The document provides an overview and analysis of global and Indian markets in March 2015.
- Global markets rebounded in February with signs of ceasefire in Ukraine and monetary easing by central banks. Indian markets remained cautious ahead of the budget.
- The budget focused on fiscal consolidation, infrastructure spending, tax reforms and measures to attract foreign investment. Capital expenditure was increased substantially to restart the investment cycle.
- The presentation recommends investing systematically in Indian equities, as large caps trade at a discount and the budget provides a long-term vision for economic recovery. Cyclical sectors remain attractive on valuation.
SBI Mutual Fund provides you with the complete overview of the Union Budget 2017-18.
This presentation mainly focuses on the equity market and fixed income market conditions post the Budget.
Visit https://www.sbimf.com to learn more!
Q4 2017 strategy - pathway in turning tideKayode Omosebi
The document provides a recap and outlook on Q3 2017 for Nigeria. It summarizes key economic developments in Q3, including a rebound in oil production that helped exit recession. However, growth in the non-oil sector remained slow. It revises 2017 GDP growth forecast lower to 0.7% due to pressures in the services sector. The document also recaps trends in crude oil prices and production. It expects crude prices to remain in a range of $45-50/barrel. Current account surplus narrowed in Q2 due to declines in trade surplus and increases in services/income deficits.
Budget Preview 2015-16: 'Acche din' for capital market?IndiaNotes.com
FY16 Union Budget would be presented in the backdrop of easing inflation and interest rates but continued growth challenges which the government needs to address.
Suzlon - Q1 FY 12 Earnings PresentationSuzlon Group
This document is an earnings presentation by Suzlon Energy Limited for Q1 of fiscal year 2012. It includes the following key points:
- Revenues grew 80% year-over-year in Q1 FY12 and performance is on track to meet full-year guidance.
- The order book stands at $6.6 billion, 35% higher than the previous year.
- A "squeeze out" process is underway to acquire remaining shares of REpower for €142.77 per share.
- A sale of the Hansen stake is expected to generate Rs. 828 crores and help reduce debt levels.
- Global fleet availability remains over 97% due to ongoing optimization programs.
-
Suzlon - Result Presentation – Q1 FY11Suzlon Group
The document is Suzlon Energy Limited's presentation of its Q1 FY2011 results. Some key highlights include growth in Suzlon's wind turbine volume compared to Q1 FY2010, a significant increase in order flows in India, and the successful completion of a rights issue. The outlook suggests the wind industry will continue robust long-term growth, with the growing Indian market benefiting Suzlon. Suzlon is also working closely with REpower to strengthen their future platform.
The document analyzes Zambia's economic performance in Q1 2015. Key points include:
- Global economic recovery remains fragile, impacting Zambia through lower commodity prices and trade.
- Inflation dropped for three months to 7.2% due to lower oil prices reducing non-food inflation.
- The kwacha depreciated in Q1 against the dollar due to a strong dollar, low copper prices, and domestic issues.
- Preliminary estimates show Zambia's economy grew 1.25% in Q1, lower than previous quarters due to contractions in mining output.
The document provides an overview and analysis of global and Indian markets in March 2015.
- Global markets rebounded in February with signs of ceasefire in Ukraine and monetary easing by central banks. Indian markets remained cautious ahead of the budget.
- The budget focused on fiscal consolidation, infrastructure spending, tax reforms and measures to attract foreign investment. Capital expenditure was increased substantially to restart the investment cycle.
- The presentation recommends investing systematically in Indian equities, as large caps trade at a discount and the budget provides a long-term vision for economic recovery. Cyclical sectors remain attractive on valuation.
SBI Mutual Fund provides you with the complete overview of the Union Budget 2017-18.
This presentation mainly focuses on the equity market and fixed income market conditions post the Budget.
Visit https://www.sbimf.com to learn more!
Q4 2017 strategy - pathway in turning tideKayode Omosebi
The document provides a recap and outlook on Q3 2017 for Nigeria. It summarizes key economic developments in Q3, including a rebound in oil production that helped exit recession. However, growth in the non-oil sector remained slow. It revises 2017 GDP growth forecast lower to 0.7% due to pressures in the services sector. The document also recaps trends in crude oil prices and production. It expects crude prices to remain in a range of $45-50/barrel. Current account surplus narrowed in Q2 due to declines in trade surplus and increases in services/income deficits.
