Experts Recommend Reforms To Boost Capital Market In India In The Budget 2015
Advertisement
Advertisement
After the surprise rate cut by the RBI, everyone has their eyes on the upcoming budget 2015. While industry bodies are busy making presentations in the North Block, capital market analysts are keeping their fingers crossed.According to market analysts, P Phani Sekhar, fund manager with Angel Broking, since the capital market has remained buoyant in 2014, the finance minister must focus on maintaining the momentum. “The market has its own set expectations from the budget. We are looking at higher spends on infrastructure, railways, industrial corridors and other such important projects,” said Sekhar.
Additionally, he said that the government should look at boosting investors’ confidence in the Indian market. “Investors are looking at the Indian market with renewed confidence. The government should focus on introducing key reforms such as the Land Acquisition Bill, which is extremely critical,” he noted.
Sharing a similar sentiment, another senior financial analyst noted that the government should introduce investor-friendly policy framework in the upcoming budget.
“Investment-friendly policies similar to
Advertisement
Apart from investor-friendly policies, experts recommended that the budget should revise its duty structure. According to another analyst, who did not wish to be identified, said that the duty structure for commodities is extremely complex and hence, puts additional burden on the companies.
“The high excise duties have marred sectors such aviation, auto, real estate and infrastructure. Imports have become extremely expensive and have added substantially to the operating cost of the companies. The government needs to address this concern in its new budget,” he added.
Also, the government needs to take steps to boost the consumer sentiment in the above mentioned sectors. “The stocks of the companies in these sectors haven’t performed well in 2014. It should not be repeated in 2015-16,” he pointed out.
The government has been taking steps to boost the investors’ confidence, however, market players now expect the government to announce bigger reforms that will maintain the momentum in the capital market.
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas