investments, creating jobs, increasing infrastructure spending, reducing the deficit, and bringing the economy back on track. The exemption limit on individual income tax has been raised to 7 lakhs, leading to a boost in GDP by approximately 80,000 Rs per person. M...
Post Budget Reaction : Budget 2023 is a multi-dimensional Says Suman Bannerjee, Hedonova
Post Budget Reaction : Budget 2023 is a multi-dimensional Says Suman Bannerjee, Hedonova
Source: PR Agency
2/02/2023 4:01:25 PM
Post Budget Comment : This budget is certainly future-proof and reflective of the value AI can bring to India Says Dr. Mohit Batra, MarketsMojo Below is Post Budget Comment By Dr. Mohit Batra, Founder and CEO, MarketsMojo  The Union Budget for this year has been well received by the market and investors alike, delivering a much-needed appreciation of the potential of Artificial Intelligence (AI).   As pioneers of AI-driven advisory in the equity space, we are excited to witness the nationwide revolution of AI being ushered in by these new budgetary changes. AI has the potential to revolutionize the investor experienc...
Post Budget Comment : This budget is certainly future-proof and reflective of the value AI can bring to India Says Dr. Mohit Batra, MarketsMojo
Post Budget Comment : This budget is certainly future-proof and reflective of the value AI can bring to India Says Dr. Mohit Batra, MarketsMojo
Source: PR Agency
2/02/2023 3:59:17 PM
Post Budget Quote : The core focus of the budget has been to provide Says Sampath Reddy, Bajaj Allianz Life Below is Post Budget Quote By Mr Sampath Reddy, Chief Investment Officer, Bajaj Allianz Life “The core focus of the budget has been to provide a boost for infrastructure / capex, tax incentives under the new tax regime (which will help to boost consumption), continue on the fiscal consolidation glide path and also offer incentives for MSMEs and informal sector. The budget was a growth oriented one with central government capex budgeted to rise by 33% to Rs. 10 lakh crore in FY24 (3....
Post Budget Quote : The core focus of the budget has been to provide Says Sampath Reddy, Bajaj Allianz Life
Post Budget Quote : The core focus of the budget has been to provide Says Sampath Reddy, Bajaj Allianz Life
Source: PR Agency
2/02/2023 3:51:51 PM
Post Budget Quote : Union budget was an inclusive one with a focus on most sectors Says Raunak Karwa, Finlearn Academy Below is Post Budget Quote By Mr. Raunak Karwa, Founder & CEO - Finlearn Academy “The Union budget was an inclusive one with a focus on most sectors. The allocation on Education has been hiked by 13% to Rs 5.17 Lakh Crore. This will help build new capacity in rural areas, and improve the existing facilities. The outlay will help develop new skills and earning streams via passive means. The announcement under Pradhan Mantri Kaushal Vikas Yojana (PMKVY) for skilling of youths. T...
Post Budget Quote : Union budget was an inclusive one with a focus on most sectors Says Raunak Karwa, Finlearn Academy
Post Budget Quote : Union budget was an inclusive one with a focus on most sectors Says Raunak Karwa, Finlearn Academy
Source: PR Agency
2/02/2023 3:44:59 PM
Union Budget : 2023-24 Post Budget Analysis & Stock Ideas By Axis Securities An All-Round Budget Delivering On All Aspirations Our honourable Finance Minister Nirmala Sitaraman presented the Union Budget 2023-34 today. Being the last full-year budget before the Union Election in 2024, the expectations from the Budget were naturally high and hence it was expected to be a growth-oriented budget. Against this backdrop, the Union Budget 2023-24 indeed lived up to its expectations, which was driven primarily by capital expenditure while simultaneously providing an adequ...
Union Budget : 2023-24 Post Budget Analysis & Stock Ideas By Axis Securities
Union Budget : 2023-24 Post Budget Analysis & Stock Ideas By Axis Securities
Source: Axis Securities Ltd
2/02/2023 3:44:06 PM
Post Budget Quote : Focus on capex, job creation and special mention of financial sector reforms are encouraging Says Navneet Munot, HDFC Asset Management Below is Post Budget Quote By Mr. Navneet Munot - MD & CEO, HDFC Asset Management Co Ltd Balancing the expectations of an aspirational country like ours with fiscal prudence is no mean task. The first budget of ‘Amritkaal’ did a fine job of balancing the two, especially against a challenging global backdrop. This budget builds up on the reforms initiated over the past few years with a focus on improving India’s growth potential and quality of life. Continued focus on ...