Budget Preview 2015-16: 'Acche din' for capital market?IndiaNotes.com
FY16 Union Budget would be presented in the backdrop of easing inflation and interest rates but continued growth challenges which the government needs to address.
Suzlon - Q1 FY 12 Earnings PresentationSuzlon Group
This document is an earnings presentation by Suzlon Energy Limited for Q1 of fiscal year 2012. It includes the following key points:
- Revenues grew 80% year-over-year in Q1 FY12 and performance is on track to meet full-year guidance.
- The order book stands at $6.6 billion, 35% higher than the previous year.
- A "squeeze out" process is underway to acquire remaining shares of REpower for €142.77 per share.
- A sale of the Hansen stake is expected to generate Rs. 828 crores and help reduce debt levels.
- Global fleet availability remains over 97% due to ongoing optimization programs.
-
Suzlon - Result Presentation – Q1 FY11Suzlon Group
The document is Suzlon Energy Limited's presentation of its Q1 FY2011 results. Some key highlights include growth in Suzlon's wind turbine volume compared to Q1 FY2010, a significant increase in order flows in India, and the successful completion of a rights issue. The outlook suggests the wind industry will continue robust long-term growth, with the growing Indian market benefiting Suzlon. Suzlon is also working closely with REpower to strengthen their future platform.
The document analyzes Zambia's economic performance in Q1 2015. Key points include:
- Global economic recovery remains fragile, impacting Zambia through lower commodity prices and trade.
- Inflation dropped for three months to 7.2% due to lower oil prices reducing non-food inflation.
- The kwacha depreciated in Q1 against the dollar due to a strong dollar, low copper prices, and domestic issues.
- Preliminary estimates show Zambia's economy grew 1.25% in Q1, lower than previous quarters due to contractions in mining output.
Budget FY17 - Reforms set to persist_ recovery in agri to lift 06-06-2016Aijaz Siddique
The budget aims to boost economic growth while maintaining fiscal consolidation. Key points:
1) Agricultural support measures and higher development spending are expected to lift growth to 5.7% in FY17, though energy constraints and lower spending pose risks to the target.
2) Incentives for exporters address external account concerns after the IMF program by providing tax relief and financing support. Near-term exports may remain weak due to global headwinds.
3) Fiscal deficit is targeted to decline further to 3.8% through tax revenue growth and contained expenditure. However, risks remain from potential current spending overruns and non-tax revenue shortfalls.
4) Efforts to increase tax documentation
The document summarizes key points from the Indian budget for fiscal year 2017-18. It notes that GDP growth is projected to be 7.1% for 2016-17 and 6.75-7.5% for 2018. Income tax rates were reduced for individuals with income between 2.5 to 5 lakhs. Corporate tax rates for MSMEs with under 50 crores annual turnover were reduced from 30% to 25%. Certain items like online railway tickets and solar products saw reductions in duties, while cigarettes, bidis and cashews saw increases.
See the Chart of Indian IIP Trend in Narnolia Securities Limited Market Diary 14.02.2014
http://www.narnolia.com/index.php/category/archieve/market-diary/
Federal Budget FY21: A Barrier Eclipsing ReliefSCPL Capital
FY21 : Key Budgetary Targets
GDP is expected to grow 2.2% vs. -0.4% in FY20e
Inflation to clock in at 6.5% as compared to 10.9% in FY20e
PSDP allocation of 1.3trn (up 13% YoY)
Tax revenue targeted at PKR4.7trn (up ~1trn YoY)
Fiscal Deficit to stand at 7% vs. 9.1% in FY21
The budget aims to improve economic growth rates, focus on infrastructure development and rural India, and improve governance. Key points include tax exemptions for infrastructure bonds and senior citizens, a cut in corporate tax rates, and increased allocations for rural development, education, and healthcare. Inflation remains a concern, while the economy is expected to grow between 8.75-9.25% in the upcoming fiscal year.
