InvestorQ : What will be the condition of whole stock market due to new plans issued by finance minister nirmala sithraman
Ritesh oza made post

What will be the condition of whole stock market due to new plans issued by finance minister nirmala sithraman

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Roshni Hegde answered.
1 year ago


On 23rd August 2019, Finance Minister (FM) Nirmala Sitharaman in the press meet, shared her view over India's faster-growing pace even after the weak global market.

She announced many market-friendly reforms and the top agenda of the meet; here are the key takeaways:

Plan to infuse capital into public sector banks (PSUs)-
Over Rs. 70000 crore capital has been planned to invest in PSU in order to boost the lending power and the liquidity ratio. This move is expected to generate more strength to the sector and liquidity to the tune of Rs.5 lakh crore.

Bost to foreign portfolio investors-
FM Nirmala Sitharaman announced the reduction of increased surcharge on foreign portfolio investors disclosed in the Budget. The enhanced surcharge on long and short term capital gains levied on the transfer of equity shares has been withdrawn.

Reformation in the Auto sector -
All BS-IV vehicles bought before 31st March 2020, will be operational. This vehicle can continue operating until the registration expires. The fee of one-time registration has been hiked on vehicles till June 2020.
Ban on purchase of vehicles by government departments has been uplifted by FM. Both electric vehicles (EVs) and Internal Combustion Vehicles (ICV) has been flagged green to continue the registration.
Also, the government is looking to design the scrapping policy for the vehicles.

Ease in the cheaper loan-
The FM announced India banks will soon give benefits to their borrowers through MCLR reduction. She said, due to rate cut banks will ease the loan emi for housing, vehicle, and other retail loans.

Zero angel tax-
Yes, this has been a boon to all entrepreneurs and startups by the latest financial policy. The 'angel tax' provision will be no more levied on startups and their investors.

GST refund-
Ministry of Micro, Small & Medium Enterprises (MSMEs) will get their all GST refunds in the maximum period of 30 days.