Post Budget Quote : Focus on capex, job creation and special mention of financial sector reforms are encouraging Says Navneet Munot, HDFC Asset Management
Post Budget Quote : Focus on capex, job creation and special mention of financial sector reforms are encouraging Says Navneet Munot, HDFC Asset Management
Source: PR Agency
2/02/2023 3:35:59 PM
Post Budget Reaction : The union budget 2023-24 is a prudent and growth-oriented budget Ravi Subramanian, Shriram Housing Finance Below is Post Budget Quote By Mr. Ravi Subramanian, MD & CEO of Shriram Housing Finance ltd. The union budget 2023-24 is a prudent and growth-oriented budget. The higher capex outlay will have a huge multiplier effect across the economy. The income tax benefits announced will drive consumption by putting more money in the hands of the middle class. The enhanced outlay for the Pradhan Mantri Awas Yojana by 66% to Rs 79,000 cr is great news for affordable housing in urban areas. The Rs 1...
Post Budget Reaction : The union budget 2023-24 is a prudent and growth-oriented budget Ravi Subramanian, Shriram Housing Finance
Post Budget Reaction : The union budget 2023-24 is a prudent and growth-oriented budget Ravi Subramanian, Shriram Housing Finance
Source: PR Agency
2/02/2023 3:31:01 PM
Post-budget quote on Startups and SME By Amit Pamnani, Swastika Investmart Below is post-budget quote on Startups and SMEs by Mr. Amit Pamnani, Chief Investment Officer, Swastika Investmart Most of the segments like Industries, Startups, salaried & business class all have been given gifts of savings. Over 80,000 startups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) across the country can leverage the tax benefits presented by the budget to build a strong ecosystem. With an extension of the incorporation date for start-ups...
Post-budget quote on Startups and SME By Amit Pamnani, Swastika Investmart
Post-budget quote on Startups and SME By Amit Pamnani, Swastika Investmart
Source: Swastika Investmart Ltd
2/02/2023 3:27:43 PM
Post Budget Comment : The Union Budget for FY24 is a well balanced budget targeting fiscal prudence Says Srinivas Rao Ravuri, PGIM India Mutual Fund Below is Post Budget Comment By Srinivas Rao Ravuri, Chief Investment Officer (CIO), PGIM India Mutual Fund.   The Union Budget for FY24 is a well balanced budget targeting fiscal prudence, investment push as well as some populist moves in equal measures. Fiscal math appears to reliable as before. Government seems to be targeting inclusive growth with a focus on lower and middle class, spurring domestic manufacturing and infrastructure development. We reckon this is a growth or...
Post Budget Comment : The Union Budget for FY24 is a well balanced budget targeting fiscal prudence Says Srinivas Rao Ravuri, PGIM India Mutual Fund
Post Budget Comment : The Union Budget for FY24 is a well balanced budget targeting fiscal prudence Says Srinivas Rao Ravuri, PGIM India Mutual Fund
Source: PR Agency
2/02/2023 3:25:34 PM
Post Budget Quote : The Union Budget FY23-24 is an extremely progressive and inclusive one with a huge focus on infrastructure and capex growth Says Bhargav Dasgupta, ICICI Lombard Below is Post Budget Quote By Mr. Bhargav Dasgupta ICICI Lombard MD and CEO “The Union Budget FY23-24 is an extremely progressive and inclusive one with a huge focus on infrastructure and capex growth while maintaining the fiscal consolidation path. With fiscal deficit being reduced to 5.9% whilst providing an extremely bullish capex investment of Rs. 10 lac crs (highest ever); will in effect convert revenue expenditure to capital expenditure which has a higher multiplier e...
Post Budget Quote : The Union Budget FY23-24 is an extremely progressive and inclusive one with a huge focus on infrastructure and capex growth Says Bhargav Dasgupta, ICICI Lombard
Post Budget Quote : The Union Budget FY23-24 is an extremely progressive and inclusive one with a huge focus on infrastructure and capex growth Says Bhargav Dasgupta, ICICI Lombard
Source: PR Agency
2/02/2023 3:09:53 PM
Post Budget Reaction : Focus on sustainable growth under the spirit of Amrit Kaal Says Jeetender Sharma, Okinawa Autotech Below is Post Budget Quote By Mr. Jeetender Sharma, Managing Director & Founder, Okinawa Autotech “Okinawa Autotech welcomes the government’s focus on sustainable growth under the spirit of Amrit Kaal. The elaborate focus on capital expenditure, infrastructure development, green growth, rural development health, education and skilling will support the nation to play a dominant role in the new world. We compliment Finance Minister for providing a big boost to green mobility....
Post Budget Reaction : Focus on sustainable growth under the spirit of Amrit Kaal Says Jeetender Sharma, Okinawa Autotech
Post Budget Reaction : Focus on sustainable growth under the spirit of Amrit Kaal Says Jeetender Sharma, Okinawa Autotech
Source: PR Agency
2/02/2023 3:00:01 PM
Budget Review 2023-24 : Accelerating capex to retool economy Says ICICI Direct The Union Budget truly exemplifies the government theme of “India First, Citizen First”. The inclusive development approach was clearly visible through leveraging the digital infra for multiple utilities, accelerating investment cycle via robust allocation, green growth, which will catalyse the multiplier effect on the economy. On the fiscal front, the glide path on reducing fiscal deficit has been complied with as fiscal deficit is likely to go down to 5.9% in FY24E vs. 6.4% in F...
Budget Review 2023-24 : Accelerating capex to retool economy Says ICICI Direct
Budget Review 2023-24 : Accelerating capex to retool economy Says ICICI Direct
Source: ICICI Direct Ltd
2/02/2023 2:52:39 PM
Post Budget Quote : The Union Budget 2023-24 has been presented at a time when the Nation has come to a new normal Says Gurmeet Singh Chawla, Master Capital Services Below is Post Budget Quote By Gurmeet Singh Chawla, Master Capital Services, Director, In the sectoral domain, over the last 7 years, the metal sector exhibited positive returns for 5 times in the post-budget month. The sector that outpaced other sectors is Energy, giving positive returns twice. The third sector which has been on our list is media, which closed in green twice, though the average return is negative for the last 7 years. The Union Budget (2023-24) has been p...
Post Budget Quote : The Union Budget 2023-24 has been presented at a time when the Nation has come to a new normal Says Gurmeet Singh Chawla, Master Capital Services
Post Budget Quote : The Union Budget 2023-24 has been presented at a time when the Nation has come to a new normal Says Gurmeet Singh Chawla, Master Capital Services
Source: PR Agency
2/02/2023 2:41:10 PM
Strengthening the Growth ship Budget 2023 By Axis Mutual Fund Introduction In yet another finely crafted budget, the actions outlined, strike a balance between the need for growth and fiscal consolidation. For the first time the budget also mentions the need to invest and incubate future-centric industries, new age technologies and data sciences. On the infrastructure front, a mammoth 33% increase in capex spending without blowing out the budget math is commendable. We believe the budget is a declaration by the government for growth, inclusion, su...
Strengthening the Growth ship Budget 2023 By Axis Mutual Fund
Strengthening the Growth ship Budget 2023 By Axis Mutual Fund
Source: Axis Mutual Fund
2/02/2023 1:15:17 PM
Post Budget Quote : Overall, the Union Budget FY24 presents a positive outlook for the economy Says Aamar Deo Singh, Angel One Ltd Below is Post Budget Quote By Mr. Aamar Deo Singh, Head Advisory, Angel One Ltd The last full budget ahead of next year’s general elections, it focusses on growth driven by capital expenditure & consumption boost. It appears to be a pragmatic budget, managing a fine balance between fiscal deficit and providing some relief from high inflation. Further, overhauling the income tax structure, should add more money in the hands of the middle-class taxpayers, is also a welcom...