• Indian economy grew @5.3% in Jul-Sept 2014 quarter (YoY), lower than the 10-quarter high of 5.7% recorded in the previous quarter, but better than 4.7% in FY14 (Apr'13-Mar'14)
• Slow down due to lower Industrial (@ 2.2%) and Agricultural (@ 3.2%) growth during the quarter. But services sector grew @ 7.1%
• Private spending grew at 5.8%; Fixed Capital formation was flat; Government expenditure expanded @ 10.1%
• Economy is expected to grow @ 5.5% in FY15 and 6.5% in FY16 (FY:Apr-Mar)
• New government's policy decisions key to growth revival; Central bank is expected to cut policy rates by early CY2015
The budget aims to boost rural development and infrastructure spending. It increases allocation for agriculture and rural development. It also raises spending on railways and roads to strengthen infrastructure. However, the fiscal deficit target was higher than expected and long-term capital gains tax was introduced for equities.
AFC Iraq Fund (non-US) Factsheet 30.6.2018Thomas Hugger
This document provides information on the AFC Iraq Fund (Non–US), including its investment objective, focus, subscriptions and redemptions, benchmarks, fees, performance, holdings and allocations. The fund seeks long-term capital appreciation through investing in listed Iraqi equities and foreign companies doing business in Iraq. In June 2018, the fund returned -2.5% compared to -3.5% for its benchmark and is up 17.1% year-to-date. The largest country, sector and security allocations are to Iraq, financials and bank stocks, respectively.
The document provides a market review of 2017 and outlook for 2018 for India. It summarizes that the Indian market outperformed global markets in 2017. Key domestic indices like Nifty returned 28.6% led by outperformance in realty, telecom and metal sectors, while pharma and IT underperformed. Equity raising through IPOs reached record levels. Inflation increased in the second half of 2017. The outlook expects corporate earnings to drive the equity market while bond yields may remain range-bound.
The document provides an economic and fiscal outlook for New Zealand from the Treasury. It summarizes the global and domestic economic situation and forecasts, including steady but modest global growth. Domestically, growth is expected to be driven by investment and consumption. The fiscal strategy aims to restore financial strength by reducing the deficit and constraining expenditure growth to achieve a surplus by 2014/15 and reduce net debt to below 20% of GDP by 2020. The budget decisions and four-year plans support this strategy through spending on priority areas and restraining new operating spending.
The document discusses several topics related to the global economy and currencies. It provides projections for interest rates and GDP growth from the FOMC, ECB, and for various countries. It also discusses trends in commodity prices, currency exchange rates, bond yields, FDI flows, and other economic indicators for countries like the US, Eurozone, India. Key points mentioned are the flattening of the US yield curve pointing to long term uncertainties, expected tight crude oil market conditions, outlook for the Indian rupee, and monsoon rainfall forecast in India for 2018.
Marketsummarypptx fortheweekended -14.11.2014Ifb India
The Indian stock market saw modest gains for the week ending November 14, 2014. The Sensex and Nifty closed at record highs, with the Sensex up 0.63% and the Nifty gaining 0.63%. Foreign investors purchased Indian stocks and a decline in global oil prices supported the market. In corporate news, Coal India, HDFC and Wipro rose while Tata Motors, Reliance and NTPC fell. The government increased fuel taxes and inflation rates declined. The market outlook remains tied to global cues, foreign investment, the rupee and oil prices.
The proposed FGN budget of N10.3 trillion for the 2020 fiscal year was presented to the National Assembly on Tuesday, October 8, 2019. The budget represents an increase of 11% from the approved N9.1 trillion FGN budget for 2019. Of the total proposed 2020 budget,
non-debt recurrent expenses accounts for 47.6% (N4.9 trillion), while capital outlay represents 20.7% (N2.1 trillion).
We have done an in-depth analysis of the budget proposal evaluating it against such other issues such as our debt profile, ERGP, plans to raise VAT and performance of previous budgets.
