Page 11 - Budget 2021

Budget not just about raising, lowering tax: Finance secretary A B Pandey

The Budget should not be seen only as an exercise where you increase or decrease taxes, but also where you provide stability of rates, says Pandey

Auto margins could come under near-term pressure on higher duties

Commercial vehicle companies to gain the most on scrappage, bus orders and infra boost

After Budget newsflow on GST rates, demand hold key for ITC stock

Shares of the cigarette maker hit 52-week high after the Budget left taxes unchanged

Budget rally extends for the second day, Sensex rises another 2.46%

In terms of day-2 performance, this is among the top 10 since 1991, while if one looks at two-day performance (budget and next-day) this is in the top 5

PSU divestment, LIC IPO, fiscal deficit: How brokerages read Budget 2021

Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation, notes analysts at Jefferies

Morgan Stanley ups Sensex target to 55,000; bullish on cyclicals, midcaps

We believe the overall approach of the fiscal policy is in line with the message from the Economic Survey, said Morgan Stanley in a post Budget note

Union Budget 2021: FPIs may have to wait for dividend tax relief

Firms will examine qualitative factors before extending treaty benefits

Railways on the right track

The bottom line is that it calls for a capital expenditure of Rs 16.74 trillion between 2022 and 2031 on track and terminal infrastructure and rolling stock

Budget 2021: 'One Nation, One Ration Card' scheme in 32 states, UTs

'One Nation, One Ration Card' scheme of the Union Government is being implemented by 32 States and Union Territories, reaching about 69 crore beneficiaries, said Finance Minister Sitharaman on Monday

Little for the vulnerable

Budget didn't address special needs of a pandemic year

Union Budget 2021: S&P gives a thumbs up, Nomura calls it a positive

"Likewise, we believe that the resolution of troubled assets could be faster with weak assets consolidated in a single entity, rather than multiple banks negotiating resolution terms," S&P added

Reading the defence budget tea leaves

MoD has managed the defence budget well in a difficult year, but long-term fixes are needed

Expect RBI to keep accommodative stance at least till first half of FY22

We think the MPC could express its willingness to maintain the accommodative monetary stance at least till H1FY22, which should help sentiments

A bold move

Policy on strategic disinvestment is a huge break from the past

Budget 2021: Textile parks may attract big investments from players

Up to Rs 5,000 crore likely as big brands look to scale up manufacturing in the country

Budget 2021: One-person company to propel entrepreneurship, say experts

Concept is attractive as it eradicates need for cumbersome practices like board meetings and financial statement inclusions; Changes introduced may benefit some 200,000 firms

Budget 2021: Mobile phone makers slam higher duty on China imports

However, auto parts makers welcome it as a step that will help localisation

Nifty Bank index buoyant as long-standing demands are met in Budget

Increase of 12.1 per cent clocked in two days is the highest gains posted by the index in almost a year

Budget 2021: More REIT, InvIT listings on the cards, say experts

Allowing debt financing by FPIs will reduce cost of funding, say experts

Investors richer by Rs 10.5 trn after Budget; Sensex crosses 50K-mark again

The Nifty50 index rose 367 points, or 2.6 per cent, to settle at 14,648, surpassing its previous record made on January 20