About Budget of Hope

Aspirations are running high. Expectations of a billion people are riding on it. This is an opportunity for India to fight back.

Never before has the Union Budget attracted so much attention. India has fought the pandemic and the world order has changed. The extent of the economic damage was evident through multiple challenges that India, as a rising economic superpower, was facing in the face of an abrupt lockdown.

It is this hope that has kindled aspirations and the hope that the Budget this year will bring back our lives together. Hope that the Budget will drive the nation and transform the way we live.

This is the #BudgetofHope, an ICICI Direct initiative.

Speakers Profile

Pankaj Pandey

Pankaj Pandey is the head of research at ICICI Securities. He is recognised for his cutting edge research.

BHUPENDRA TIWARY

Bhupendra tracks the telecom, media, infrastructure and the real estate sector at ICICI Direct

RASHESH SHAH

At ICICI Direct, Rashesh handles the portfolio of cement, hotels and tourism

KAJAL GANDHI

Kajal Gandhi.Heads banking and financial services research at ICICI Direct

SIDDHANT KHANDEKAR

At ICICI Direct, Siddhant has been handling the booming pharma sector

SHASHANK KANODIA

Shashank heads research on automobiles at ICICI Direct

BHARAT CHODDHA

Bharat heads research on retail, textiles and the sunrise sector of logistics at ICICI Direct

SANJAY MANYAL

Sanjay heads research on FMCG and consumer goods at ICICI Direct

DEWANG SANGHAVI

Dewang's research reports are cast in stone and he focuses on metals at ICICI Direct

DEVANG BHAT

Devang tracks the information technology sector at ICICI Direct

MAYUR MATANI

Mayur heads oil and gas research at ICICI Direct

BHARAT PAREEK

Bharat is currently Head - Product & Segment, Private Wealth at ICICI Securities

Mr. Rishi Nathany

Head – Business Development & Marketing, Multi Commodity Exchange of India Ltd. (MCX)

Mrs. Swati Kulkarni

Senior Fund Manager – UTI Asset Management Company

Mr. S Krishna Kumar

Chief Investment Officer – Equity, Sundaram Asset Management Company

Ashutosh Khajuria

Mr. Ashutosh Khajuria
Executive Director & CFO - The Federal Bank Limited

Anagha Deodhar

Ms. Anagha Deodhar – Chief Economist, ICICI Securities

R Sivakumar

Mr. R Sivakumar, Head – Fixed Income, Axis AMC

Vinit Sambre

Vinit Sambre is Head – Equities at DSP Investment Managers

Manish Gangwal

Mr. Manish Gangwal – Chief Financial Officer, Gulf Oil Lubricants India Ltd.

Sachin Jain

Mr. Sachin Jain- Research Analyst – ICICI Direct

Watch Expert

Mr. Manish Kumar - Chief Investment Officer, ICICI Prudential Life Insurance Co. Ltd.

Mr. Vetri Subramaniam, Group President & Head of Equity, UTI Asset Management Company

Webinar with Mr. G Chandrashekhar, Economist & Commodity Expert

Webinar with Mr. Prashant Jain - Executive Director & CIO, HDFC Mutual Fund

Webinar Mr. Ajay Srivastava, MD, Dimensions Corporate Finance Services Pvt Ltd. #BudgetofHope

Webinar with Ms. Radhika Gupta - MD & CEO, Edelweiss Asset Management Limited on post budget views.

Post Budget webinar with Mr. Sachin Jain - Research Analyst, ICICI Securities Ltd. #BudgetofHope

Mr. Harsha Upadhyaya - Chief Investment Officer Equity, President, Kotak Mahindra AMC Ltd

Mr. Hiren Ved - Co-Founder, Director & Chief Investment Officer, Alchemy Capital Management Pvt. Ltd

Webinar- Mr. Mahendra Jajoo - CIO - Fixed Income at Mirae Asset Investment Managers (India) Pvt. Ltd

Webinar with Mr. Rajesh Kothari and Mr. Govind Agrawal on Union Budget. #BudgetofHope

Mr. Sankaran Naren - Executive Director & CIO, ICICI Prudential Asset Management Company Ltd.

Mr. Vijay Chandok, MD & CEO, ICICI Securities views on the #UnionBudget2021

Webinar by Mr. Pankaj Pandey, Head Research, ICICIdirect

Webinar with Mr Gopal Balachandran - CFO and CRO, ICICI Lombard General Insurance Co. Ltd.

chat with experts

What can be expected from Budget 2021?

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What can be expected from Budget 2021?

Budget Poll

Latest Announcement

Increase in borrowing limits of state governments

Privatization of public sector enterprises

Govt. to bring Parliament legislation for IPO of life Insurance Corporation

Two more PSU banks, one insurance company to be privatized this year

FDI in insurance sector to be raised to 74%

Collateral free loans for MSMEs

Fund of funds will be set up for MSMEs

Govt to disallow global tenders of up to Rs. 200 crore

Govt brings about changes in definition of MSMEs

Govt to expand ambit of One nation, One Ration Card

Govt to broad base free food grain supply to migrants

FM announces concessional credit boost to farmers

Govt to set up Agri Infrastructure Bond

Budget announces emergency working capital for farmers

Budget to focus on animal husbandry infrastructure development

Budget announces focus on agriculture marketing reforms

FM announces liquidity support for discoms

Budget: Elimination of regulatory assets in power sector

Budget announces National Digital Health Blueprint

Additional allocation for MGNREGS

Budget to focus on technology driven education

Budget announces holistic approach to health (preventive, curative & well-being)

