Finance minister Nirmala Sitharaman on Tuesday in the parliament presented her fourth budget including key measures for a number of sectors, aimed at boosting growth amid high & rising inflation and continuing Covid uncertainties.
MBA Research Project Report on GST - Title as "Impact of GST on Spending Beha...Rohit
Hi I'm Rohit
I am Post Graduate in Management (MBA) in Finance+Marketing.
This research is related to Goods and Service Tax - Title as "Impact of GST on Spending Behaviour of Consumer in India" And the main Objective was this research is to understand and analyze the relation between income and spending behavior of consumer in India & to measure the “Impact of GST on spending behavior by consumer in India and also to find out the major effects after adopting the GST.
Guys if you are fresher and you have no any idea and experience to conduct the report so you can check my research it will help you definitely.
Thanks & Regards
Make in India is an initiative of the Government of India to encourage multi-national, as well as domestic, companies to manufacture their products in India. It was launched by Prime Minister Narendra Modi on 25 September 2014.India would emerge, after initiation of the programme in 2015, as the top destination globally for foreign direct investment, surpassing China as well as the United States.
The Main Motto of The Government of India is to invite business entities from all over the world to invest in Indian Manufacturing industry. For this GOI is trying to simplify the rules and regulations to invite investment from foreign investors.
Make In India is a new national program designed to transform India into a global manufacturing hub. It contains a raft of proposals designed to urge companies - local and foreign - to invest in India and make the country a manufacturing powerhouse.
The major objective behind the initiative is to focus on job creation and skill enhancement in 25 sectors of the economy.
The initiative also aims at high quality standards and minimising the impact on the environment.
The initiative hopes to attract capital and technological investment in India.
Under the initiative, brochures on the 25 sectors and a web portal were released. Before the initiative was launched, foreign equity caps in various sectors had been relaxed. The application for licences was made available online and the validity of licences was increased to three years. Various other norms and procedures were also relaxed.
Finance minister Nirmala Sitharaman on Tuesday in the parliament presented her fourth budget including key measures for a number of sectors, aimed at boosting growth amid high & rising inflation and continuing Covid uncertainties.
MBA Research Project Report on GST - Title as "Impact of GST on Spending Beha...Rohit
Hi I'm Rohit
I am Post Graduate in Management (MBA) in Finance+Marketing.
This research is related to Goods and Service Tax - Title as "Impact of GST on Spending Behaviour of Consumer in India" And the main Objective was this research is to understand and analyze the relation between income and spending behavior of consumer in India & to measure the “Impact of GST on spending behavior by consumer in India and also to find out the major effects after adopting the GST.
Guys if you are fresher and you have no any idea and experience to conduct the report so you can check my research it will help you definitely.
Thanks & Regards
Make in India is an initiative of the Government of India to encourage multi-national, as well as domestic, companies to manufacture their products in India. It was launched by Prime Minister Narendra Modi on 25 September 2014.India would emerge, after initiation of the programme in 2015, as the top destination globally for foreign direct investment, surpassing China as well as the United States.
The Main Motto of The Government of India is to invite business entities from all over the world to invest in Indian Manufacturing industry. For this GOI is trying to simplify the rules and regulations to invite investment from foreign investors.
Make In India is a new national program designed to transform India into a global manufacturing hub. It contains a raft of proposals designed to urge companies - local and foreign - to invest in India and make the country a manufacturing powerhouse.
The major objective behind the initiative is to focus on job creation and skill enhancement in 25 sectors of the economy.
The initiative also aims at high quality standards and minimising the impact on the environment.
The initiative hopes to attract capital and technological investment in India.
Under the initiative, brochures on the 25 sectors and a web portal were released. Before the initiative was launched, foreign equity caps in various sectors had been relaxed. The application for licences was made available online and the validity of licences was increased to three years. Various other norms and procedures were also relaxed.
PM-DevINE: New scheme Prime Minister’s Development Initiative for North-East Region (PM-DevINE) launched to fund infrastructure and social development projects in the North-East.
Vibrant Villages Programme: Vibrant Villages Programme for development of Border villages with sparse population, limited connectivity and infrastructure on the northern border.
