Page 46 - Union Budget
Budget 2020: NBFCs seek setting up of permanent refinance window for sector
Non-banking finance companies (NBFCs) have sought setting up of a permanent refinance window for the sector in the Union Budget, which they say will help them diversify their funding sources. The shadow banking players have also asked for allowing NBFCs with strong support from their parents to access public deposits. Finance Minister Nirmala Sitharaman is scheduled to present the Budget for financial year 2020-21 on February 1. Banks have been reluctant to lend to the NBFC sector after a series of default by Infrastructure Leasing and Financial Services (IL&FS) in September 2018. This risk averse approach of banks created a liquidity crunch for the entire NBFC sector which in turn had a multiplier effect on the important sector like automobiles, micro, small and medium enterprises (MSMEs) and consumer goods. "The need of the hour is to develop funding sources for NBFCs outside the banking system. A dedicated refinance window for NBFCs, has been a long-standing demand of the NBFC
 "Budget 2020: NBFCs seek setting up of permanent refinance window for sector")
What Budget 2020 may hold for citizens and the stock markets: Expert's take
Business Standard speaks to Chartered Accountant Ashok Shah of N A Shah Associates LLP, on what makes this budget different from previous ones, and what the FM should do to fix the economy
 "What Budget 2020 may hold for citizens and the stock markets: Expert's take")
Trends in the new year
Just about a month old and 2020 is turning out to be an interesting, even momentous, year for businesses in India
Budgetary over-reach: There is a price for trying to do too much in Budgets
The larger economy suffers more than the central govt, as New Delhi is allowed to get away with behaving arbitrarily and then hiding the reality behind bogus numbers, writes T N Ninan
Investment-driven growth model must have aggressive export strategy: Survey
The onus of rescuing economic growth has been placed squarely on exports, since the share of consumption in gross domestic product (GDP) remains constrained
 "Investment-driven growth model must have aggressive export strategy: Survey")
Govt seeks Rs 10,000-cr interim dividend from RBI to fix fiscal gap
This is 3rd consecutive year when the Centre has made the demand
 "Govt seeks Rs 10,000-cr interim dividend from RBI to fix fiscal gap")
 "Budget 2020 expectations: What FM Sitharaman can announce on February 1")
Share buybacks losing lustre as 20% tax bites; firms await relief in Budget
Experts blame the change in tax dynamics for the sharp drop in buybacks
 "Share buybacks losing lustre as 20% tax bites; firms await relief in Budget")
Domestic copper producers seek 2.5% duty waiver on concentrate imports
Imports of copper concentrates by domestic manufacturers is inevitable due to lack of ample and quality deposits within the country
 "Domestic copper producers seek 2.5% duty waiver on concentrate imports")
Budget 2020: Govt unlikely to announce capital infusion for PSU banks
Besides, sources said, banks may also look for divesting or selling their non-core business as part of fund raising exercise during 2020-21
 "Budget 2020: Govt unlikely to announce capital infusion for PSU banks")
CCPA recommends Budget Session from Jan 31; Union Budget on Feb 1
They said the first phase of the session will be from January 31 to February 11 and the second will be from March 2 to April 3
 "CCPA recommends Budget Session from Jan 31; Union Budget on Feb 1")
Fiscal deficit at 3%: A sensible target despite questions about its origin
The number wasn't imported from the Maastricht Treaty, but is a synthesis of the experiences of various countries within and outside the accord
 "Fiscal deficit at 3%: A sensible target despite questions about its origin")
Govt, Sebi spar over transfer of surplus funds as Budget 2020 nears
In 2009, FinMin proposed to move regulators' reserves into public account. These accounts were finally opened in 2013-14. However, no funds have been deposited in it so far
 "Govt, Sebi spar over transfer of surplus funds as Budget 2020 nears")
Year in Review: From job data to growth woes, India's 'shrinking' feeling
A list of events and policy decisions that made the biggest impact on Indian economy during the year 2019
 "Year in Review: From job data to growth woes, India's 'shrinking' feeling")
10-yr bond yields hit treasury math; moves up about 30 bps since rate pause
Market is waiting for the Budget to get more clarity on numbers, say experts
 "10-yr bond yields hit treasury math; moves up about 30 bps since rate pause")
Budget 2020: Centre may announce sops for states for pollution control
The Commission submitted its interim report for 2020-21 to President Ram Nath Kovind earlier this month
 "Budget 2020: Centre may announce sops for states for pollution control")
Budget 2020: Centre may announce increase in FPIs' debt limit to 10%
Existing limit for FPI investment in G-secs is 6% of the outstanding stocks of securities; govt may announce increase to 10% in Union Budget 2020
 "Budget 2020: Centre may announce increase in FPIs' debt limit to 10%")
HNIs curb flows to long-short AIFs as higher taxation pinches
Sebi data shows that commitments raised by category-III AIFs in September quarter were down 10% QoQ
 "HNIs curb flows to long-short AIFs as higher taxation pinches")
Budget 2020: Pradhan hopes for signal on ATF, natural gas inclusion in GST
5 commodities namely crude oil, natural gas, petrol, diesel, and aviation turbine fuel (ATF) were kept out of GST's purview given the revenue dependence of state governments on these sectors
 "Budget 2020: Pradhan hopes for signal on ATF, natural gas inclusion in GST")
FinMin to kick-start the exercise to prepare Budget for 2020-21 from Oct 14
It will be the second Budget of both the Modi 2.0 government and Finance Minister Nirmala Sitharaman
 "FinMin to kick-start the exercise to prepare Budget for 2020-21 from Oct 14")
