Union Budget 2021 Expectations LIVE: The Union Budget 2021 is almost here as Finance Minister Nirmala Sitharaman, Minister of State for Finance Anurag Thakur and senior officials of the finance ministry on Saturday participated in the symbolic 'Halwa Ceremony' that marks the beginning of compilation of budget documents. Union Budget 2021 is scheduled to be presented in Parliament on February 1, 2021.
Finance Minister Nirmala Sitharaman has promised a never before like Union Budget as the Modi government looks to give a further boost to Indian economy. Ahead of the Union Budget 2021 presentation, here are all the LIVE updates on the expectations from Finance Minister Nirmala Sitharaman and Union Budget 2021:-
Budget 2021 Expectations LIVE: Ravi Singhal, Vice-Chairman, GCL Securities Limited
"As Modi government has risen to the occasion to curb the spread of pandemic for the strengthening and revival of the India economy, we expect many big announcements from Hon'ble Union Finance Minister Nirmala Sitharaman in this Budget 2021. It goes without saying that Income Tax is one of the most important aspects of Budget, hence some relief for the common man is what we look forward to. Also, we expect crude to come under the Goods and Services Tax (GST) umbrella. In addition to all this, reduction in entertainment tax, incentives to give a boost for setting up manufacturing hubs and push for infrastructure spending will also be key areas to watch out for. Keeping above expectations in mind, we recommend, Voltas and Havells as most benefited owing to the possibility of income tax reduction and boost for the creation of manufacturing hubs. Further, BPCL is also a most benefited from our side due to 'crude may come under GST' expectation from Budget 2021. Moreover, BPCL's stake sale candidature is also one of the reasons behind most benefited recommendation. Also, Bharti Airtel, SUN TV are most benefited from our end due to Covid-19 campaign and advertisements on TV channels by the government with an aim to educate people and spread pandemic-related awareness. Tata Power can be considered from reaping additional returns due to relief measures and incentives announced by the Modi government for the renewable energy sector. Siemens and L&T should be considered as most benefited due to infra related sops and a further boost from the Modi government for the creation of manufacturing hubs. Furthermore, with an aim to boost automobile demand by phasing out old, polluting vehicles, the highly-awaited scrappage policy is also expected from this important Budget 2021. Hence, keeping in view the same, we recommend most benefit for Tata Motors, Ashok Leyland, Maruti and Shriram Transport."