Post Budget Quote : Overall, the Union Budget FY24 presents a positive outlook for the economy Says Aamar Deo Singh, Angel One Ltd
Post Budget Quote : Overall, the Union Budget FY24 presents a positive outlook for the economy Says Aamar Deo Singh, Angel One Ltd
Source: Angel One Ltd
2/02/2023 12:45:30 PM
Budget strengthens the fundamental pillars and ensures resilience, inclusivity and sustainability: FICCI Reflects a nimble footed and agile approach to keep India on the growth path Commenting on the Union Budget 2022-23, Mr Subhrakant Panda, President, FICCI said, “FICCI congratulates the Hon’ble Finance Minister for delivering a balanced and progressive Union Budget which gives primacy to inclusive growth. The announcements made today capture the pulse of the economy while retaining credibility both in terms of projections as well as committing to the fiscal consolidat...
Budget strengthens the fundamental pillars and ensures resilience, inclusivity and sustainability: FICCI
Budget strengthens the fundamental pillars and ensures resilience, inclusivity and sustainability: FICCI
Source: PR Agency
2/02/2023 12:41:31 PM
Post Budget Reaction : The budget announcements provide impetus to the financial sector Says Krishnan Sitaraman, CRISIL Ratings Below is Post Budget Reaction By Krishnan Sitaraman, Senior Director & Deputy Chief Ratings Officer, CRISIL Ratings “The budget announcements provide impetus to the financial sector from both near-term and long-term perspectives. Near term, on credit growth, we see measures which are expected to provide a troika of tailwinds for banks and NBFCs alike — first, growth in capex outlay by 33% to Rs10 lakh crore should be supportive for corporate credit growth; second, r...
Post Budget Reaction : The budget announcements provide impetus to the financial sector Says Krishnan Sitaraman, CRISIL Ratings
Post Budget Reaction : The budget announcements provide impetus to the financial sector Says Krishnan Sitaraman, CRISIL Ratings
Source: PR Agency
2/02/2023 12:37:36 PM
Post Budget Quote : The budget reiterates the government`s vision for long term economic growth through increased Says Mr. Shivam Bajaj, Avener Capital Below is Post Budget Quote By Mr. Shivam Bajaj - Founder & CEO at Avener Capital "The budget reiterates the government’s vision for long term economic growth through increased capital expenditure and enhanced consumption. Growth in capital expenditure while maintaining fiscal consolidation will have a cascading impact on the economy in terms of strong corporate earnings, growth stimulus to all core sectors and employment generation. The focus on infrastructure develop...
Post Budget Quote : The budget reiterates the government`s vision for long term economic growth through increased Says Mr. Shivam Bajaj, Avener Capital
Post Budget Quote : The budget reiterates the government`s vision for long term economic growth through increased Says Mr. Shivam Bajaj, Avener Capital
Source: PR Agency
2/02/2023 12:34:25 PM
Union Budget Provides A Boost To Economic Growth Says Shishir Baijal, Knight Frank India Below is Post Budget Views By Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India The union budget presented today by the honourable Finance Minister is growth oriented and with a long- term view of social and infrastructure development. The budget is cognizant of the need to empower the different segments of the economy and the society. In doing so, the allocations for the various infrastructure developments are very critical.  The massive 33% increase to INR ...
Union Budget Provides A Boost To Economic Growth Says Shishir Baijal, Knight Frank India
Union Budget Provides A Boost To Economic Growth Says Shishir Baijal, Knight Frank India
Source: PR Agency
2/02/2023 12:28:26 PM
Union Budget 2024: Short and Sweet Says Mr. Amar Ambani, Yes Securities Below is Post Budget Quote By Mr. Amar Ambani, Group President and Head- Institutional Equities, YES SECURITIES “In her shortest budget speech that lasted 87 minutes, the sweet spot, without doubt, was the capex intensity budgeted by the Finance Minister. Spurred by a tax bonanza, thanks to formalization of the economy and inflation, the FM accelerated the capex run-rate. Apart from the central investment, states have been allocated a higher share of money with incent...
