Thrifty Budget: Massive spending spree proposed to unleash growth
By IANS |
Published on
Mon, Feb 1 2021 22:42 IST |
0 Views
Digital Budget: Made in India tablet replaces bahi-khata . Image Source: IANS News
New Delhi, Feb 1 : The Centre will go in for a massive spending spree on infrastructure creation, healthcare, education and demand generation to revive India s pandemic-battered economy.
In her third budget presentation in the Parliament on Monday, Finance Minister Nirmala Sitharaman proposed to unleash massive fiscal expansion in 2021-22 on the back of high borrowings, fire sales and an agricultural cess.
However, no adverse impact is set to come on prices as the Centre made prior duty adjustments before imposing the cess.
Pump priming: India sets massive spending target to unleash growth
By IANS |
Published on
Mon, Feb 1 2021 20:06 IST |
0 Views
Kota coaching centres re-opens for students with New Normal norms Image Source: IANS News
New Delhi, Feb 1 : Centre will go in for a massive spending spree on infrastructure creation, healthcare, education and demand generation to revive India s pandemic-battered economy.
In her third budget presentation to the Parliament, Finance Minister Nirmala Sitharaman proposed to unleash the massive fiscal expansion in 2021-22 on the back of high borrowings, fire sales and an agricultural cess.
However, no adverse impact is set to come on prices as the Centre made prior duty adjustments before imposing the cess.
Emerging investment instrument REIT seems to have finally gaining popularity among investors, with mutual funds investing a staggering Rs 3,972 crore in such units in 2020, a six-fold jump from the preceding year. Green Portfolio co-founder Divam Sharma said that with names like DLF, Brookfield and Godrej in the process of launching REIT, more interest from mutual funds in such offerings is expected in the coming years. He further said 2021 looks better from the standpoint of mutual funds investing in REITs, as business is seeing normalcy after a setback from COVID-19 in 2020. REITs and InvITs are relatively new investment instruments in the Indian context but are popular in global markets. While REIT comprises a portfolio of commercial real assets, a major portion of which are already leased out, InvITs comprise a portfolio of infrastructure assets such as highways and power transmission assets.
As foreign funds leave for countries that are seen to recover from the pandemic earlier, local retail and institutional investors have been picking up the slack in the Philippine equities market during the first month of the year.
The Philippine Stock Exchange (PSE) said local investors accounted for 75.3 percent of value turnover in January with the remaining 24.7 percent of transaction value attributed to foreign investors. This is the highest local investor participation on a monthly basis since March 2010 at 76.2 percent.
Photo credit: PSE file.
The value turnover ratio was 56.8 to 43.2 in favor of foreign investors in January 2020 and 54.6 to 45.4 in favor of local investors for the entire 2020.
February 1, 2021 | 12:05 am Font Size
AAA
LOCAL retail and institutional investors dominated stock market trading in January, marking the eight straight months that foreigners were left behind, the Philippine Stock Exchange (PSE) said.
PSE President and Chief Executive Officer Ramon S. Monzon said in a statement that local investors have accounted for 75.3% of the marketâs value turnover in January, with the remaining 24.7% going to foreign participants.
The PSE said local investor participation in January is the highest recorded on a monthly basis since March 2010, which was at 76.2%.
âThis is the eighth consecutive month that locals outpaced foreign investors in terms of value traded in the stock market. Trading activity of foreign funds may have abated, but liquidity in the stock market has not deteriorated,â Mr. Monzon said.