Live Breaking News & Updates on Budget fy22

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Macquarie Expects Over 20% Upside In These 7 Largecaps; Feels This Midcap Stock Can Turn Multibagger

Macquarie Expects Over 20% Upside In These 7 Largecaps; Feels This Midcap Stock Can Turn Multibagger
moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.

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Over Last 10 Years In Post-Budget Month, Bull & Bear Have Shared The Honours On Nifty


Over last 10 years in post-Budget month, bull & bear have shared the honours on Nifty
The Nifty50 touched a record high of 15,257.10 on February 9, gaining 10.8 percent since Budget Day.
Sunil Shankar Matkar
February 11, 2021 / 10:18 AM IST
Indian shares had their best Budget Day in 22 years, as the Sensex rallied 2,300 points, or 5 percent, to 48,600.61 and Nifty gained 646.60 points, or 4.74 percent, at 14,281.20 on February 1, with the market hailing the Budget as growth-oriented.
The Budget was being closely watched to show the way forward to an economy hit hard by the coronavirus pandemic, as the government took the expansionist path to bring growth back on track.

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DAILY VOICE | Over 50% Nifty Earnings Growth From FY21-FY23 Looks Achievable Post Budget: Hemant Kanawala Of Kotak Life


DAILY VOICE | Over 50% Nifty earnings growth from FY21-FY23 looks achievable post Budget: Hemant Kanawala of Kotak Life
Banking, capital goods & engineering, cement and automobiles are some of the sectors that will benefit from the revival in the domestic economy, said the Senior EVP & Head at Kotak Life
Sunil Shankar Matkar
February 07, 2021 / 07:39 AM IST
Hemant Kanawala, Senior EVP & Head - Equity at Kotak Mahindra Life Insurance Company feels by discarding fiscal conservatism at a time when the economy needs public capex support, the government has done well to provide wings to growth.
"Budget has a clear emphasis on Atmanirbhar Bharat policy and revival of domestic growth. Banking, capital goods & engineering, cement and automobiles are some of the sectors that will benefit from the revival in the domestic economy," he said in an interview to Moneycontrol's Sunil Shankar Matkar.

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What Does Budget 2021 Mean For Your Wallet?


What does Budget 2021 mean for your wallet?
High premium ULIPs and high PF contributors can no longer enjoy tax benefits, average investors can take heart from regulatory steps to protect their wealth.
Jyoti Roy
February 06, 2021 / 01:54 PM IST
The much-awaited Budget 2021 has gone big on spending in a bid to boost economic revival and growth but what does it mean for one's personal finances?
Any talk of personal finances needs to focus on three broad areas: investments, taxation and consumption (buying and spending).
Investments
Bank deposits: If you are worried that your bank deposits may get stuck in case the bank hits roadblocks and turns bankrupt, there's good news. Thus far, the claim on deposit insurance, which was raised to Rs 5 lakh per individual from the earlier Rs 1 lakh last year, could be made only after teh bank's licence was cancelled. Now, customers whose accounts have been frozen can also expect to make such claims, even before banks have declared bankruptcy.

Kolkata , West-bengal , India , Bangalore , Karnataka , Delhi , Mumbai , Maharashtra , Hyderabad , Andhra-pradesh , Chennai , Tamil-nadu

DAILY VOICE | Budget Deserves 10/10 If Executed Well, Says Shailendra Kumar Of Narnolia


DAILY VOICE | Budget deserves 10/10 if executed well, says Shailendra Kumar of Narnolia
It is a game-changing Budget in the sense that the numbers are very credible along with strong and timely reform measures.
Sunil Shankar Matkar
February 03, 2021 / 08:26 AM IST
For Shailendra Kumar of Narnolia Financial Advisors, the biggest surprise in Budget 2021 was the confidence with which a real financial picture of India has been presented. "The fiscal deficit is high and needs to remain higher for a couple of years for a growing economy like India has been rightly defended," he said in an interview to Moneycontrol's Sunil Shankar Matkar.

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Over 50 Stocks, Excluding PSU Banks, Can Benefit From The Budget Announcements


Over 50 stocks, excluding PSU banks, can benefit from the Budget announcements
Healthcare, insurance, banking & financials, textile, auto, oil & gas and agriculture among other sectors also seen included in the growth-oriented budget.
Sunil Shankar Matkar
Representative image (PC- MoneyControl.Com)
The Union Budget 2021 presented by the Finance Minister Nirmala Sitharaman is really a big game changer in terms of economic revival in India, especially post the COVID-19 damage, experts feel.
The government has estimated fiscal deficit at 6.8 percent of GDP in FY22 and 9.5 percent in FY21. The Budget increased the capital expenditure by 35 percent for FY22 over FY21 to revive the economy, and largely focussed on infrastructure (including roads, railways, National Infrastructure Pipeline, ports, power etc).

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Union Budget 2021: ICICI Lombard, ICICI Prudential, SBI Life Shares Rally 3-6% After Nirmala Sitharaman Raises FDI Limit For Insurance


Union Budget 2021: ICICI Lombard, ICICI Prudential, SBI Life shares rally 3-6% after Nirmala Sitharaman raises FDI limit for insurance
In a proposal to amend the Insurance Act 1938, FM Nirmala Sitharaman increased foreign direct investment limit for the insurance sector to 74 percent from 49 percent earlier.
February 02, 2021 / 03:07 PM IST
Insurance stocks rallied 3-6 percent after Finance Minister Nirmala Sitharaman, in her Union Budget 2021 speech, increased the foreign direct investment limit for the insurance sector to 74 percent.
In a proposal to amend the Insurance Act 1938, the government increased foreign direct investment limit for the insurance sector to 74 percent from 49 percent earlier.
"The increase in FDI limits from 49 percent to 74 percent for the insurance sector is a welcome step and will help insurance companies to raise funds to ensure their solvency is maintained in line with growing business needs," said Manoj Purohit, Partner and Leader – Financial Services Tax at BDO India.

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Budget 2021| Big Infra, Tech Push Likely For Agriculture To Boost Farmer Income


Budget 2021| Big infra, tech push likely for agriculture to boost farmer income
Investments in agri-tech startups or agri-based innovation labs, organic farming, digital tools and technology will give a big boost to the farm sector.
Harsha Razdan
January 31, 2021 / 08:27 AM IST
The ambition to double farmer's income by 2022 continues to be on the government's agenda. Given the coronavirus outbreak and the farmer unrest, there is an increasing expectation that the Budget will focus on the overall wellbeing of farmers and crop productivity.
Following past trends, focus on schemes such as PM Kisan Samman Nidhi, MNREGA and Pradhan Mantri Fasal Bima Yojana will continue to gain traction even this year. Below is a quick outline of some Budget announcements that we can expect for the agriculture sector:

Samman-nidhi , Krishi-udaan , Aatmanirbhar-bharat , Pradhan-mantri-fasal-bima-yojana , Kisan-rail , Direct-benefit-transfer , Agri-budget-2021 , Budget-2021 , Budget-fy22 , Union-budget-2021 , Pm-kisan-samman-nidhi