High volatility likely ahead of Budget
Budget 2009-10 will mainly focus on the fiscal deficit of the country.
The farm loan waiver, fertilizer subsidy, oil bonds and stimulus packages have hugely contributed to the fiscal burden of the country. It is widely believed that the government will use the disinvestment route to fund the fiscal deficit of the country. Increased budgetary allocation in infrastructure, Removal of FBT, liberalization of FDI norms, some minor tinkering in indirect taxes and sops for export industry is what we expect from this budget. Stakes are high and stage is set
There would be a lot of effort to increase the stimulus to the economy. What better way than to increase the expenditure and sops to infrastructure. Education, Water, Power, Rural Employment, and Defense will see higher allocations. Expect a package for exporters, especially Textiles and Gems & Jewellery. STT may be rationalized further. There will be more deduction for housing and taxable income levels may be raised.
Budget 2009-10 will mainly focus on the fiscal deficit of the country.
The farm loan waiver, fertilizer subsidy, oil bonds and stimulus packages have hugely contributed to the fiscal burden of the country. It is widely believed that the government will use the disinvestment route to fund the fiscal deficit of the country. Increased budgetary allocation in infrastructure, Removal of FBT, liberalization of FDI norms, some minor tinkering in indirect taxes and sops for export industry is what we expect from this budget. Stakes are high and stage is set
There would be a lot of effort to increase the stimulus to the economy. What better way than to increase the expenditure and sops to infrastructure. Education, Water, Power, Rural Employment, and Defense will see higher allocations. Expect a package for exporters, especially Textiles and Gems & Jewellery. STT may be rationalized further. There will be more deduction for housing and taxable income levels may be raised.
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