1. Union Budget 2017: What is in Arun Jaitley’s briefcase? Check out Twitter reactions

Union Budget 2017: What is in Arun Jaitley’s briefcase? Check out Twitter reactions

While there are no guarantees about what is the content of the Budget that is now in FM's briefcase, there are some things that must be looked at and talked about.

By: | New Delhi | Updated: February 1, 2017 11:12 AM
The Union Budget 2017 is to be presented today and a number of analysts and experts are providing their views about what is in front of Finance Minister Arun Jaitley as far as options that he can take and what he cannot. (PTI) The Union Budget 2017 is to be presented today and a number of analysts and experts are providing their views about what is in front of Finance Minister Arun Jaitley as far as options that he can take and what he cannot. (PTI)

The Union Budget 2017 is to be presented today and a number of analysts and experts are providing their views about what is in front of Finance Minister Arun Jaitley as far as options that he can take and what he cannot. While there are no guarantees about what is the content of the Budget that is now in FM’s briefcase, there are some things that must be looked at and talked about. Here we present the same and expected impact on various sectors of the economy as well as the Narendra Modi government’s vision for the country and how it expects to take that forward by implementing its various policies: Here are a number of reactions on Twitter that you must check:

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Speaking to ET Now, Madhusudan Kela reacted by saying, “Will watch out for sops for auto, housing and textiles sector. Tinkering with STCG tax would cause volatility in the market. Worst case scenario for LTCG Tax would be for definition to be changed to 3 years holding period. Market prepared for a slight change in definition of LTCG Tax. If we exceed 3.5% fiscal deficit, cut in interest rates will be delayed.”

On commodities prices rising, Kela was of the opinion that, “If oil prices move closer to $70/bbl, government’s gains will get capped.”

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