LTCG removal, fiscal prudence: What brokerages want from FM this Budget?
With barely a few days left for the NDA (National Democratic Alliance) government to present the Union Budget proposals for financial year 2020-21 (FY21), most domestic and foreign brokerages look forward to credible steps to prop-up growth and provide some relief to the individual income-tax payers in terms of a cut in tax rates. Here are some of the key things on the wish list of leading brokerages. Morgan Stanley We expect the budget to: (a) focus on credible fiscal numbers and gradual consolidation, (b) continue to favour investment-driven growth with redistributive spending likely to remain in line with nominal GDP growth, (c) provide strong intent to raise additional resources through strategic divestment and asset monetization, and (d) provide a credible medium-term fiscal consolidation plan and improve the health of the public sector balance sheet. Here you can also read Budget2020 News