Angel Broking - Interim Budget Preview - FY2015.

[Rajesh Desai]

 

Dear All,

 

Forwarding you the Interim Budget Preview for FY2015.

 

Expect fiscal deficit target to be met

 

Since major policy announcements and changes on the taxation front are not expected during the interim budget, markets are more likely to be watchful for government’s progress on fiscal consolidation. We believe that despite some populist measures and the fiscal deficit breaching 95% of the budgeted estimate in 9MFY2014, the government is likely to curtail the deficit at the budgeted level of 4.8% of GDP. To meet its objective, we believe that the government is likely to cut its plan expenditure drastically from the budgeted levels, roll-over expenditure into the next fiscal year as well as aggressively seek to garner proceeds from non-tax revenues and disinvestment receipts.

 

Interim Budget Preview - FY2015

 

 

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With best regards,
Fundamental Adivsory Desk

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Direct: (91) (022) 39357600 Ext. 6865
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Disclaimer: Ours is an advisory role. The final decision and consequences based on our information is solely yours. Moreover, in keeping with regulatory guidelines, we do not guarantee any returns on investments. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice.

 
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CA. Rajesh Desai