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The complete Speech of Union Budget 2015-16

India Infoline News Service  | Mumbai February 28, 2015 14:17 IST

 

Though the Union Budget is essentially a Statement of Account of public finances, it has historically become a significant opportunity to indicate the ... Read more

Budget Analysis


Union Budget 2015-16: Balancing Act

The finance minister has delivered a practical budget that addresses many crucial areas topping the government agenda. The Budget would please rating agencies given its visibly significant control over the twin deficits and inflation with growth targeted at 8-8.5%. The GAAR applicability deferment by two years and the commitment to prospective taxation would certainly win the confidence of foreign investors.Read more
 

 

Budget Preview 


Union Budget Preview 2015-16: Laying the Cornerstone

The Union Budget 2016 would be a growth enabler, as well as one that adheres to the path of fiscal consolidation. We believe the Finance Minister will be in a position to balance both objectives of spurring growth and fiscal consolidation, by budgeting for higher divestment of holdings in listed companies, telecom and coal auctions to increase revenue and partly curtailing non-Plan expenditure. ... Read more
 

 

Janta Expectation

  • I had expected him to reduce taxes more for the 30% segment. Very unfair.
  • 80,000 secondary schools to get upgrade. Positive for Educomp.. This will benfit the Bschool sectors but the question arise will there be governmental school build up at higher level for the rural or no urban areas
  • GST to bring greater transparency and tax inflows. The tax problem is a issue in India not for the richer people as money goes and come but for the poor people money goes but difficult to come. Tax plan should be in such a way that there is a no harm financially to the poverty line people who working hard for bread of their life
  • Public dept mngmt office to be set up this year . not just setting departments but also making it work ethically, efficiently and effectively is a bigger challenge in India
  • will efforts be taken in providing education fracility and job opportunities for the rural areas and backwards areas residing in corners of India

Janta Reaction

  • Focus has been towards the hinterland of India – agriculture, rural and overall infrastructure. Rationalisation of excise and service tax is a step towards migration to GST. Promised reduction in corporate taxes and deferment of GAAR are positives for the market. Higher Focus on the rural economy would aid rural consumption in the long run.
  • Though the previous FY17 fiscal deficit target of 3% has been rolled over to FY18, the budget has laid roadmap towards growth, lot depends on execution now
  • NCC, J Kumar , Simplex Infra and KNR Construction as well as developers like Sadbhav Engineering and Ashoka Buildcon will be key beneficiaries because of construction push
  • big disappointment was the paltry allocation to the re-capitalization of public sector banks – which is deemed necessary to break the logjam that currently exists in that space. Last year only Rs 120 billion was allocated for this purpose, which was clearly deemed insufficient. Expectations of a much higher allocation this year were belied with only Rs 80 billion being allocated.
  • A key shortcoming of previous Budgets has been a significant overestimation of tax revenues. It was clear at the time of the Budget that either nominal GDP or assumption of tax buoyancy were ambitious, and therefore if they did not pan out, something else (read capex would need to give). Therefore, the revenue assumptions of this Budget were always going to be closely watched.

Economic Survey 2014-15

A flagship annual document of the Ministry of Finance, Government of India, Economic Survey 2014–15 reviews the developments in the Indian economy over the previous 12 months, summarizes the performance on major development programmes, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term. This document is presented to both houses of Parliament during the Budget Session..Read more

 

 

Budget Documents

All About The Budget - The Union Budget this time makes a good attempt to guide the economy in the right direction: it raised outlay on infra spend by 33% including on roads, railways and rural infra, made minimal increase in tax rates and yet targets to lower the fiscal deficit (FD) to 3.9% of GDP in FY16. Read the complete details of Union Budget FY16 here...Read more

 

 

EXPERT VIEWS

 

Sectoral News

  • Automobile
  • Aviation
  • Banks
  • Oil & Gas
  • Capital Goods
  • FMCG
  • Mining & Mineral
  • Pharmaceuticals
  • Real Estate
  • IT - Software

News

Steel Strips zooms 5.2% after robust earnings

The company has reported more than 179 percent surge in Q4 net profit at Rs. 11.91 crore as compared to Rs. 4.26 crore o...Read more

