Chief Economic Adviser K V Subramanian said the cut in corporate tax rate will foster investment, and as a result that should take care of the GST collections target. He expressed hope that the collections will improve in the coming months.
Chief Economic Adviser K V Subramanian on Monday said the impact of the second COVID-19 wave is not likely to be large on the economy but going forward, fiscal and monetary support will be needed to prop up growth.
Loading the player.
Union Budget 2021: Share market expectation on Budget Day; key factors that will guide D-Street
The budget announcements made by the FM will set the tone of the stock market on February 1 and thereafter. According to market analysts, the share market is expected to remain volatile in this eventful week as the Union Budget, macro data and RBI policy would be eagerly watched by investors. Besides, ongoing corporate earnings season would also impact stock market trading.
RBI to retain key rates, maintain accommodative stance in Feb policy meet
The Reserve Bank of India (RBI) Governor Shaktikanta Das-led monetary policy committee (MPC) is expected to keep key rates unchanged in its last monetary policy meeting of the current financial year. As per market experts, the central bank is expected to maintain status quo and keep the monetary stance accommodative at the policy review though it will take guidance from the Union Budget 2021