Budget 2021 – What to expect
Budget 2021 – Predictions by Mr. Deepak Jasani – Head of Retail Research, HDFC securities.
1. No huge reforms expected in direct and indirect taxes, except for a few in capital market investments.
2. Focus on boosting manufacturing through PLI incentives to promote home-grown manufacturing and job creation.
3. Increased allocation to social sectors like MNREGA, Education and Health Ministries.
4. Introduction of Corona Cess to fund Covid vaccine costs.
5. Schemes to boost consumer and capex spending to kickstart the economy.
6. Increasing disinvestment targets, with planned disinvestments to be spilled-over to the next fiscal year.
7. Fiscal Deficit Expected to rise to 7.6% in FY21 and 9.2% in FY22.
8. Increased Focus on PSU sector with PSU managers’ payments being linked to performance/ stock price movements and PSU targets based on RoE/RoCE.
Get full coverage of Union Budget 2021, visit https://www.hdfcsec.com/budget2021wit...
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