Sunrise Opportunities: Government contribution to be provided for R&D in Sunrise Opportunities like Artificial Intelligence, Geospatial Systems and Drones, Semiconductor and its eco-system, Space Economy, Genomics and Pharmaceuticals, Green Energy, and Clean Mobility Systems.
A Report On The Financial Analysis Of Hindustan Unilever Limited (HUL)Navitha Pereira
Hindustan Unilever Limited (HUL) is India's largest Fast Moving Consumer Goods company with a heritage of over 80 years in India. On any given day, nine out of ten Indian households use their products. In this report we do financial analysis of Balance Sheets and Profit & Loss A/Cs of the company. We also analyze the impact of demonetization and GST on the company and also look at the FMCG sector as a whole.
Powerpoint Presentation on Demonetisation (1)shenagarg44
On 8th November 2016, government announced Demonetisation of all 500 and 1000 rupees bank notes of the Mahatma Gandhi Series.
It also announced the issuance of new 500 and 2000 rupees banknotes.
This presentation elaborates the economic crisis in Sri Lanka. It explains the causes of economic instability in Sri Lanka and the factors worsening it. Such miserable economic situation is presenting valuable lessons for other sister asian countries to counter their economic instability. Pakistan, a sister country of Sri Lanka is facing severe political and economic instability these days. Pakistan is learning from the Sri Lankan economic situation and tending to improve its economy but the extreme political instability is hurdling and exacerbating the economic crisis. However, policies are underway to counter the economic crisis and more probably Pakistan will escape the Sri Lankan experience.
The slide contains all about the union budget of republic of india in a single ppt. it is important for exams like UPSC, SSC, STATE PSC , RAILWAY, and many other exams in india.
Get detailed insights on the Economic Survey and Sectoral impact of the Key Union Budget 2022- 23 announcements. Check the presentation to find out more.
PM-DevINE: New scheme Prime Minister’s Development Initiative for North-East Region (PM-DevINE) launched to fund infrastructure and social development projects in the North-East.
Vibrant Villages Programme: Vibrant Villages Programme for development of Border villages with sparse population, limited connectivity and infrastructure on the northern border.
Sunrise Opportunities: Government contribution to be provided for R&D in Sunrise Opportunities like Artificial Intelligence, Geospatial Systems and Drones, Semiconductor and its eco-system, Space Economy, Genomics and Pharmaceuticals, Green Energy, and Clean Mobility Systems.
A Report On The Financial Analysis Of Hindustan Unilever Limited (HUL)Navitha Pereira
Hindustan Unilever Limited (HUL) is India's largest Fast Moving Consumer Goods company with a heritage of over 80 years in India. On any given day, nine out of ten Indian households use their products. In this report we do financial analysis of Balance Sheets and Profit & Loss A/Cs of the company. We also analyze the impact of demonetization and GST on the company and also look at the FMCG sector as a whole.
Powerpoint Presentation on Demonetisation (1)shenagarg44
On 8th November 2016, government announced Demonetisation of all 500 and 1000 rupees bank notes of the Mahatma Gandhi Series.
It also announced the issuance of new 500 and 2000 rupees banknotes.
This presentation elaborates the economic crisis in Sri Lanka. It explains the causes of economic instability in Sri Lanka and the factors worsening it. Such miserable economic situation is presenting valuable lessons for other sister asian countries to counter their economic instability. Pakistan, a sister country of Sri Lanka is facing severe political and economic instability these days. Pakistan is learning from the Sri Lankan economic situation and tending to improve its economy but the extreme political instability is hurdling and exacerbating the economic crisis. However, policies are underway to counter the economic crisis and more probably Pakistan will escape the Sri Lankan experience.
The slide contains all about the union budget of republic of india in a single ppt. it is important for exams like UPSC, SSC, STATE PSC , RAILWAY, and many other exams in india.
Get detailed insights on the Economic Survey and Sectoral impact of the Key Union Budget 2022- 23 announcements. Check the presentation to find out more.
budget analysis 2105 -2016
Union Budget, which is a yearly affair, is a comprehensive display of the Government's finances. It is the most significant economic and financial event in India. The Finance Minister puts down a report that contains Government of India's revenue and expenditure for one fiscal year.
