Feb 01, 2019 10:07 AM IST | Source: Moneycontrol.com
Union Budget 2019-20 LIVE: FM Piyush Goyal arrives at Parliament; to present Interim Budget at 11 am
Interim Finance Minister Piyush Goyal will present the Interim Budget 2019 in the Parliament today. Stay tuned for LIVE updates.
Top
What Nilesh Shah of Envision Capital watches for in the Budget
Shah told CNBC-TV18 he does not expect fiscal prudence from this budget so will be the most important number to be watched.
He feels LTCG tax on equities can be removed as there is unlikely to be any material collection happening.
Budget in a minute: How spending estimates can change
Here's an expert view on the Aviation sector
"We hear that tax brackets could be reduced, GST on travel and tickets could be reduced to 5 percent. Import duties could be higher. This budget will be big on infra. At the same time, we may have no comment on the divestment in Air India, Pawan Hans, BHEL and HAL. That was expected to raise over Rs 1 lakh crore for the government in the preceding fiscal year, " says Mark Martin, Founder and CEO of Martin Consulting LLC, an aviation advisory and consulting firm.
"Farmers being a key focus of the Modi government, either a reduction in premium or an increase in the total coverage area under Pradhan Mantri Fasal Bima Yojana is a key expectation from the Budget. The decrease in the number of farmers covered under the scheme has been a cause of concern for the government" - M Saraswathy, Assistant News Editor, Moneycontrol.
Rashesh Shah of Edelweiss believes the economy is poised for good times. In an interview with CNBC-TV18, he seemed confident the government will stick to the FY19 fiscal deficit target of 3.3%. Government borrowing plan for the next year will be important to assess market liquidity, he said, adding, crude fall, postponing expenditure will help in meeting the fiscal deficit.
Decoding Modinomics | Infrastucture and manufacturing
What does the real estate sector expect from the budget?
JUST IN | Finance Minister Piyush Goyal leaves North Block and he is heading for Parliament now, reports ANI.
Decoding Modinomics | How India fared on macros under Modi
"Ashwani Gujral tells CNBC-TV18 no reason to be excited about the Budget. While many may hope for a dream Budget or something like that, there is unlikely to be anything big. This is a vote on account after all. He is voicing the general mood in the market" - Santosh Nair, Editor, Moneycontrol.
JUST IN | Union Cabinet to meet ahead of the Interim Budget 2019 presentation in the Parliament today, reports ANI.
"When Piyush Goyal rises to present the Interim Budget today, it marks his stellar rise from being the BJP's treasurer when the party was in opposition to now being the Railways and Coal minister, besides interim Finance and Corporate Affairs ministers. Insiders attribute his rising clout in the BJP to his strong connections in business circles as well as his impressive execution skills" - Nazim Khan, Senior Editor, Moneycontrol.
"Market appears to have discounted some populist measures in the Budget. But Budget is not the big trigger for the market in the short term; that trigger will be the outcome of the general elections. There could be a knee jerk reaction on either side depending on the announcements in the Budget, but that will likely be short-lived" - Santosh Nair, Editor, Moneycontrol.
WATCH | All you need to know about excess grants
Interim Budget 2019: Here's a wish list from the real estate sector
Three days ahead of the Interim Budget 2019, real estate developers are hoping that the government would rationalise the Goods and Services Tax slab for properties that are under construction and bring the stamp duty within the purview of the GST.
Home buyers wish that the government would take steps for the creation of a stressed asset fund to deal with the issue of incomplete projects and provide an EMI holiday to those whose houses have been facing undue delays.
Interim Budget 2019: Measures that could boost MSME banking space
Interest subvention for customers with a good track record in the MSME space tops the charts of expectations by brokerages from the interim Budget for the banking space. They believe that such a move will boost loan growth in this space. Along with it, any tax benefits on general deposits, at par with other market instruments could also bring back investments into the banking space.