Budget 2013-14: What can boost the markets today?

Budget 2013-14: What can boost the markets today?

The Finance Minister, P Chidambaram will announce Union Budget on Tuesday, February 28. It is widely expected that he will present a balanced budget. He will focus on social schemes in view of general election in the next year. At the same time he will try to avoid threat of rating downgrade by curbing spending and increasing tax receipts.

Following measures if announced in Budget will give a boost to markets:

1. Fiscal deficit below 4.8%

2. Cut in subsidies

3. Status quo on excise rates for most industries

4. Clarity on GST, DTCÂ and companies bill implementation

5. Measures to boost auto, infra, power, IT, real estate sectors

6. No introduction of new taxes

7. Incentives for exports

8. Intro of pending bills like Insurance, Pension, etc.

9. Removal of STT on stock market transactions

10. Measures to boost capital inflows in market and economy

Courtesy - http://budget.myiris.com/show_story.php?file_r=20130228085751199&sec=bu