PM Gati Shakti master plan
Inclusive development
Productivity enhancement
Sunrise opportunities
Energy Transition
Climate Action
Financing of Investments
PM Gati Shakti master plan
Inclusive development
Productivity enhancement
Sunrise opportunities
Energy Transition
Climate Action
Financing of Investments
INFLATION
FISCAL DEFICIT
Wallet4wealth newsletter-jan-2022. In this news letter we have highlighted Union Budget 2022, Inspiring case stories, 5 must do SIPs for 2022, Market indicators etc. Finance minister Nirmala Sitharaman presented her Budget which was based on 7 key priorities.
The first budget from the Finance Minister seems to be a concrete step to rekindle growth through fiscal consolidation, investment cycle revival, driving the manufacturing sector, supporting agriculture and restoring business sentiment. As the debate on the Budget presented by the new Indian Government heats up, here's our analysis of how the budget impacts us
RBSA-Budget-Finance Bill 2023-Key Proposals.pdfRBSA Advisors
Keeping a people-centric approach, various amendments in individual tax provisions and amendments providing benefits under the new tax-rate regime is a welcome move.
Deloitte India: What the union budget 2021 brings?aakash malhotra
The Union Budget of 2021 was presented on 1 February 2021 by the Finance Minister, Smt. Nirmala Sitharaman. Deloitte India analyses how the presented budget turned out against expectations. Experts bring forth Deloitte’s View regarding the key highlights of the budget. The presentation also studies the impact of the budget on tax and various industries including, the banking sector, insurance, and healthcare sector. Download here and learn more.
Market outlook April 2021 - ICICI Prudential Mutual Fundiciciprumf
The resurgence of the pandemic may delay the recovery and growth of the Indian Economy. And with limited room for rate cuts going forward, investors could benefit from active duration management and accrual strategies.
To know more, read our Market Outlook for April 2021.
Does your portfolio have a blend of reasonable stability and potential growth?
Just as how a Sturdy Suspension and Powerful Engine together contribute to a smoother car ride, investing in a combination of Large and Mid cap stocks can offer the best of both worlds – Reasonable Stability + Potential Growth.
Know more: https://bit.ly/3UuS9x8
#ICICIPrudentialMutualFund #LargeCapFund #MidCapFund #MutualFunds #Investment
The rising sun of 2024 brings new hope for global markets! This sun shines a little brighter on the Indian economy as it gets off the tag of a 'fragile economy' to emerge as a robust one. The world economy is headed towards a 'Paradigm Shift' with India leading the way.
Explore this shift further with our Annual Outlook Report 2024!
#ICICIPrudentialMutualFund #AnnualOutlook #ETF
Equity Valuations Perspective | January 2024iciciprumf
Navigate Equity Markets better through our VCTS (Valuations, Cycle, Triggers and Sentiments) framework. The document below highlights the impact of various dynamic variables on the equity market across time periods. Read on to know more!”
#ICICIPrudentialMutualFund #Equity #Investments #MutualFunds
Stepping into 2024 with resilience and foresight!
New year has begun with a Paradigm Shift in trends of global and domestic macros.
While the global economies remain fragile, the Indian economy emerges as robust, defying the label of a fragile economy.
Explore the 2024 Outlook for insights on this Paradigm Shift!
#ICICIPrudentialMutualFund #MutualFunds #Investments #NewYear #2024
While there is some decline in China, there are positive market situations for India. What does that mean for an investor like you? See in December's Monthly Market Outlook here.
#ICICIPrudentialMutualFund #Investment #December2023 #MonthlyMarketOutlook #MutualFunds
Amidst global tensions, the global economies might be taking the strain but Indian economy continues the Goldilocks streak. Take a holistic view at what that might mean for you as an investor with the Monthly Market Outlook.
#ICICIPrudentialMutualFund #MonthlyMarketOutlook
ICICI Prudential Equity Valuation Index | Nov 2023 iciciprumf
Our latest Equity Valuation Index remains in the Neutral Index even after market corrections. But how do you smartly navigate through the market's volatility? Allocating your funds across different classes may help you. Have a look to understand better!
#ICICIPrudentialMutuaFund #Equity #EquityValuationIndex #Market #Investments
How can we prepare for the mood of the market? Use micro indicators for a comprehensive look at the market in this month's Market Outlook!
