Union Budget FY17-18

Feb 1, 2017

2:38 pm

Broad Macro Takeaways The expansionary budget notwithstanding, the FM pegged the fiscal deficit for FY18 at 3.2% of GDP and remains committed to achieve 3% in FY19. Net borrowings: The budgeted net market borrowing significantly declined -18% to INR 3.48 lakh crore compared to the budgeted amount in FY17. Disinvestment update: The divestment target (from…

Read More

Union Budget 2018: Watershed or Let Down?

Jan 30, 2017

10:58 am

Key Focus on Rural, Housing, Tax Rates and Fiscal Spending The Union Budget 2018 is getting a makeover through a couple of departures from age old traditions, being presented earlier on February 1, and consolidated with the Railway Budget. Rural India has been hit particularly badly by demonetisation. We would think Mr. Jaitley’s first order…

Read More

The Shot Heard Around the World

Jan 23, 2017

1:28 pm

“That was no presidential speech; that was a veritable declaration of war.” – Handelsblatt, German Media “Has there ever been a new U.S. administration that began by spreading unease, not expectations, throughout the world?” – Japanese Media “The Trump administration will be igniting many ‘fires’ around the world. Let’s wait and see when it will…

Read More

Investment Strategy

Jan 9, 2017

12:16 pm

Performance Attribution Q4 2016 & CY 2016 The Domestic Investor Steps Up Equity mutual funds saw an inflow of more than Rs. 10,000 crore in December, making it the highest in 18 months, underpinned by investor optimism and regular contributions to savings plans. It may also be an indirect impact of demonetisation, as some of…

Read More