Budget 2017, GST important cues in the short term: Arvind Sanger

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Published: January 23, 2017 12:05:27 PM

Arvind Sanger of Geosphere Capital Management on Monday said that GST and Budget 2017 are important cues in the short term. He also said that demonetisation impact has not been fully factored in the December quarter.

The Budget is special not only for the fact that it has been preponed, but more importantly because it comes within months after Modi government’s massive demonestisation drive.The Budget is special not only for the fact that it has been preponed, but more importantly because it comes within months after Modi government’s massive demonestisation drive.

Arvind Sanger of Geosphere Capital Management on Monday told CNBC TV18 that GST and Budget 2017 are important cues in the short term. “Trade barriers and protectionism could be disruptive in nature,” he said. He further added that demonetisation impact has not been fully factored in the December quarter.

Narendra Modi government is likely to present Budget 2017 on February 1. The Budget is special not only for the fact that it has been preponed, but more importantly because it comes within months after Modi government’s massive demonestisation drive. Most analysts and economists expect Budget 2017 to be tax-payer friendly, especially given the pain that common man has faced after old Rs 500 and Rs 1000 notes ceased to be legal tender money.

Meanwhile, the Cabinet Committee on Parliamentary Affairs (CCPA) recommended holding of the Budget Session from January 31. The first part of the Budget Session will run till February 9. The 92-year-old practice of presenting a separate Rail Budget is going to end from this fiscal, with the Finance Ministry accepting Railway Minister Suresh Prabhu’s proposal to merge it with the General Budget.

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Also, the 92-year-old practice of presenting a separate Rail Budget is going to end from this fiscal, with the Finance Ministry accepting Railway Minister Suresh Prabhu’s proposal to merge it with the General Budget. Finance Minister Arun Jaitley has indicated that railway travel may become pricier for passengers come the next financial year.

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