Budget Expectations.
Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Sector talk
Forum Discription: Discussion on sectors with regard to specific matters. We will be discussing the various sectors of the economy and how they would perform. Basically a top down approach.
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=782
Printed Date: 06/Apr/2025 at 3:48pm
Topic: Budget Expectations.
Posted By: shuchi
Subject: Budget Expectations.
Date Posted: 21/Feb/2007 at 10:28pm
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hi...
let us discuss some pre budget views...as what can we expect on this budget and what r the sectors which can get affected .................
why do ppl look forward to budget ???
basically i feel it has two reasons ...
one to knw wat new policies and rules the govt has for different sectors n industries ...and wat and how they shall affect on the industries....
secondly to know how the govt attribute its expenditure on its capital and current account ??
and wat shall be the sources for these expenditure..........
i feel that, this year the the FM shall take certain measures to control the inflation numbers . We have already been seing some mesures ...like rising of the CRR and rising interest rates ....
The agriculture sector this y shud be benifited , like tractors , irrigation , fertilizers dure to high inflation in food commoities.....
also thesre shud be sum subsidy for the sugar producing farmers......
( this shud probable have a egative impact on the sugar companies )
i would like to read more and get my slef more updated on this topic as i donnot understand much abt budgets...so plz do contribute and share ur views on this topic
shuchi
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Replies:
Posted By: deveshkayal
Date Posted: 21/Feb/2007 at 11:21pm
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PC (Not Priyanka Chopra) will be focussing on infrastructure.I dont think he will hike Short Term Capital Gains or STT or anything related to share transactions. PC plz make available more PC ..... i mean more IIMs and IITs from Education cess... Today, Budget is not as important as it used to be. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: Mohan
Date Posted: 22/Feb/2007 at 10:18pm
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I believe the budget should be moved to around Diwali time.
This way the govt can look at the monsson and its effect on the economy and project/plan for the future. Also diwali is the New year and its an auspicious start. This Feb 28 is inhertied from the british time. ------------- Be fearful when others are greedy and be greedy when others are fearful. |
Posted By: basant
Date Posted: 22/Feb/2007 at 8:27am
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That was really interestijng but I doubt if it would be taken up seriously. Basically our financial year starts from April 01 and that is why we want to have the budget befoe that date. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: basant
Date Posted: 22/Feb/2007 at 8:30am
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That was really interestijng but I doubt if it would be taken up seriously. Basically our financial year starts from April 01 and that is why we want to have the budget before that date. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: Mohan
Date Posted: 23/Feb/2007 at 6:37pm
One has to look at the utility of it.
Our economy depends heavily on the outcome of the monsoons.
Even our New Year Diwali is a celebration of the harvesting season. It makes common sense to have the budgetary exercise after the monsoons are over to evaluate its impact and project for the coming year. Right now we have no clue as to the efeect of the monsoons on our economy.
We blindly project hoping its all good.
I think that this would be a more effective planning exercise. Having our year start in Apr 01 and the budget before it was started, I am guessing by the british. I do not know what the reasoning is. Also, We are not a British Colony anymore.
BTW, Chopda Pujan has been done since forever during Diwali to usher in the new year. Maybe we should go back to the pre British practice of our ancestors. ------------- Be fearful when others are greedy and be greedy when others are fearful. |
Posted By: deveshkayal
Date Posted: 27/Feb/2007 at 9:31pm
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Experts' take on Budget vis-a-vis Mkts
Rakesh Jhunjhunwala, Investor & Trader says that everything depends on the Budget, since a fair bit of apprehension is already present due to political upheaval in states like Punjab. This Budget may see excise duty reduced and the rules for the FIIs to invest in India may be erased.
Ramesh Damani, Member, BSE hopes that the Budget will be good and the markets will respond accordingly. Markets may move sideways for 6-8 months and tax rates would be cut. Ashok Wadhwa, CEO & Managing Partner, Ambit RSM says that there is room for excise reduction which will be positive for the markets. He feels that corporate tax might also be reduced this Budget and service tax is expected to be widened. A good tax Budget in expected in the overall but there is few concerns like the expected hike in STT and the treaty abuse. Though STT can become an avenue for more government income Wadhwa hopes that it will not be erased.
N Jayakumar, MD, Prime Securities feels that March has always been a difficult month. He believes that markets need to have shakeouts in order to reach new highs.12500-13000 is the bottom line on the valuations. Tax cuts and excise are what this Budget will bring. Regarding STT Jay Kumar feels that the FM may be tempted to increase it but capital gains tax has far more direct impact, he adds
Samir Arora, Fund Manger, Helios Capital on the other hand feels that a correction in the market was very needed and could have happened before and after the fall.
Source: Moneycontrol ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: chic_1978
Date Posted: 28/Feb/2007 at 1:21pm
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Basantjee & other TED members... Can we discuss the impact of Budget on our Equity Desk XI .................. ------------- happy & wise investing |
Posted By: Gorden
Date Posted: 28/Feb/2007 at 3:06pm
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Overreaction for good. Right time to enter stocks with good valuation. ------------- LIVE FAST DIE YOUNG & HAVE A MARKETABLE CORPSE |
Posted By: basant
Date Posted: 28/Feb/2007 at 3:15pm
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See all those expectations came to a big zero. No one could even come close to what was actually delivered.People were speculating with dozens of ifs and buts as the whole country watched the discussion on the consequences of an event which was itself unpredictable.
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: tigershark
Date Posted: 28/Feb/2007 at 6:31pm
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yes basant yu r right instead of coming on tv a day bfor the budget it would have made sense to bring the luminaries after the budget i feel cnbc tv 18 has made a mistake this time.reg the budget the fm feels that for the next 2 yrs corp india shall continue to deliver record profits so why not take a little and give it to the needy farmers, health, education.the trouble is that aconsiderable amount never reaches the needyit gets swallowed somewhere in the middle. ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: Mohan
Date Posted: 28/Feb/2007 at 12:22pm
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History has shown that the GOVT is not an efficient distributor of wealth.
------------- Be fearful when others are greedy and be greedy when others are fearful. |
Posted By: kulman
Date Posted: 01/Mar/2007 at 5:58pm
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http://www.thehindubusinessline.com/2007/03/01/stories/2007030103121500.htm - www.thehindubusinessline.com/2007/03/01/stories/2007030103121500.htm
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: Hitesh Shah
Date Posted: 05/Jul/2009 at 1:57pm
Just thought this thread needs a wee push seeing that tomorrow is B-Day. I only hope I can decipher Pranab Da's accent ... 
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Posted By: Mohan
Date Posted: 05/Jul/2009 at 8:21pm
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Expect some benefits to housing finance companies to make home ownership easier for the common man.
------------- Be fearful when others are greedy and be greedy when others are fearful. |