International Money Matters Pvt. Ltd. (IMMPL) is a SEBI registered financial planning and investment advisor helping clients achieve their financial goals. IMMPL identifies , prioritizes , outlines and achieves financial goals through a disciplined , personalized and research based approach. IMMPL has various prestigious awards under its belt and was recently awarded the winner of Outlook Money Awards 2017 in Registered Investment Advisor category.
Macro Pakistani | Paklaunch | Growth Basics and Economic Policy Making in Pak...Faiz Ahmed
Pakistan is classified as a lower middle income country with lower real growth than its peers. It follows 10 year consumption based growth cycles, with periods of low growth as the economy slows down. Investment and savings levels are not high enough, relying too much on foreign inflows. Productivity has remained largely unchanged across sectors, and most new jobs will be low-wage and low-skilled. To improve growth, policy focus should be on increasing investment, human development, and addressing constraints like limited access to financing for the private sector.
The budget aims to transform, energize and clean India. It focuses on supporting farmers, rural development, jobs, housing, and healthcare. While some measures support sectors like exports, manufacturing, and tourism, others felt neglected. The budget emphasizes fiscal discipline and restricts the fiscal deficit. Direct taxes see some changes but indirect taxes will largely be subsumed under GST to be implemented in 2017-18.
The document discusses turning Nigeria's economic crisis into an opportunity through fiscal stimulus and implementing the Strategic Implementation Plan (SIP). It summarizes that Nigeria is currently in a recession due to overdependence on oil, falling oil prices, and declining foreign reserves. To recover, it recommends large fiscal stimulus through asset sales and infrastructure projects to boost the economy, along with fully implementing the SIP which focuses on diversifying the economy, boosting agriculture and non-oil exports, and attracting investment through business reforms. Key actions proposed include deregulating petroleum product prices to reduce foreign exchange demands and providing incentives to develop private refineries.
- Globally, markets ended in positive terrain on renewed hopes of positive outcome from high level US-China trade talks scheduled this month.
- Indian Markets cheered the announcement of substantial cuts in the corporate tax rate.
- Sectors which may benefit from lower corporate taxes – Consumer, Energy, Finance, etc. ended on positive note
- Sectors like Healthcare, IT, etc. are likely to benefit relatively less as they have a lower effective tax rate due to export / investment related exemptions
Have a detailed insight into a monthly equity and fixed income market outlook.
Read the full document to know more.
The document discusses India's fiscal deficit and weakening economic growth. It notes that direct tax collection growth of 14.43% from April to August fell short of the 18-19% target. Indirect tax growth was only 4.1% compared to the target of 18-19%. Rising global commodity prices and a depreciating rupee are increasing subsidies which will likely exceed the budgeted amount. With the fiscal deficit already reaching 63% of the target for the first four months, containing the deficit at 4.8% of GDP will be extremely difficult. The Finance Minister will need to increase diesel prices, boost tax collection, and cut spending to meet fiscal targets.
Macroenomic Policy Coordination: Beyond StabilityAbdul Hadi Ilman
The document summarizes Indonesia's macroeconomic conditions and policy coordination challenges. It notes that while China's economic growth remains sizable, Indonesia should also focus on opportunities in ASEAN. Household consumption is the main driver of Indonesia's GDP growth, but investment and exports have weakened. Maintaining high growth will require increasing savings or improving productivity. Fiscal and monetary policies face limitations, and government spending must avoid crowding out private investment. Commodity prices and global growth remain uncertain. Coordinating policies across sectors is important for sustainable growth and stability.
The budget document discusses the challenges facing the Indian economy such as slowing global growth, rural distress, and weak private investment. It highlights key figures from the Union Budget for 2016-17, including a fiscal deficit target of 3.5% of GDP. Expenditure is expected to increase 10.8% while receipts will rise 15.5%. Spending will focus on rural development, social sectors, and infrastructure. The budget aims to boost growth while maintaining fiscal discipline.
Oriental Weavers - Valuation update - January 2017Taher Seif, CFA
This document provides an analysis and valuation update for Oriental Weavers (ORWE.CA) by Prime Investment Research. It forecasts that ORWE's revenues will increase significantly in 2017 due to higher exports and price hikes, though local sales volumes may decline. It updates ORWE's fair value to EGP 19.21 per share and maintains an "Accumulate" recommendation.