#ICICIPrudentialMutualFund #MonthlyMarketOutlook #October #Investment #MutualFunds
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
2. Highlights of Economic Survey (2023)
• India 5th largest economy
in 2022
• Nominal GDP expected to
be ~$3.5 Tn by FY23 end
Avg. monthly gross GST
collection rose to 1.49 Lk. Cr.
in current fiscal from 1.24 in
FY22
National Infrastructure
Pipeline (NIP) has expanded
to 9,000 projects from 6,835
projected earlier
Goods & Services exports for
9MFY23 up 16% compared
to same period
in 2021-22
Central Govt. capex rose by
63% y-o-y during 8MFY23
Gross Tax Revenue registered
15.5% y-o-y growth from
Apr-Nov 2022
TAX REVENUE
CAPEX
EXPORTS
INDIA HIGHLIGHTS
GST
INFRASTRUCTURE
02
Source - https://www.indiabudget.gov.in/economicsurvey. GDP – Gross Domestic Product, Capex – Capital Expenditure, GST – Goods & Services Tax, y-o-y – year on year
3. Highlights of Economic Survey (2023)
Source - https://www.indiabudget.gov.in/economicsurvey. PMAY – Pradhan Mantri Awas Yojna, JJM – Jal Jeevan Mission, DDU – GKY - Deen Dayal Upadhyaya Grameen Kaushalya Yojana, PMUY
- Pradhan Mantri Ujjwala Yojana, AB-JAY - Ayushman Bharat – Pradhan Mantri Jan AarogyaYojana, PMGKSY - Pradhan Mantri Gram Sadak Yojana, PM-SHRI - Pradhan Mantri Schools for Rising
India, PMSBY - Pradhan Mantri Suraksha Bima Yojana, PM-SYM - radhan Mantri Shram Yogi Maan-dhan, MGNREGS - Mahatma Gandhi National Rural Employment Guarantee Scheme, NEP – National
Education Policy
Book of Multifaceted initiatives to improve the ecosystem of ‘Quality of Life’
03
2.1 Cr houses constructed
under PMAY
2.9 Cr Rural households
electrified under Saubhagya
11 Cr tap water connections
under JJM
13 Lakh candidate trained
under DDU- GKY
11 Cr LPG connections provided
under PMUY
22 Cr AB-JAY beneficiaries
NEP to revolutionize education,
14500 PM-SHRI schools to be set
up
30 Cr enrolments in PMSBY, 49
Lakh enrolments in PM-SYM
6.5 Cr households offered MGNREGS
work in FY 23
7.2 Lakh km roads constructed since
2000 under PMGKSY
4. Source - https://www.indiabudget.gov.in/economicsurvey. Revex - Revenue Expenditure, Capex – Capital Expenditure. Revex excludes interest payments & subsidies, PA – Provisional Actual, BE – Budget
Estimates, EPFO – Employees' Provident Fund Organisation
04
Highlights of Economic Survey (2023)
WALKING THE TIGHTROPE GRACEFULLY –
The Govt. is well on track to achieve its Fiscal Deficit target while simultaneously increasing its
Capital Expenditure which has a major multiplier effect on economy
104.6
46.2
58.9
0
20
40
60
80
100
Apr-Nov (5Y Avg) Apr-Nov 21 Apr-Nov 22
Fiscal Deficit as % of Budget Estimates
0
1
2
3
4
5
FY18 FY19 FY20 FY21 FY22 PA FY23 BE
Revenue to Capital Expenditure Ratio
5. Source - https://www.indiabudget.gov.in/economicsurvey
05
Highlights of Economic Survey (2023)
GROWTH MAGNETS THIS DECADE (2023-2030)
Healthy Financial System
(Financials & Corporate
Sector)
Global supply chain
diversification
De-regulation
Digitalization led
Formalization
New age
reforms
6. Source: Morgan Stanley and Nirmal Bang Institutional Equities. Past performance may or may not sustain in future. GDP – Gross Domestic Product, GNPL – Gross Non Performing Loans, E –
Estimates
06
Decoding the Growth Magnets
HEALTHY FINANCIAL SYSTEM
0%
2%
4%
6%
8%
10%
12%
F2012
F2013
F2014
F2015
F2016
F2017
F2018
F2019
F2020
F2021
F2022
GNPLs Restructured Loans
Banks have repaired their Balance Sheets in last few years
12.4
7.5
62
55
48
49
30%
35%
40%
45%
50%
55%
60%
65%
F2007
F2008
F2009
F2010
F2011
F2012
F2013
F2014
F2015
F2016
F2017
F2018
F2019
F2020
F2021
F2022
F2023E
F2024E
Corporate Debt, % of GDP
7. Source: https://www.indiabudget.gov.in. Past performance may or may not sustain in future. UPI – Unified Payments Interface. EPFO- Employees’ Provident Fund Organization
07
Decoding the Growth Magnets
DIGITALIZATION LED FORMALIZATION
8.8
13.2
0
2
4
6
8
10
12
14
Apr-Nov 21 Apr-Nov 22
EPFO Net avg. monthly subscribers (Lakhs)
Rise in Payroll Addition
1
6
18
34
72
126
0
20
40
60
80
100
120
2017 2018 2019 2020 2021 2022
UPI Transactions (in Lakh Crs)
Rise in Digital Payments
8. Source: OECD and Morgan Stanley & UBS. The sector(s)/stock(s) mentioned in this slide do not constitute any recommendation an d ICICI Prudential Mutual Fund may or may not have any
future position in this sector(s)/stock(s).
