Call it a day because today's #budget shook the market like no other!
Seems like the amount of large capital offered by the Gov is directly
proportional to a certain sum that they expect in terms of foreign #investment
To make it conducive, certain revolutionary changes have been put into effect
Insurance: FDI hiked from 49% to 74%. This will give boost to some Japanese
conglomerates who eyed 51% stake in #insurance in India in 2020
TDS on dividend payment have been exempted in REITs & InvITs to foster
investments
Infra wise, the FM left no stone unturned. She covered all parts of India for
development in terms of railways, airports, ports, gas pipelines
Introduction of bad banks will increase the velocity of circulation of money by
asset #liquidation
The decrease in custom duty for selected metals & copper scrap is an opening
door of profit for some manufacturing companies, given the upcoming metro line
constructions.
The #manufacturing sector needs to grow twice the current pace to trigger the
GDP growth
All in all, it indeed was "a budget like no other". Hope this turns to be
executed like no other!
The opposition class believed that this budget intended to sell India rather
than develop with #privatisation as the main focus.
What's your sense of the budget 2021?
Originally posted by Radhika Bajoria on LinkedIn
link: linkedin.com/in/radhika-bajoria-3102ba158
Seems like the amount of large capital offered by the Gov is directly
proportional to a certain sum that they expect in terms of foreign #investment
To make it conducive, certain revolutionary changes have been put into effect
Insurance: FDI hiked from 49% to 74%. This will give boost to some Japanese
conglomerates who eyed 51% stake in #insurance in India in 2020
TDS on dividend payment have been exempted in REITs & InvITs to foster
investments
Infra wise, the FM left no stone unturned. She covered all parts of India for
development in terms of railways, airports, ports, gas pipelines
Introduction of bad banks will increase the velocity of circulation of money by
asset #liquidation
The decrease in custom duty for selected metals & copper scrap is an opening
door of profit for some manufacturing companies, given the upcoming metro line
constructions.
The #manufacturing sector needs to grow twice the current pace to trigger the
GDP growth
All in all, it indeed was "a budget like no other". Hope this turns to be
executed like no other!
The opposition class believed that this budget intended to sell India rather
than develop with #privatisation as the main focus.
What's your sense of the budget 2021?
Originally posted by Radhika Bajoria on LinkedIn
link: linkedin.com/in/radhika-bajoria-3102ba158