Budget FY17 - Reforms set to persist_ recovery in agri to lift 06-06-2016Aijaz Siddique
The budget aims to boost economic growth while maintaining fiscal consolidation. Key points:
1) Agricultural support measures and higher development spending are expected to lift growth to 5.7% in FY17, though energy constraints and lower spending pose risks to the target.
2) Incentives for exporters address external account concerns after the IMF program by providing tax relief and financing support. Near-term exports may remain weak due to global headwinds.
3) Fiscal deficit is targeted to decline further to 3.8% through tax revenue growth and contained expenditure. However, risks remain from potential current spending overruns and non-tax revenue shortfalls.
4) Efforts to increase tax documentation
The document summarizes key points from the Indian budget for fiscal year 2017-18. It notes that GDP growth is projected to be 7.1% for 2016-17 and 6.75-7.5% for 2018. Income tax rates were reduced for individuals with income between 2.5 to 5 lakhs. Corporate tax rates for MSMEs with under 50 crores annual turnover were reduced from 30% to 25%. Certain items like online railway tickets and solar products saw reductions in duties, while cigarettes, bidis and cashews saw increases.
See the Chart of Indian IIP Trend in Narnolia Securities Limited Market Diary 14.02.2014
http://www.narnolia.com/index.php/category/archieve/market-diary/
Federal Budget FY21: A Barrier Eclipsing ReliefSCPL Capital
FY21 : Key Budgetary Targets
GDP is expected to grow 2.2% vs. -0.4% in FY20e
Inflation to clock in at 6.5% as compared to 10.9% in FY20e
PSDP allocation of 1.3trn (up 13% YoY)
Tax revenue targeted at PKR4.7trn (up ~1trn YoY)
Fiscal Deficit to stand at 7% vs. 9.1% in FY21
The budget aims to improve economic growth rates, focus on infrastructure development and rural India, and improve governance. Key points include tax exemptions for infrastructure bonds and senior citizens, a cut in corporate tax rates, and increased allocations for rural development, education, and healthcare. Inflation remains a concern, while the economy is expected to grow between 8.75-9.25% in the upcoming fiscal year.
• Indian economy grew @5.3% in Jul-Sept 2014 quarter (YoY), lower than the 10-quarter high of 5.7% recorded in the previous quarter, but better than 4.7% in FY14 (Apr'13-Mar'14)
• Slow down due to lower Industrial (@ 2.2%) and Agricultural (@ 3.2%) growth during the quarter. But services sector grew @ 7.1%
• Private spending grew at 5.8%; Fixed Capital formation was flat; Government expenditure expanded @ 10.1%
• Economy is expected to grow @ 5.5% in FY15 and 6.5% in FY16 (FY:Apr-Mar)
• New government's policy decisions key to growth revival; Central bank is expected to cut policy rates by early CY2015
The budget aims to boost rural development and infrastructure spending. It increases allocation for agriculture and rural development. It also raises spending on railways and roads to strengthen infrastructure. However, the fiscal deficit target was higher than expected and long-term capital gains tax was introduced for equities.
AFC Iraq Fund (non-US) Factsheet 30.6.2018Thomas Hugger
This document provides information on the AFC Iraq Fund (Non–US), including its investment objective, focus, subscriptions and redemptions, benchmarks, fees, performance, holdings and allocations. The fund seeks long-term capital appreciation through investing in listed Iraqi equities and foreign companies doing business in Iraq. In June 2018, the fund returned -2.5% compared to -3.5% for its benchmark and is up 17.1% year-to-date. The largest country, sector and security allocations are to Iraq, financials and bank stocks, respectively.
The document provides a market review of 2017 and outlook for 2018 for India. It summarizes that the Indian market outperformed global markets in 2017. Key domestic indices like Nifty returned 28.6% led by outperformance in realty, telecom and metal sectors, while pharma and IT underperformed. Equity raising through IPOs reached record levels. Inflation increased in the second half of 2017. The outlook expects corporate earnings to drive the equity market while bond yields may remain range-bound.