08
Decoding the Growth Magnets
GLOBAL SUPPLY CHAIN DIVERSIFICATION (CHINA+1)
0
5
10
15
20
25
Singapore
South
Korea
Taiwan
China
Thailand
Vietnam
Indonesia
India
Manufacturing Wage(US$/hr)
2019 2020 2021
Lowest Labour Costs makes
‘Manufacturing in India’
favourable
Companies
Investment
Time Period
(USD Bn)
Samsung, Foxconn, Lava,
Wistron & Pegatron
5.6 FY 21-26
Siemens Healthcare, Integris
Healthcare, Poly Medicure
0.5
FY 21-28
Nokia , Ciena, Flextronics 1.7 FY 22-26
Nestle, Hindustan Unilever Ltd, 1.5 FY 22-27
Daikin Group, Panasonic 0.9 FY 22-26
Key Announcements by Global Companies to invest in India
9. Source – NSSO, Income Tax data, Census, Spark Capital Research, Morgan Stanley. *15% for Manufacturing Companies, ARC – Asset Reconstruction Company
09
Decoding the Growth Magnets
NEW AGE REFORMS
PRODUCTION LINKED INCENTIVE LAND REFORMS
PM GATI SHAKTI
TAXATION REFORMS
To boost domestic manufacturing
INSOLVENCY & BANKRUPTCY CODE
Provides for insolvency resolution in time
bound manner
NATIONAL ASSET
RECONSTRUCTION CO. LTD
A ‘bad bank’ to aggregate & acquire stressed loans
Creation of Land banks to make land
easily identifiable for industrial
projects
Allocation of Rs. 100 Tn. to expedite
the projects of National Infrastructure
Pipeline
Cut in Corporate Tax rates to 22%*,
introduction of GST & faceless tax
assessment
10. 10
Union Budget 2023-24 – Key Announcements
CAPEX
• Steep rise in
capex outlay to
Rs. 10 Tn
(+33% y-o-y)
• This coupled with
Grants-in-Aid to
states take
‘Effective Capex’
to 4.5% of GDP
RAILWAYS
Highest ever
railway capital
outlay at Rs 2.40tn
AUTOMOBILES
AFFORDABLE
HOUSING
Outlay for Pradhan
Mantri Awas
Yojana enhanced
for 2nd consecutive
year by 66% to Rs.
790 Bn
PERSONAL
TAX*
EASE OF DOING
BUSINESS
To enhance ease of
doing business,
39000 compliances
reduced and 3,400
legal provision
decriminalized
• The Govt. plans
to allocate funds
to replace old
Govt. vehicles
• Budget focus
more on the EV
segment
• Rebate under section
87A of Income Tax
Act, 1961 hiked from
Rs. 5 lakh to Rs. 7
lakh under new tax
regime
• Restructuring of tax
slabs under new tax
regime
• Highest surcharge
reduced from 37% to
25% in new tax
regime
Source – www.indiabudget.gov.in. *Kindly consult tax advisor for further details. Capex – Capital Expenditure, GDP – Gross Domestic Product. EV – Electric Vehicle, y-o-y is year on year
11. 11
Direct Tax Announcements
• Extending benefits of
standard deduction
to new tax regime for
salaries class &
pensioners
• Increasing tax
exemption limit of Rs.
