Renuka Jain

Budget 2020 is much awaited event amidst more than needed negativity created by media and publish houses. I am confident that Mrs Nirmala Sitharaman shall one of the finest budgets this year to fix economy and another step towards 5 trillion economy Already in last three months many steps have been taken in this direction. Corporate rate cuts and liquidity to NBFC are the most important ones. Adding to this higher depreciation on cars bought till March 31 2020 helped in boosting car sales Here are few proposals which may be considered for the budget to boost consumption and lift market sentiment and higher growth Abolition of Long Term Capital Gain Last two years non of the asset class has generated returns for investors. Long term capital gain has proved to be big dampener for the broader markets and equity portfolios are all in Red. Capital markets form an integral part of Economy and also a feel good factor for investors. When capital markets shall create wea...

Some Reactions Post Budget 2019 "I do not think the budget is growth-oriented. The stock market has also come down considerably.' Adi Godrej" "If we don't create jobs for our children, we are going to have social problems...We are only doing populism. We need to get into real action but I heard none of these things in the Budget. I only heard things which were pleasing and will make headlines ."Arun Nanda, Mahindra Holidays " Was hoping the first full-time FM of the country would "hit some boundaries" but she chose to take "steady singles" instead. Mahindra & Mahindra Chairman said despite expectations of big moves to unleash the animal spirit of the economy, the Modi government's budget focussed on a long-term vision ." Anand Mahindra Above are few reactions to budget 2019. which disappointed most sections of society. At a time when economy needed booster shot and some stimulus to revive consumptio...

July 5,2019 marks the first budget to be presented by current government after resounding victory in elections in May 2019.  I must congratulate Narendra Modi Sir and Arun Jaitley Sir for brilliantly managing fiscal deficit as well as inflation over past 5 years. Although in last budget not much tax relief was given to middle class by way of tax cuts.. However  one has to understand that low inflation, low interest rates and Health schemes like Ayushman  Bharat directly benefit middle class. Goods and Services tax has brought down prices of various daily need goods.  But in a country where direct benefit is more applauded than long term benefits Finance Minister Madam Nirmala Sitharaman must announce sops for middle class as an award for being honest tax payers.   My few suggestions as a common citizen for this budget are as under: 1 Raise LT Cap Gains exemption to Rs 20 L from 1 L Long term capital gains at 10% post one y...

Swanand Kelkar is Managing Director at Morgan Stanley Investment Management. Markets In 2018: Not A Year For Doubling Down Simhavalokana is a Sanskrit term to denote the retrospective gaze of a lion. It is said that as the lion traverses some distance in the jungle, he looks back to examine the path he chose and how he covered that distance. It is that time of the year again when things thankfully begin to slow down. Many times this tumultuous year, I have daydreamed of the serenity that the second half of December brings and wished it would come sooner. From trade wars to crude price volatility to liquidity squeezes, this year was a handful, making investors feel like Kareena Kapoor in Jab We Met* when during a very eventful night she says “Please Babaji ab to hadd paar ho chuki hai, ab iss raat mein koi excitement mat dena, boring bana do ji ab iss raat ko please”. Naturally, a year like 2018 packs in a lot of learning, some timely reminders of old truths and some new...