Key #UnionBudget 2016 expectations
Key Union Budget expectations :
1) Lower STT or Removal
2) cap gains period will b increased to 3 years from 1 year - this will b big -ve if happens
3) service tax will b hiked to 16% from 14.5%
4) Disinvestment target of 30k cr
5) net market borrowing programme est to fall 3% to 4.33 lac cr
Gross mkt borrowing 6.14 lac cr , net redemptions 1.81 lac cr adjustments
6) Fy17 fiscal deficit exp 3.7-3.9% of GDP as govt to defer FRBM target by a year
7) If govt manages to retain 3.5% fiscal deficit target , it will b seen as big positive as it's strong signal for rate cut on fiscal consolidation
8) bank recapitalisation of 25k cr
9) total subsidy burden exp to increase to 2.40 lac cr in fy17 from 2.32 lac cr due to increase in food subsidy by 12k cr to 1.36 lac cr
1) Lower STT or Removal
2) cap gains period will b increased to 3 years from 1 year - this will b big -ve if happens
3) service tax will b hiked to 16% from 14.5%
4) Disinvestment target of 30k cr
5) net market borrowing programme est to fall 3% to 4.33 lac cr
Gross mkt borrowing 6.14 lac cr , net redemptions 1.81 lac cr adjustments
6) Fy17 fiscal deficit exp 3.7-3.9% of GDP as govt to defer FRBM target by a year
7) If govt manages to retain 3.5% fiscal deficit target , it will b seen as big positive as it's strong signal for rate cut on fiscal consolidation
8) bank recapitalisation of 25k cr
9) total subsidy burden exp to increase to 2.40 lac cr in fy17 from 2.32 lac cr due to increase in food subsidy by 12k cr to 1.36 lac cr
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