Special Article : Union Budget 2019: What does it mean for the Common Man?

Union Budget 2019

Key Budget Highlights:

– The government set a fiscal deficit target of 3.3%, lower than consensus. It plans to meet this target via increased non-tax revenue from disinvestments (Rs 1,05,000 crore), the Reserve Bank of India’s special dividend, and additional levies on petrol and diesel.

– Public sector banks (PSB) get recapitalization of 70,000 crore. This will be additional relief after the major PSBs improved their loan book quality and coverage ratios.

– Private investment will be encouraged in railways through Public-Private-Partnership (PPP) model. The government also announced 22.6% increase in road development outlay and the Pradhan Mantri Gram Sadak Yojana (PMGSY) completion target was advance to 2019 from 2022.

– The budget reiterates focus on Housing for All. Loans for affordable housing will get tax benefit, which is expected to boost demand.

– The turnover threshold for lower tax rates of 25% has been increased to Rs 400 crore from Rs 250 crore.  Continue reading “Special Article : Union Budget 2019: What does it mean for the Common Man?”

Learning Article : Why Do Stocks Form a ‘Cup-with-Handle’?

“Like the x-rays used by doctors, charts tell you at a knowledgeable glance if an individual stock, or the stock market in general, is healthy or sick. In doing so, they let you know if you should be in or out of the stock or in out of the market. And that, as you will see, makes all the difference.” – William J. O’Neil Continue reading “Learning Article : Why Do Stocks Form a ‘Cup-with-Handle’?”