Page 7 - Budget 2021

Best of BS Opinion: A steep fiscal correction, a strategy for GST, and more

Here's a selection of Business Standard opinion pieces for the day

Budget new rules on holding firms queer pitch for sovereign, pension funds

A proposed regime requiring investments through holding companies may have tax implications, say experts

Budget sops may spur up to 10% Mauritius funds to relocate to IFSC

Experts say while global funds may want to consider shifting their India portfolios to IFSC, the move would result in splitting the fund into two, which may not be acceptable to investors

A steep fiscal correction

With modest revenue effort, the burden of cutting the deficit will fall on a big expenditure contraction

Beware! These risks may halt the current bull-run in the markets: Analysts

FM Nirmala Sitharaman announced Rs 1.18 trillion-financial allocation for the highways sector in Budget 2021. However, any delay in roll out of such growth-driven projects may wear-off the bull-run

Centre's plan to club unviable airports unlikely to enthuse investors

Airport monetisation is a crucial component of the Centre's aggressive asset monetisation plan unveiled by Union Finance Minister Nirmala Sitharaman in the Budget for 2021-22

Diverse responses to the Budget

The finance minister did very well for equity market investors. How did she fare with households?

There is no provision to take credit of the agriculture infra cess: Expert

This should not matter much because wherever AIDC has been imposed, the basic customs duty (BCD) or excise duty has been reduced, and in any case

FM's 'Mool Mantra': Can't dodge fiscal deficit, has to be carefully tackled

Sitharaman asserts while govt can give stimulus, long-term infra financing is job of DFIs. Private players in this space will make funding competitive

Govt set to divest stake in defence PSUs Garden Reach, Mishra Dhatu

The government has already invited preliminary bids to sell its 26 per cent stake in BEML along with transfer of management control

Banking funds shine amid Budget boost, deliver 35% returns in three months

Top performers within domain include Tata Banking & Financial Services (15.6%), SBI Banking and Financial Services Fund (16.3%) and Sundaram Fin Services Opp (15.5%)

A record-breaking run: Nifty atop Mount 15,000, Sensex at 51,000

The two indices are up 11% after six straight sessions of gains

Gold exchange blueprint tops Sebi's board meet agenda on February 17

The Sebi board is set to discuss the structure and challenges while setting up a spot gold exchange as proposed in the Union Budget last week

A pro-growth turn in government policy

The growth impact of PLI schemes could start showing up in FY22

Duty cut could bring down domestic steel prices by 10%, says ICRA

Government's proposal to reduce import duty on steel products in Budget 2021-22 would make their imports more competitive and in turn exert near-term pricing pressures on domestic steelmakers

Affle, Dixon Tech: 30 mid, small-caps that you can bet on at current levels

Nearly 20 stocks in Nifty Small-cap 100 are showing strong bullish signals as against 10 stocks of Nifty Mid-cap 100

PM Modi in RS Highlights: 'In touch with farmers, no strain in relations'

PM Modi Rajya Sabha speech: Discussion on the matters referred to in the President's Address takes place on a motion of thanks moved by a member and seconded by another member

DFI likely to be set up with IIFCL's paid-up capital of Rs 10,000 crore

To have lower minimum capital adequacy ratio than NBFCs; IIFCL to clean up its Rs 4,500-crore bad loans

Is Union Budget 2021-22 inflationary? Experts not on the same page

The government has ruled out tweaking the inflation target under the monetary agreement framework between it and the RBI

A closer look at the Budget

There are some areas of concern, though the government has done well to put an end to subsidy fudging and come clean on numbers