Capital expenditure on roads, railways, renewable energy and urban
housing projects, is expected to be up from 3.38 lakh crore by 20 per
cent in FY21 budget.
In the last year, the government has taken steps like 'housing for
all' by 2022, tax sops, a sharp cut in GST rates for under-construction
flats and a Rs 25,000 crore fund to salvage stalled residential
projects.
The industry, this budget has sought measures such as reduction in GST
rates on vehicles, incentive-based scrappage policy, increase in
re-registration charges of vehicles and the abolition of duty on import
of lithium-ion battery cells
Budget 2020: An increase in fiscal deficit target in view of the ongoing economic
slowdown may not negatively impact the market since elevated level of
expenditure is expected to result in higher demand in Indian economy
Even as economists expect the FM to announce measures
to put the economy on recovery path, Dalal Street has made its own
Budget wishlist for Sitharaman
In September last year, PM Narendra Modi had
promised foreign investors that the government was working towards
"bringing tax on equity investments in line with global standards"
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