The document provides an economic and fiscal outlook for New Zealand from the Treasury. It summarizes the global and domestic economic situation and forecasts, including steady but modest global growth. Domestically, growth is expected to be driven by investment and consumption. The fiscal strategy aims to restore financial strength by reducing the deficit and constraining expenditure growth to achieve a surplus by 2014/15 and reduce net debt to below 20% of GDP by 2020. The budget decisions and four-year plans support this strategy through spending on priority areas and restraining new operating spending.
The document discusses several topics related to the global economy and currencies. It provides projections for interest rates and GDP growth from the FOMC, ECB, and for various countries. It also discusses trends in commodity prices, currency exchange rates, bond yields, FDI flows, and other economic indicators for countries like the US, Eurozone, India. Key points mentioned are the flattening of the US yield curve pointing to long term uncertainties, expected tight crude oil market conditions, outlook for the Indian rupee, and monsoon rainfall forecast in India for 2018.
Marketsummarypptx fortheweekended -14.11.2014Ifb India
The Indian stock market saw modest gains for the week ending November 14, 2014. The Sensex and Nifty closed at record highs, with the Sensex up 0.63% and the Nifty gaining 0.63%. Foreign investors purchased Indian stocks and a decline in global oil prices supported the market. In corporate news, Coal India, HDFC and Wipro rose while Tata Motors, Reliance and NTPC fell. The government increased fuel taxes and inflation rates declined. The market outlook remains tied to global cues, foreign investment, the rupee and oil prices.
The proposed FGN budget of N10.3 trillion for the 2020 fiscal year was presented to the National Assembly on Tuesday, October 8, 2019. The budget represents an increase of 11% from the approved N9.1 trillion FGN budget for 2019. Of the total proposed 2020 budget,
non-debt recurrent expenses accounts for 47.6% (N4.9 trillion), while capital outlay represents 20.7% (N2.1 trillion).
We have done an in-depth analysis of the budget proposal evaluating it against such other issues such as our debt profile, ERGP, plans to raise VAT and performance of previous budgets.
International Money Matters Pvt. Ltd. (IMMPL) is a SEBI registered financial planning and investment advisor helping clients achieve their financial goals. IMMPL identifies , prioritizes , outlines and achieves financial goals through a disciplined , personalized and research based approach. IMMPL has various prestigious awards under its belt and was recently awarded the winner of Outlook Money Awards 2017 in Registered Investment Advisor category.
Macro Pakistani | Paklaunch | Growth Basics and Economic Policy Making in Pak...Faiz Ahmed
Pakistan is classified as a lower middle income country with lower real growth than its peers. It follows 10 year consumption based growth cycles, with periods of low growth as the economy slows down. Investment and savings levels are not high enough, relying too much on foreign inflows. Productivity has remained largely unchanged across sectors, and most new jobs will be low-wage and low-skilled. To improve growth, policy focus should be on increasing investment, human development, and addressing constraints like limited access to financing for the private sector.
The budget aims to transform, energize and clean India. It focuses on supporting farmers, rural development, jobs, housing, and healthcare. While some measures support sectors like exports, manufacturing, and tourism, others felt neglected. The budget emphasizes fiscal discipline and restricts the fiscal deficit. Direct taxes see some changes but indirect taxes will largely be subsumed under GST to be implemented in 2017-18.
The document discusses turning Nigeria's economic crisis into an opportunity through fiscal stimulus and implementing the Strategic Implementation Plan (SIP). It summarizes that Nigeria is currently in a recession due to overdependence on oil, falling oil prices, and declining foreign reserves. To recover, it recommends large fiscal stimulus through asset sales and infrastructure projects to boost the economy, along with fully implementing the SIP which focuses on diversifying the economy, boosting agriculture and non-oil exports, and attracting investment through business reforms. Key actions proposed include deregulating petroleum product prices to reduce foreign exchange demands and providing incentives to develop private refineries.
- Globally, markets ended in positive terrain on renewed hopes of positive outcome from high level US-China trade talks scheduled this month.
