Businessgang

  The   Budget 2022   session of the Parliament began on Monday. Here’s all you need to know about Budget date, time, Economic Survey, Budget speech and more Budget session 2022 : The Budget Session of the Parliament started on Monday with President Ram Nath Kovind addressing a joint session of the Houses. The session will be held in two parts – the first part of the session would conclude on February 11, 2022. After a month-long recess, part two of the session would begin on March 14, 2022, and conclude on April 8, 2022.

  Markets have positively reacted to most Budgets presented by the Modi-govt. Last year’s Budget saw the benchmarks climbing over 5% on the D-Day. Will the markets repeat their 2021 performance? Equity markets started the  Budget  week with solid gains on Monday as supportive global cues, and anticipation of a populist Budget drove investors towards Dalal Street. The S&P BSE Sensex surged over 1,000 points to 58,248 levels, while the Nifty50 index moved up 300 points to 17,407 levels in intra-day deals. The indices, however, ended at 58,014 and 17,340 levels, rising 814 and 238 points, respectively. As all eyes will be on Budget proposals today, let’s look at past data to know if equities could rally post the Budget or will they see profit booking? An analysis by Business Standard’s Research Bureau shows that, 38 budgets have been presented since 1991. Markets, on their part, have risen and fallen almost equal number of times. The Sensex index has clocked a post Budge...

  Finance Minister will probably increase the   Budget   by about 14% year-on-year to Rs 39.6 trillion in the fiscal year beginning April. India, which is set to regain the world’s fastest-growing major economy title, will likely prioritize growth over fiscal consolidation by boosting spending, according to economists surveyed ahead of Tuesday’s presentation of the nation’s federal budget. Finance Minister Nirmala Sitharaman will probably increase the budget by about 14% year-on-year to 39.6 trillion rupees ($527 billion) in the fiscal year beginning April, according to the median of estimates compiled by Bloomberg. She is expected to leave tax rates largely unchanged, and instead rely on income from asset sales and a near-record borrowing of about 13 trillion rupees to partly fund the plan, the survey showed. Budget likely to boost spending with near-record debt, hold tax rates Elevated expenditure will, for yet another year, keep the government’s budget deficit wider th...

Budget 2022 expectations: Tax incentives to consumers and merchants, clarity on cryptocurrency and ease of doing business, here's what Fintech industry wants from finance minister Nirmala Sitharaman. All eyes will be on Finance Minister Nirmala Sitharaman as she unveils the Union Budget 2022 on February 1. The financial technology (fintech) industry has had a phenomenal year, with Covid restrictions forcing people to stay in and manage everything from home. The government has been constantly pushing for digital transactions and the use of technology such as the united payment interface (UPI), which was one of the objectives of announcing demonetisation in 2016. Since then, smartphones have become a valid mode of financial transactions. Mobile wallets and other forms of digital payments happen via smartphones. Fintech companies have also been using smartphones to provide instant financial services to users like approving loans, enabling stock market trading, and so on. Around 44 bi...

  Brokerage house Religare Broking expects the government to continue its focus on reviving economic growth by increasing spending on key sectors in   Budget 2022 . It believes the underlying theme would be similar to last year wherein the focus would be on increasing capital expenditure in key social sectors like infrastructure, housing and healthcare space. Announcements in agriculture would help in boosting rural growth, increasing farmers income and help job creation. Therefore, companies like PI, Coromandel, Rallis and Godrej Agrovet, etc would benefit from any such measures if announced, as per the brokerage. Push towards affordable housing will be positive for housing finance companies including HDFC, LIC Housing Finance, Can Fin Homes. Meanwhile, an increase allocation and widening of production linked incentive schemes (PLIs) will likely boost order book of capital goods players which could be positive for L&T, Thermax, Siemens India, Polycab India, KEI Industries...

  The Union   Budget 2022   should aim at long-term holistic growth for the auto industry prioritising job creation, infrastructure development, introduction of latest technologies and increased decarbonisation efforts, luxury carmaker Mercedes-Benz India said. The company retailed 11,242 units in 2021, a growth of 42.5 per cent over 7,893 units in 2020. “With stable policies and a clear road map for the sector, an accelerated growth can be achieved transitioning the industry swiftly into the emerging e-mobility era, putting the Indian auto industry on the global map,” Mercedes-Benz India Managing Director and CEO Martin Schwenk said in a statement. The Pune-based automaker also sought changes in the existing taxation structure. “A re-look into the existing taxation structure with a clear focus on the direct tax changes to boost consumption, export promotion, direct job creation and promotion of digitisation is highly desired,” Schwenk noted. Continued government spending...

  The Central government has done a lot of work for the real estate sector in the previous years with landmark initiatives. The Central government has done a lot of work for the real estate sector in the previous years with landmark initiatives. The sector is hoping that the continued support will positively impact not just the real estate sector, but the overall economy of the country. It’s noteworthy that the government has also paid constant attention to the suggestions, advice and recommendations of the real estate sector and has made many changes in the rules and regulations accordingly. Due to these efforts, the real estate sector in the country has received a lot of impetus and has been able to come out of its slowdown days. However, some issues and key areas still remain, which need to be resolved soon. With this, the government will be able to lay a strong foundation and also be able to fulfil its mission of ‘housing for all’ at the earliest. The government had announced t...

 We believe that the infrastructure sector is one sector where a Budget 2022 outlay is almost certain. Companies that are diversified infrastructure players that are engaged in roads, bridges, ports, dams, airports etc., are likely to be big beneficiaries. Here are 2 stocks that could benefit from Union Budget 2022-23. This is the biggest infrastructure company that operates in the country. From construction to engineering the company has a presence in almost every area. If the outlay accorded to various categories of infrastructure rises, L&T is likely to be a big beneficiary. Of course, the company has over the years has also seen significant order book from abroad. We wish to state that we believe the stock could be a beneficiary, though we are not analyzing the same for the purpose of buying or selling. Out take right now is that the L&T stock over the last 1-year has gone-up significantly and so have the markets. Do that extent we would not advise any...

  Breaking away from the tradition of the customary `Halwa ceremony` before the commencement of the   Budget 2022   Session of the Parliament, this time sweets sweets were provided to the core staff due to undergoing “lock-in” at their workplaces. New Delhi: Finance Minister Nirmala Sitharaman will present the Union Budget 2022 on February 1 (Tuesday). This budget will be focussed towards boosting India’s economic growth and maintaining the fiscal disciple in the aftermath of the ongoing Covid-19 pandemic. Breaking away from the tradition of the customary  Halwa ceremony  before the commencement of the Budget Session of the Parliament, this time sweets sweets were provided to the core staff due to undergoing “lock-in” at their workplaces. (Here’s looking at Longest and shortest Budget speeches given by India’s Finance Ministers) The move has been deemed fit due to the COVID-19 pandemic in the country, keeping the health and safety concerns of people. Also, FM Si...