Supplementary Nutrition Program and Poshan Abhiyan to be merged as Mission Poshan 2.0

Outlay of Rs. 64,180 crore over 6 years in the health sector

Budget to support health and wellness centers

Budget announces setting up of integrated public health labs

Budget to establish critical care health blocks

Health budget to focus on expanding health information portal

Pneumococcal vaccine to be rolled out across the country

Budget allocates Rs. 35,000 cr for Covid-19 vaccine roll out in 2021-22

Govt to introduce National Commission for Allied Healthcare Professionals Bill

PLI scheme to have an outlay of Rs. 1.97 lakh crore in next 5 years

NIP project pipeline expanded to 7,400 projects

MITRA scheme to create infra for global champions in textile sector

Govt aims to create 7 textile parks over 3 years

Railways infra by 2030 to cater to needs till 2050 planned

Budget aims to increase share of rail freight from 27% to 45%

Budget announces 100% electrification of broad gauge routes by 2023

Indigenous automatic train protection system to be launched

Budget aims to launch Hydrogen Mission

Govt to focus on PPP model for managing major port operations

Budget provides subsidy to promote flagging of merchant ships

Ship recycling capacity to be doubled by 2024

Ujjwala scheme to cover 1 crore additional beneficiaries

100 more districts to be added under city gas distribution network

Independent gas transport system operator to be set up

Bill to set up a DFI for infra financing to be introduced

Budget announces national monetization pipeline of brownfield infra assets

Budget announces Jal Jeevan Mission (Urban) for universal water supply in all ULBs

Urban Swachh Bharat Mission worth outlay of Rs. 1,41,678 cr over 5 years

Budget gives Rs. 2,217 cr for 42 urban centers to tackle air pollution

Budget announces Voluntary Vehicle Scrapping Policy

Innovative PPP model to augment bus transport soon

MetroLite and MetroNeo for tier 2 and peripherals of tier 1 cities

Budget announces rationalized single securities market code by 2022

Govt to develop world class fintech hub at GIFT IFSC

Permanent institutional framework for corporate bond market soon

SEBI as regulator and more powers for WDRA to develop commodity markets

Govt to make investor charter as a right across all financial products

ARCIL and Asset Management Company to resolve stressed assets issues of PSBs

Budget announces extension of SWAMITVA scheme across India

Budget announces expansion of Operation Green scheme to include 22 perishable products

100 more mandis to be integrated with e-NAM

Govt to develop modern fishing harbors & landing centers

Budget announces multipurpose seaweed park in Tamil Nadu

Budget announces portal for GIG and construction workers

Govt extends social security for GIG & platform workers

Budget says revamped post matric scholarship scheme for SCs

Budget announces setting up of 100 new Sainik schools

Govt to set up 750 Eklavya schools in tribal areas

Govt to realign National Apprenticeship Training scheme to engineering graduates

Budget says partnership with UAE & Japan for skill development

Budget announces Rs. 50,000 cr for National Research Foundation

Budget announces National Language Translation Mission to boost internet access

Deep Ocean Mission announced for ocean exploration

Budget allows normal ceiling of net borrowing for states at 4% of GSDP for 2021-22

Budget announces additional borrowing ceiling of 0.5% of GSDP

NSSF loan to FCI for food subsidy to be replaced with budget provisions

Rs. 1,18,452 cr as revenue deficit grant to 17 states in 2021-22

Senior citizens (75 ) with pension & interest income don?t need to file returns

Paying bank to deduct necessary tax on income of senior citizens (75 )

Govt reduces time limit for re-opening of income tax assessment

Budget constitutes dispute resolution committee for small tax payers

Income Tax Appellate Tribunal to be made faceless

Increase in limit for tax audit for people who carry out 95% transactions digitally

Pre-filing of returns will also cover capital gains for listed securities, dividend income

Dividend payment to REIT/InvIT to be exempt from TDS

Eligibility for claiming tax holiday for startups to be extended by a year

Additional deduction of Rs. 1.50 lakh shall be available for loans taken till March 31, 2022 for affordable housing loans

Budget to review 400 old indirect tax exemptions by October 1, 2022

Budget to support MSMEs hit by rise in iron & steel prices

Budget to rationalize duties on raw materials for man-made textiles

Budget to rationalize custom duty on gold and silver

Budget hikes import duty on solar invertors & lanterns

Govt imposes Agriculture Infrastructure & Development Cess on petrol & diesel

LATEST UPDATES

Infrastructure Key focus area for Union Budget 2021-22

As expected, the government has stepped up its capital expenditure gross budgetary support (GBS) allocation at by 26% YoY to | 5.54 lakh crore in the Budget to ramp-up infrastructure spending with focus on economic revival. Further, | 2 lakh crore towards additional capex to nudge states, allocation of | 20000 crore toward setting up DFI to have

PSU banks in focus

After the government last announced merger of 13 public sector banks into five, government has taken the first step towards privatising state-run banks starting with divestment of two PSU banks, in a bid to expedite long-awaited reforms in the banking sector

PODCAST

Mr. Vinit Sambre - Head Equities, DSP Investment Managers

Equity

Mutual Fund