Performer

Symbol CMP      Chg      Chg (%)
Eicher Motors 14780 32.95 0.22
SML ISUZU 1300.05 52.1 3.85
TVS Motor Co. 234.95 1.4 0.6

News

Aviation Newsletter - April 20 to 24, 2015

SpiceJet has announced the opening of advance booking for its winter schedule effective from Oct 25th, 2015 to Mar 26th ...Read more

Performer

Symbol CMP      Chg      Chg (%)
Global Vectra 46.55 0.65 1.38
Jet Airways 387 24 5.84

News

IDBI Bank signs MoU with Bajaj Allianz General Insurance

Pradhan Mantri Suraksha Bima Yojana announced by the Hon’ble Prime Minister aims at addressing a critical issue of our...Read more

Performer

Symbol CMP      Chg      Chg (%)
Kotak Mah. Bank 1340.4 37.15 2.7
Central Bank 103.35 0.55 0.53
HDFC Bank 1013.35 0.15 0.01

News

Gujarat Gas stock down on Q4 earnings

The company booked a net profit of Rs. 62.67 crore for Q4FY15, as against Rs. 49.27 crore in Q4FY14. Whereas, total inco...Read more

Performer

Symbol CMP      Chg      Chg (%)
O N G C 311.05 3.1 1.01
Selan Expl. Tech 262.65 4.75 1.78
Oil India 471.1 2.05 0.43

Performer

Symbol CMP      Chg      Chg (%)
T R I L 259 1.6 0.61
A B B 1331.05 29.4 2.16
Siemens 1280.25 1.35 0.11

Performer

Symbol CMP      Chg      Chg (%)
Gillette India 4350.15 120.6 2.7
Hatsun AgroProd. 317 1.4 0.44
P & G Hygiene 6701.45 114.35 1.68

Performer

Symbol CMP      Chg      Chg (%)
Orissa Minerals 2769.95 115.5 4
Indian Metals 184.95 6.4 3.34
Coal India 380.15 4.1 1.07

News

Pharmaceuticals Newsletter - April 20 to 24, 2015

The Bombay Stock Exchange has sought clarification from Sun Pharmaceutical Industries with respect to news appearing in ...Read more

Performer

Symbol CMP      Chg      Chg (%)
Celestial Biolab 72.6 2.8 4.01
Glaxosmit Pharma 3159.95 37.25 1.17
Themis Medicare 134 3.8 2.76

News

DLF stock down 3% on fresh SC summons

Report said that the company has been issued fresh summons in response to a plea by Sebi challenging the SAT ruling.Read more

Performer

Symbol CMP      Chg      Chg (%)
Swan Energy 58.2 0 0
Unitech 15.95 0.4 2.45
TCI Developers 298.5 5.05 1.72

News

Infosys stock down ahead of the results

Infosys Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 24, 2015, to con...Read more

Performer

Symbol CMP      Chg      Chg (%)
Dynacons Tech. 4.45 0.2 4.71
Cigniti Tech. 429.85 1.45 0.34
Goldstone Tech. 5.35 0.2 3.6
Company Price % Gain
NMDC 128.05 2.77
Cyient 505 2.74
JK Lakshmi Cem. 360.35 2.65
Godrej Consumer 1118 2.56
Lupin 1764.9 2.26
 

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Sector Performance

Sector Mcap (Rs.Cr) Up / Down      Chg (%)
IT - Software 11,21,756.67 63.41 / 36.59
Banks 10,93,854.15 40.00 / 60.00
Pharmaceuticals 6,04,726.98 62.03 / 37.97
Refineries 5,22,890.19 75.00 / 25.00
Automobile 5,11,685.87 68.75 / 31.25
Finance 4,97,014.67 59.72 / 40.28
Crude Oil & Natural Gas 4,86,225.46 57.14 / 42.86
FMCG 4,28,665.87 75.86 / 24.14
Mining & Mineral products 3,97,321.39 47.06 / 52.94

BUDGET POLL

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Budget Glossary

AD-VALOREM DUTIES These are the duties determined as a certain percentage of price of the product.

AD-VALOREM DUTIES It is a statement of receipts and expenditure of states for the financial year, presented to Parliament by the government. It is divided into three parts: Consolidated Fund, Contingency Fund and Public Account.