Union Budget 2024: Short and Sweet Says Mr. Amar Ambani, Yes Securities
Union Budget 2024: Short and Sweet Says Mr. Amar Ambani, Yes Securities
Source: Yes Securities Ltd
2/02/2023 12:25:07 PM
Industry experts present a list of the key highlights from the budget for 2023 - 2024 1. Mr Vinod Nair, Global VP of Sales and General Manager Noventiq India: In recent budgets, India’s government has shown itself to be both imaginative and effective when it comes to deploying policies and incentives which will continue to attract innovators and incentivise them to draw on India’s spectacular talent pools. Of course, these have mostly been life-support measures to help those companies which took a hit during the COVID-19 pandemic, but, this year, we can e...
Industry experts present a list of the key highlights from the budget for 2023 - 2024
Industry experts present a list of the key highlights from the budget for 2023 - 2024
Source: PR Agency
2/02/2023 12:22:29 PM
Post Budget Analysis : This year`s Union Budget is noteworthy on a number of counts Says Murali Ramakrishnan, The South Indian Bank Below is views on Union Budget 2023 by Mr. Murali Ramakrishnan MD and CEO of The South Indian Bank  "This year’s Union Budget is noteworthy on a number of counts. Effective implementation of schemes like opening of 47.8 crore PM Jan Dhan bank accounts will benefit common citizens.  With the establishment of the Urban Infrastructure Development Fund (UIDF), we expect infrastructure in tier 2 and tier 3 cities receiving a significant boost. The enabli...
Post Budget Analysis : This year`s Union Budget is noteworthy on a number of counts Says Murali Ramakrishnan, The South Indian Bank
Post Budget Analysis : This year`s Union Budget is noteworthy on a number of counts Says Murali Ramakrishnan, The South Indian Bank
Source: PR Agency
2/02/2023 12:18:59 PM
Post Budget Quote : The annual allocation of Rs 10000 crore for urban infrastructure development will lead to demand creation for steel Says Sanjay Gupta, APL Apollo Tubes Below is Post Budget Quote By Mr. Sanjay Gupta, CMD, APL Apollo Tubes "Considered as the backbone of the country’s infrastructure growth, the steel industry is here to get a considerable boost with the inclusion of infrastructure development into the seven priorities of Budget 2023. We equally welcome the respected Finance Minister’s comprehensive focus on proposing 100 critical transport infrastructures for last and first-mile connectivity with an investment of Rs 75...
Post Budget Quote : The annual allocation of Rs 10000 crore for urban infrastructure development will lead to demand creation for steel Says Sanjay Gupta, APL Apollo Tubes
Post Budget Quote : The annual allocation of Rs 10000 crore for urban infrastructure development will lead to demand creation for steel Says Sanjay Gupta, APL Apollo Tubes
Source: PR Agency
2/02/2023 12:10:04 PM
Post Budget Reaction : MSME sector got an enhanced lifeline by the infusion of Rs 9,000 crore to the credit guarantee corpus Says Aditya Damani, Credit Fair Below is Post Budget Quote By Mr. Aditya Damani, Founder & CEO of Credit Fair In the Budget FY24, the MSME sector got an enhanced lifeline by the infusion of Rs 9,000 crore to the credit guarantee corpus. It will enable additional collateral-free guaranteed credit of Rs 2 lakh crore, which is a big relief to the credit-starved sector. Further, the cost of credit will also be reduced by about 1%. Thus, largely, the MSMEs have received a favourable treatment in the budget. More dire...
Post Budget Reaction : MSME sector got an enhanced lifeline by the infusion of Rs 9,000 crore to the credit guarantee corpus Says Aditya Damani, Credit Fair
Post Budget Reaction : MSME sector got an enhanced lifeline by the infusion of Rs 9,000 crore to the credit guarantee corpus Says Aditya Damani, Credit Fair
Source: PR Agency
2/02/2023 12:03:18 PM
Post Budget Analysis : As expected, Budget 2023 is a growth-oriented Budget Says Mini Nair, Geojit Financial Services Below is Post Budget Quote By Mini Nair, CFO at Geojit Financial Services As expected, Budget 2023 is a growth-oriented Budget. Almost every factor needed for propelling the country’s economic growth are covered in the budget. The major focus is on capital expenditure, outlay for Capital expenditure has been increased by 33% to 10 lakh crores, almost 3 times the outlay made in 2020. This is an extremely positive movement. Containing a fiscal deficit at 5.9% is another positive factor...