- Indian Markets cheered the announcement of substantial cuts in the corporate tax rate.
- Sectors which may benefit from lower corporate taxes – Consumer, Energy, Finance, etc. ended on positive note
- Sectors like Healthcare, IT, etc. are likely to benefit relatively less as they have a lower effective tax rate due to export / investment related exemptions
Have a detailed insight into a monthly equity and fixed income market outlook.
Read the full document to know more.
The document discusses India's fiscal deficit and weakening economic growth. It notes that direct tax collection growth of 14.43% from April to August fell short of the 18-19% target. Indirect tax growth was only 4.1% compared to the target of 18-19%. Rising global commodity prices and a depreciating rupee are increasing subsidies which will likely exceed the budgeted amount. With the fiscal deficit already reaching 63% of the target for the first four months, containing the deficit at 4.8% of GDP will be extremely difficult. The Finance Minister will need to increase diesel prices, boost tax collection, and cut spending to meet fiscal targets.
Macroenomic Policy Coordination: Beyond StabilityAbdul Hadi Ilman
The document summarizes Indonesia's macroeconomic conditions and policy coordination challenges. It notes that while China's economic growth remains sizable, Indonesia should also focus on opportunities in ASEAN. Household consumption is the main driver of Indonesia's GDP growth, but investment and exports have weakened. Maintaining high growth will require increasing savings or improving productivity. Fiscal and monetary policies face limitations, and government spending must avoid crowding out private investment. Commodity prices and global growth remain uncertain. Coordinating policies across sectors is important for sustainable growth and stability.
The budget document discusses the challenges facing the Indian economy such as slowing global growth, rural distress, and weak private investment. It highlights key figures from the Union Budget for 2016-17, including a fiscal deficit target of 3.5% of GDP. Expenditure is expected to increase 10.8% while receipts will rise 15.5%. Spending will focus on rural development, social sectors, and infrastructure. The budget aims to boost growth while maintaining fiscal discipline.
Oriental Weavers - Valuation update - January 2017Taher Seif, CFA
This document provides an analysis and valuation update for Oriental Weavers (ORWE.CA) by Prime Investment Research. It forecasts that ORWE's revenues will increase significantly in 2017 due to higher exports and price hikes, though local sales volumes may decline. It updates ORWE's fair value to EGP 19.21 per share and maintains an "Accumulate" recommendation.
M&A dealscape highlights the M&A deal activity in India over the last 4 quarters (July 2017 to June 2018), together with insights on macro-economic scenario and key deal rationales by sector.
The document provides an overview and outlook on domestic and global financial markets. It discusses the CEO's positive outlook on the Indian equity market rally and fiscal reforms. On the domestic front, it summarizes inflation trends, industrial growth, bond yields, and provides recommendations on debt strategies. Globally, it reviews equity market performance and updates on major economies. The overall document aims to advise investors by analyzing economic and market conditions.
The Union Budget 2013-14 aimed to continue focusing on inclusive growth while increasing planned expenditures. Key points included maintaining the fiscal deficit target of 4.8% for 2014, allocating more funds to infrastructure and increasing taxes on individuals and companies earning over Rs. 1 crore and Rs. 10 crore annually. The Budget was seen as not introducing major reforms and equity markets declined in response while bond yields increased due to uncertainty around fiscal consolidation.
This document summarizes Indonesia's 2018 budget and macroeconomic outlook. It notes that Indonesia's economy remains stable with GDP growth of around 5% despite global uncertainties. The 2018 budget projects lower deficit of 2.19% of GDP compared to 2017 and maintains debt financing below 30% of GDP. Revenue projections are based on recent tax performance while expenditures focus on improving efficiency and priority programs. Fiscal decentralization is strengthened through transfers to regions based on poverty, performance, and local resource optimization.
Current Economic Outlook & Protecting Credit ExposureAli Mohiuddin
This brief presentation looks at the recent market correction in light of historical corrections and the probability of the market entering the bull-market territory in the near future. By connecting the current economic and geo-political environment globally, it looks at the possible triggers for a more severe correction in the medium term. The presentation then focuses on the GCC Region and analyzes the possibility of an economic downturn in the GCC market. Finally, it briefly gives an opinion on how to protect credit exposure in this environment with industry outlooks for a few select industries.