25 lakh on leave
encashment on
retirement for non-
govt salaried
employees
Surcharge rate on
income above Rs. 5 Cr
to be reduced from
37% to 25% under
new tax regime
Income limit for rebate of
income tax increased from Rs.
5 lakh to 7 lakh in the new tax
regime
Multiple changes were proposed under the new tax regime
30%
20%
15%
10%
5%
0%
0% 10% 20% 30% 40%
>15
12-15
9-12
6-9
3-6
0-3
Tax Rate
Income
Levels
Income Level and Tax Rate for
New Tax Regime
Source – www.indiabudget.gov.in. Kindly consult tax advisor for further details
12. 12
Key Announcements & Sector Impact
Source – www.indiabudget.gov.in. y-o-y – year on year, FAME - Faster Adoption and Manufacturing of Hybrid and Electric Vehicles, EV – Electric Vehicle, MNREGA - Mahatma Gandhi National
Rural Employment Guarantee Act, ULIP - Unit Linked Insurance Plan. The sector(s)/stock(s) mentioned in this slide do not constitute any recommendation and ICICI Prudential Mutual Fund
may or may not have any future position in this sector(s)/stock(s).
Infrastructure
• 33% y-o-y rise in capex outlay positive
• Defence outlay is up 8% y-o-y
• Road capex outlay +25% & railways outlay
+15% y-o-y respectively
Automobiles
• FAME 2 (incentives for EV) allocation of
Rs. 51.72 Bn vs Rs. 29.08 Bn last year
• Allocation for Automobiles and Auto
Components has been increased from Rs.
0.11 Bn to Rs. 6.04 Bn
Real Estate
• 66% higher allocation to Pradhan Mantri
Awas Yojana (PMAY) to Rs. 790 Bn
• Capping the benefit of Capital Gains tax
offsets via purchase of property >10 Crs a
minor negative
Cement
• Overall higher allocation for affordable
housing (PMAY) & Capex positive
• Minor negative - MNREGA allocation
down by 33% YoY at Rs. 600 Bn
Consumer Staples
• <2% effective marginal tax hike on
cigarettes post 2 years of stagnant tax
structure is a positive
Insurance
• Aggregate of premium for life insurance
policies (ex. ULIP) issued on or after 1st
April 2023 if >5 Lakhs, income will be
taxed at marginal tax rate
13. 13
Our Equity Outlook
• Indian equity market has underperformed Global and Asian Markets in the last few months*
• Also, in the last few weeks, we have seen good correction, resulting in moderation of premium
• However, we believe there is further head-room for valuations to normalize compared to long-
term average and relative to Emerging & Developed Market peers
• We continue to remain optimistic on long term economic prospects of India albeit with a cautious
view for near term as valuations are not cheap
• Hence, in sync with our Annual Outlook for 2023 (read here), we continue to recommend the ‘SAFE’
Investment Approach
• ‘S’ – Recommend Freedom SIP / Booster STP in Equity Schemes
• ‘A’ – Expect volatility, recommend asset allocation across asset classes / geographies
• ‘F’ – Debt schemes attractive post rate hikes
• ‘E’ – Recommend Equity Arbitrage / Equity Savings category for parking surplus funds
*Source – Value Research. SAFE is an acronym used for Investment Approach for 2023 and does not in any manner indicate safety or less risk
14. 14
Our Fixed Income Outlook
• The Union Budget was an extension to previous two budgets which was presented post the pandemic
• Growth has normalized, but we believe the pace of fiscal consolidation remains slow
• Strong tax buoyancy due to higher nominal growth (inflation included) made this year’s fiscal deficit target comfortable
• However, next year’s conditions due to higher inflation base may make the fiscal deficit target difficult to achieve
• Quality of spending in the budget remains good, which may result in growth remaining robust in the face of global
headwinds
• Hence effectively, challenging fiscal deficit math and strong growth may push RBI to hike rates moderately followed by
a period of elongated pause
• Changes in tax structure in select insurance products may be a dampener for the demand of long-dated bonds
• Also, the yield curve continues to remain flat, making term-premium unattractive
• Hence, we continue with our stance of remaining cautious on the longer-end of yield curve
• Having said that, the yields have become attractive on the shorter-end and we recommend investing in short-duration
schemes
• Accrual strategy is also recommended as the case for capital appreciation remains low due to low probability of rate-
cuts
Term Premium - The term premium is the amount by which the yield on a long-term bond is greater than the yield on shorter-term bonds
15. Disclaimer
15
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
The sector(s)/stock(s) mentioned in this presentation do not constitute any recommendation and ICICI Prudential Mutual Fund may or may not have any future position in these sector(s)/stock(s).
