200 likes | 220 Views
Presentation to Members of Institute of Cost Accountants. Union Budget 2019 13th July 2019. GDP Growth. Macro-economic Performance of Bric Countries. India Economic Slowdown. Economic Slowdown. Retreat of Globalisation Inventory levels in auto / real estate very high
E N D
Presentation to Members of Institute of Cost Accountants Union Budget 2019 13th July 2019
Economic Slowdown Retreat of Globalisation Inventory levels in auto / real estate very high Collapse in private consumption – demonitisation Rural economy badly hit SMEs slowdown High NPAs – Tight lending Vicious cycle Roll-out of GST Small businesses badly hit Compliance with GSTN Network Highest rate of Unemployment Crisis in aviation sector ILFS, DHLF defaults
Economic Survey • Virtuous cycle • Savings • Investments • Exports • Demography • Insolvency Code • SwachtaAbhiyan • Legal Framework • Tax Administration • Behaviourial Economics
Reform, Perform TransformAasha, Vishwas, Aakanshaयक़ीन हो तो कोई रास्ता निकलता है हवा की ओट भी ले कर चराग़ जलता है
Karya purusha karena lakshyam sampadyateWith determined human efforts, the task will surely be completed Mazbootdeshkeliye MazbootNagarik
Paradigm Shift One Nation, One Tax One Nation, One Grid
Heavy Inflows in Stock Exchange • Commanding Heights of the Economy are up for Disinvestment • Rs. 1.05 lakh crore of Disinvestment in Central PSUs • Public Shareholding increased from 25% to 35% • Promotors Quota to be maximum 65% from 75% • Surplus shares to be offered for sale or MNCs delisting • Huge Inflows Expected in Stock Market: Rs. 4 lakh crores • Huge supply of shares can impact its prices. • Timing is very important in minimizing the impact • Over 1400 companies likely to be impacted. • Special mention: TCS, Wipro, Dabur, Bandhan, Pidilite
Inward Outward • 100% FDI permitted in Insurance Intermediaries • Local Sourcing Norms eased for FDI in Single Brand Retail Sector • India getting integrated with global value chain. • India becoming part of global financial system • Investments from Pension Funds, Sovereign Wealth Funds, top Insurance Cos.\ • FPIs investments in debt securities issued by ReIT and InvIT permitted • FPI Investment in stocks
One Nation One Grid • Rs. 1 lakh crores investment planned in Infrastructure sector for next 5 years. • Rs. 50 lakh crores investment in Railways next 12 years. • Smooth connectivity through Rural Roads, Industrial Corridors, Freight Corridors, Bharatmala, Sagarmala, Udaan Scheme • Power availability to states – developing gas grids, water grids, i-ways and regional airports.