This document discusses India's economic challenges and the government's fiscal year 2013-14 budget. It notes the goal of achieving 8% growth and allocating over $55 billion to plans. Funding was provided for women, children and agriculture. Tax cuts and credits were implemented to spur consumption. Economic problems discussed include the fiscal deficit, slowing GDP growth, stock market performance, the balance of payments and rupee depreciation. The conclusion states that the budget aimed to balance these issues but solutions will take time to impact the economy.
The document provides an overview of TransGraph Consulting Pvt Ltd, an Indian commodities and currencies forecasting firm. It summarizes TransGraph's services including price forecasting, risk management, value chain analysis and risk consulting software. It then discusses the global economic outlook, with the Euro strengthening against the US Dollar despite divergent monetary policies between the ECB and Fed. It also covers trends in the US, Eurozone, Japanese and Chinese economies and currencies. The document concludes with an outlook for the US Dollar index to find support above 87 and rise to 94.
This document provides an overview and analysis of the Indian and global economies, as well as the USD/INR currency outlook and application of Elliott wave theory for forecasting castor seed prices. It summarizes the state of the global economy, factors influencing the US dollar and euro currencies, and implications for commodities. For the Indian economy, it outlines expectations for GDP growth, fiscal trends, credit expansion, and the impact on foreign institutional investment. The document is presented by the founder of TransGraph Consulting, an Indian firm specializing in commodities and currency price forecasting, risk management, and other services.
The document summarizes economic forecasts for various Asian countries from 2015-2019 from BMI Research. It finds that overall growth in Asia will slow slightly to an average of 4.8% compared to 5.4% in the past five years, as China experiences a structural slowdown and Japan sees weak growth. However, some countries like Indonesia, Vietnam, and India will see faster growth. Private consumption in Asia is forecast to increase strongly, outpacing the global rate, as countries rebalance away from exports. Remittances are also expected to rise due to dollar strengthening and developed market growth. Individual country sections forecast slower Chinese growth, weak recovery in Japan, continued rebalancing and stronger growth in Indonesia, and rising political risks hampering
Equities - Good investments are invariably made in bad times.Marwah Financial®
- Low P/E investments have historically delivered good returns over 3 and 5 years, but low P/E periods are only available during difficult economic times when investor sentiment is negative. [paragraph 2]
- While low P/E periods have been profitable for long-term investors, most retail investors tend to invest more when the market and P/E ratios are higher, resulting in sub-optimal returns. [paragraph 4]
- Going forward, concerns around the tapering of global quantitative easing, India's fiscal deficit and economic growth are likely to be addressed in 2014. Investing in equities over the next 6 months through systematic investment plans could help investors benefit from the current low P/E environment. [paragraph
- Reliance Industries reported better than expected quarterly results with a 10% increase in profits. Surprisingly, production from its US shale gas assets exceeded expectations and output from its KG D6 basin.
- Most major IT companies also reported decent results, with Tata Consultancy Services revenue increasing 3% quarter-over-quarter and profits growing 40% year-over-year.
- Both the Consumer Price Index and Wholesale Price Index showed declining inflation in June compared to the previous month, falling to 7.3% and 5.43% respectively, which is positive for the economy.
Factsheet for Axis Mutual Fund- WishfinAnvi Sharma
The scheme aims to generate regular long term capital growth from a diversified portfolio of equity and equity related securities. The Scheme Will invest in companies with strong growth & a sustainable business model.
It gives me a pleasure to present the summary of India Budget Synthesis 2014.
While you may already have the snapshot, here is a document which will not only give you crisp highlights, but would also decode the impact of Budget 2014 on You, Your Company and Your Sector.
Hope you find this analysis useful in taking clearer business decisions and align your company's strategy with the overall economic climate in the balance part of financial year 2014-15.
Would love to hear your feedback on the usefulness of the same.
Similar to Ace Infinti Group - Decoding the Indian Budget FY19 (20)
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.