Post Budget Analysis : As expected, Budget 2023 is a growth-oriented Budget Says Mini Nair, Geojit Financial Services
Post Budget Analysis : As expected, Budget 2023 is a growth-oriented Budget Says Mini Nair, Geojit Financial Services
Source: Geojit Financial Services Ltd
2/02/2023 11:39:09 AM
Post Budget Analysis : The first Amrit Kaal Budget`s focus on quality of education for all Says Sumeet Mehta, LEAD Below is Post Budget Quote By Sumeet Mehta, Cofounder of LEAD, India’s largest School Edtech company.   " “The first Amrit Kaal Budget’s focus on quality of education for all is progressive and encouraging. I welcome the focus on teacher training and upskilling students with Industry 4.O skills.  However, while initiatives such as a National Digital Library and support for Eklavya Model Residential Schools are steps in the right directio...
Post Budget Analysis : The first Amrit Kaal Budget`s focus on quality of education for all Says Sumeet Mehta, LEAD
Post Budget Analysis : The first Amrit Kaal Budget`s focus on quality of education for all Says Sumeet Mehta, LEAD
Source: PR Agency
2/02/2023 11:34:57 AM
Post Budget Analysis : There is ample support shown to positively impact the development of `make AI in India` and `make AI work for India` Says Sumeet Srivastava, Spocto Below is Post Budget Comment From Mr. Sumeet Srivastava, CEO & Co-Founder, Spocto "From a financial inclusion perspective, the increase in tax slab will lead to greater access to credit, which would pave the way for more people to be a part of the financial mainstream. As for the tech ecosystem, there is ample support shown to positively impact the development of 'make AI in India' and 'make AI work for India'. In the data space, the government's initiativ...
Post Budget Analysis : There is ample support shown to positively impact the development of `make AI in India` and `make AI work for India` Says Sumeet Srivastava, Spocto
Post Budget Analysis : There is ample support shown to positively impact the development of `make AI in India` and `make AI work for India` Says Sumeet Srivastava, Spocto
Source: PR Agency
2/02/2023 11:11:44 AM
Post Budget Comment : The Union Budget was clearly growth focused along with being pragmatic Says Devang Mehta, Centrum Wealth Below is Post Budget Comment From Mr Devang Mehta, Head- Equity Advisory, Centrum Wealth The Union Budget was clearly growth focused along with being pragmatic, considering that the Government had a tight rope walk between managing the fiscal deficit and providing some relief to tax payers on the personal income tax front. Higher capex spend and boosting consumption should provide a major boost to the economy. Continuity of policies and  being progressive along with being fi...
Post Budget Comment : The Union Budget was clearly growth focused along with being pragmatic Says Devang Mehta, Centrum Wealth
Post Budget Comment : The Union Budget was clearly growth focused along with being pragmatic Says Devang Mehta, Centrum Wealth
Source: PR Agency
2/02/2023 11:07:47 AM
Post Budget Quote : Focus on firming up digital infrastructure and capital expenditure Says V P Nandakumar, Manappuram Finance Below is Post Budget Comment From Mr. V P Nandakumar - Managing Director & CEO of Manappuram Finance Ltd "The key announcements around the MSME sector are likely to help the self-employed and small businesses. High focus on firming up digital infrastructure and capital expenditure will have a snowballing effect on employment generation and new business opportunities. Also, the Union Budget has given freedom of choice to the salaried class and professionals by making the new t...
Post Budget Quote : Focus on firming up digital infrastructure and capital expenditure Says V P Nandakumar, Manappuram Finance
Post Budget Quote : Focus on firming up digital infrastructure and capital expenditure Says V P Nandakumar, Manappuram Finance
Source: PR Agency
2/02/2023 11:04:46 AM
Post Budget Comment : A balanced budget for the sector and the individual Says Mr. Aryaman Vir, MYRE Capital Below is Post Budget Comment From Mr. Aryaman Vir, Founder and CEO, MYRE Capital The FM has presented a largely inclusive, pragmatic, and a balanced budget under the current macroeconomic conditions. The budget lays great emphasis on boosting economic growth and job creation, by allocating a substantial amount towards capital expenditure and also has announced various incentives to support MSMEs, Tourism, boost Regional connectivity and startup sector. Infrastructure and Investment...
