Budget 2013-14: Does not make sense to levy estate duty, says KPMG

Wed, Feb 27, 2013 at 23:37

With the Union Budget just a couple of hours away, expectations are running sky high from what finance minister P Chidambaram might announce to boost the sagging economy.

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With the Union Budget just a couple of hours away, expectations are running sky high from what finance minister P Chidambaram might announce to boost the sagging economy.

Like this story, share it with millions of investors on M3

Budget 2013-14: Does not make sense to levy estate duty, says KPMG

With the Union Budget just a couple of hours away, expectations are running sky high from what finance minister P Chidambaram might announce to boost the sagging economy.

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With the Union Budget just a couple of hours away, expectations are running sky high from what finance minister P Chidambaram might announce to boost the sagging economy.

In an interview to moneycontol.com, Hiten Kotak, co head, tax, KPMG India spoke about his expectations from the document.

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highlights

Economic slowdown a wake-up call for stepping up reforms
Future shift in RBI policy stance would be desirable.
Tight RBI policy led to sharper-than-expected slowdown
April-December data shows 5.3% fiscal gap aim 'achievable'.

Economic Survey in favour of widening tax base and prioritising expenditure
WPI inflation may decline to 6.2-6.6% in March
Indian economy likely to grow at 6.1-6.7% in FY14
FY13 GDP growth seen at 5%

Railway minister has done a commendable job in meeting competing demands of improving services and controlling expenditure: PM
It is a reformist and forward- looking Budget: PM
If you look at the overall Budget, it was relatively muted and there was nothing exciting and no steps were taken, which would make the market happy: ICICI Direct
There is no major capex from the civil construction on the freight corridor, though some investments are coming on the metro side: KEC International

SECTOR IMPACT

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EXPECTATIONS

expectation on: Markets

Anup Bagchi

MD & CEO | ICICI Securities

expectation on: Markets

Arindam Ghosh

MD & CEO | Blackridge Capital

expectation on: People

Saurabh Mukherjea

Head of Equities | Ambit Capital

expectation on: Markets

Ridham Desai

MD and Head Of India Research | Morgan Stanley

expectation on: Markets

Ashok Wadhwa

Group CEO | Ambit Holdings

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