Stock market investors expect balanced budget

New Delhi (PTI): Stock market investors are expecting a balanced Budget with a focus on job creation, increased spending on infrastructure, reigning in the deficit, and bringing the economy back on track, experts said on Wednesday.

Stock markets have been subdued in the run-up to the Union Budget with BSE’s benchmark Sensex is almost flat so far this month. Even the corporate earning season failed to excite the markets, while some indices like IT and bankex have seen some positive movements.

The muted performance of the markets could be due to FPIs moving funds out of India as they are looking for emerging markets with cheaper valuations. They have taken out over `16,500 crore from domestic equities so far this month.

Narendra Solanki, HeadEquity Research Anand Rathi Shares & Stock Brokers, said that investors are expected to remain focused on three key factors from the pre-election year Budget 2023, firstly equity investors are expecting a uniform tax structure for capital gains which might help taxpayers to have more disposable income.

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Chandigarh (PTI):

Digital currency will further bolster the digital economy, make payment system more efficient, reduce cost involved in physical cash management and also contribute to further financial inclusion, RBI Executive Director Ajay Kumar Choudhary said on Wednesday.

The RBI has already launched pilots of CBDC (Central Bank Digital Currency) in wholesale and retail segments last year.

Chaodhary said the CBDC (Central Bank Digital Currency) is just a digital form of the physical currency and will have all its characteristics.

It is non-remunerative that is it does not carry any interest like any currency, noted Choudhary, adding, “Erupee is also expected to offer features of physical cash like safety and settlement of transactions.”

Asserting that digital currency is aimed to compliment rather than replace current forms of money, he said, “it should not be construed as a step to replace any of the existing bouquet of payment which are already available with us.”

New Delhi: The country’s largest two wheeler maker Hero MotoCorp on Wednesday said it has commenced deliveries of its electric scooter VIDA V1 in Delhi after having started the process in Bengaluru and Jaipur.

The company said it is planning rapid expansion of its sales and charging network across multiple cities coinciding with the start of the sales process.

Hero MotoCorp had launched VIDA V1 in October last year in two variants Pro and Plus. VIDA V1 competes with the likes of OLA S1 Pro, Ather 450X and TVS iQube. —PTI