Post Budget Comment : A balanced budget for the sector and the individual Says Mr. Aryaman Vir, MYRE Capital
Post Budget Comment : A balanced budget for the sector and the individual Says Mr. Aryaman Vir, MYRE Capital
Source: PR Agency
2/02/2023 11:01:05 AM
Post Budget Analysis : Budget impact on Banking, Insurance, and Capital markets By Shivaji Thapliyal, Yes Securities Below is Post Budget Comment From Mr. Shivaji Thapliyal, Head of Research and Lead Analyst, YES SECURITIES Credit guarantee scheme for MSMEs ·         The revamped schemes will be launched from 1st April and there be an infusion of Rs 90bn into the corpus. ·         This will enable additional collateral free guaranteed credit worth Rs 2 trn. ·    ...
Post Budget Analysis : Budget impact on Banking, Insurance, and Capital markets By Shivaji Thapliyal, Yes Securities
Post Budget Analysis : Budget impact on Banking, Insurance, and Capital markets By Shivaji Thapliyal, Yes Securities
Source: Yes Securities Ltd
2/02/2023 10:57:59 AM
Budget 2023-24 : Budget with Broadbasing Economic Growth Says Ventura Securities The Budget 2023-24 is in continuation of the blueprint drawn for India@100 pushing to fore the theme of “Vasudaiva Kutumbakam” that aims to address global challenges and foster sustainable & inclusive development. The journey during Amrit Kaal envisions a technology and knowledge driven society with strong public finances and a robust financial sector. The Finance Minister, Nirmala Sitharaman has identified 7 priorities – Saptarishi to fulfil the priorities of providi...
Budget 2023-24 : Budget with Broadbasing Economic Growth Says Ventura Securities
Budget 2023-24 : Budget with Broadbasing Economic Growth Says Ventura Securities
Source: Ventura Securities Ltd
2/02/2023 10:30:30 AM
Union Budget 2023-2024 : A Pro-Growth Budget focussed on inclusive growth with tax sops Says LKP Securities The Goodies * A Pro-Growth Budget focussed on inclusive growth with tax sops (for Middle Class & Senior Citizens) and increased Outlay on Agriculture, Infrastructure, Railways & Energy Transition aimed at a force multiplier impact on the Economy. * In a slowing world experiencing recessionary trends, the Budget's thrust on the Digital Ecosystem has clearly been a defining feature to fix several structural issues. * Union Budget adheres to Fiscal Prudence and Market Borrow...
Union Budget 2023-2024 : A Pro-Growth Budget focussed on inclusive growth with tax sops Says LKP Securities
Union Budget 2023-2024 : A Pro-Growth Budget focussed on inclusive growth with tax sops Says LKP Securities
Source: LKP Securities Ltd
2/02/2023 10:17:19 AM
Union Budget - 2023-24 : Fiscal Prudence with focus on Rural and Infra Says Religare Broking The most awaited number from the budget 2023 was the fiscal deficit number and the finance minister stuck to the much anticipated figure of 5.9% for FY24. Deficit for FY23 is at 6.4%. Announcements pertaining to state governments’ deficit have also been received positively by the house. This budget has addressed the pain points of this economy which has been the rural space. Infact, the finance minister categorically mentioned reviving the rural economy is the governments ‘priorit...
Union Budget - 2023-24 : Fiscal Prudence with focus on Rural and Infra Says Religare Broking
Union Budget - 2023-24 : Fiscal Prudence with focus on Rural and Infra Says Religare Broking
Source: Religare Broking Ltd
2/02/2023 10:08:34 AM
Union Budget 2023: A Summary of Key Changes The Union Budget 2023, presented by our honourable Finance Minister, Smt. Nirmala Sitharaman marks her fifth consecutive budget and the first of the "Amrit Kaal" - a golden era according to Vedic astrology. The Finance Minister highlighted seven priority areas, known as "Saptarishis", including a focus on a self-reliant clean planet and empowering the youth. Further, to make the tax system more friendly for taxpayers, the basic exemption limit and rebates have been incr...
Union Budget 2023: A Summary of Key Changes
Union Budget 2023: A Summary of Key Changes
Source: .
2/02/2023 9:38:57 AM