LTCG removal, fiscal prudence: What brokerages want from FM this Budget?
With
barely a few days left for the NDA (National Democratic Alliance)
government to present the Union
Budget
proposals for financial year 2020-21 (FY21), most domestic and
foreign brokerages look forward to credible steps to prop-up growth
and provide some relief to the individual income-tax payers in terms
of a cut in tax rates.
Here
are some of the key things on the wish list of leading brokerages.
Morgan Stanley
We
expect the budget to: (a) focus on credible fiscal numbers and
gradual consolidation, (b) continue to favour investment-driven
growth with redistributive spending likely to remain in line with
nominal GDP growth, (c) provide strong intent to raise additional
resources through strategic divestment and asset monetization, and
(d) provide a credible medium-term fiscal consolidation plan and
improve the health of the public sector balance sheet.
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