All figures and other data given in this document are dated. The same may or may not be relevant at a future date. The AMC takes no responsibility of updating any data/information in this
material from time to time. The information shall not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form,
without prior written consent of ICICI Prudential Asset Management Company Limited. Prospective investors are advised to consult their own legal, tax and financial advisors to determine possible
tax, legal and other financial implication or consequence of subscribing to the units of ICICI Prudential Mutual Fund. Past Performance may or may not be sustained in future.
ICICI Prudential Freedom SIP is an optional feature offered by ICICI Prudential AMC. This feature does not in any way give assurance of the performance of any of the Schemes of ICICI Prudential
Mutual Fund or provide any guarantee of withdrawals through SWP mode. The SWP will be processed either till Dec 2099 or till the units are available in target scheme, whichever is earlier.
Freedom SIP allows investors to switch the SIP investments to a target scheme, post completion of the SIP tenure & monthly SWP will continue from the target scheme. The investor may select any
other SWP Amount. Multiples above are default. The illustration showing “multiples”, “X”, “times” referred do not in any manner indicate the return or return multiple which investor will be getting
by investing in this feature. It only indicates the likely amount that can be withdrawn through SWP and for ease of understanding and planning of the investor, it is depicted in multiples of SIP
amount opted by the investor. STP – Systematic Transfer Plan. ICICI Prudential Booster Systematic Transfer Plan (“Booster STP”) is a facility wherein unit holder(s) can opt to transfer variable
amount(s) from designated open ended Scheme(s) of the Fund [hereinafter referred to as “Source Scheme”] to the designated open-ended Scheme(s) of the Fund [hereinafter referred to as “Target
Scheme”] at defined intervals. The Unitholder would be required to provide a Base Installment Amount that is intended to be transferred to the Target Scheme. The variable amount(s) or actual
amount(s) of transfer to the Target Scheme will be linked to the Equity Valuation Index (hereinafter referred to as EVI). Equity Valuation Index (EVI) is a proprietary model of ICICI Prudential AMC
Ltd. (the AMC) used for assessing overall equity market valuations. The AMC may also use this model for other facilities/features offered by the AMC. This facilities should not be associated or
confused with any other facilities provided by ICICI Prudential AMC Limited.
Disclaimer: In the preparation of the material contained in this document, ICICI Prudential Asset Management Company Ltd. (the AMC) has used information that is publicly available, including
Budget speech and information developed in-house. The stock(s)/sector(s) mentioned in this slide do not constitute any recommendation and ICICI Prudential Mutual Fund may or may not have any
future position in this stock(s). Some of the material used in the document may have been obtained from members/persons other than the AMC and/or its affiliates and which may have been made
available to the AMC and/or to its affiliates. Information gathered and material used in this document is believed to be from reliable sources. The AMC however does not warrant the accuracy,
reasonableness and / or completeness of any informa- tion. We have included statements / opinions / recommendations in this document, which contain words, or phrases such as “will”, “expect”,
“should”, “believe” and similar expressions or variations of such expressions, that are “forward looking statements”. Actual results may differ materially from those suggested by the forward
looking statements due to risk or uncertainties associated with our expectations with respect to, but not limited to, exposure to market risks, general economic and political conditions in India and
other countries globally, which have an impact on our services and / or investments, the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign
exchange rates, equity prices or other rates or prices etc. ICICI Prudential Asset Management Company Lim- ited (including its affiliates), the Mutual Fund, The Trust and any of its officers, directors,
personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any
way arising from the use of this material in any manner. Further, the information contained herein should not be construed as forecast or promise or investment advice. The recipient alone shall be
fully responsible/are liable for any decision taken on this material.