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Expect a growth-oriented budget with an eye on fiscal consolidation: ICICI Securities

Updated : January 21, 2021 03:08 PM IST

Personal income tax rate cut on the lines of corporate tax rate cut announced in 2019, removal of STT, strategic disinvestment deal announcement would be positive for the markets.
Slow fiscal consolidation driven by expansion in non-development expenditure may pose downside risks.
Expect a growth-oriented budget with an eye on fiscal consolidation: ICICI Securities

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