What broking houses expect from Budget

MORGAN STANLEY

Govt to focus on balanced approach to revive growth & continue reforms
To improve public finances and kick-off divestment

BNP PARIBAS
Govt to focus on growth & revive fiscal responsibility
To fund infra spending from 3G auction and divestment funds

GOLDMAN SACHS
Govt to focus on low-cost housing, rural spending & supporting export-related sectors
Expects govt to fund fiscal deficit from divestment & 3G auction funds

HSBC
Govt to increase spending for highways, rural development & electrification
May hike FDI in insurance & announce roadmap for improving power grid

MACQUARIE
Govt may announce divestment and populist social measures
Likely to make actual fiscal position transparent by bringing off Budget items above the line

KOTAK
Govt may increase revenue by Rs 60,000 crore from divestment, 3G auction & partial rollbacks of tax cuts
To spend Rs 35,000 crore on education, unemployment & poverty alleviation

EDELWEISS
Govt to continue to target rural employment, low-cost housing & uplift rural India
To revive infra, small & medium enterprises and export-related sectors

ENAM
Govt to emphasise on social spending & infra boost
To target Rs 30,000 crore from divestment to bridge fiscal gap by minimum 0.5%

AMBIT
Govt to increase allocation to healthcare, education & rural employment and kick-off divestment
May roll back partially indirect tax concessions to 10% from 8%

EMKAY
Govt to focus on growth vs fiscal prudence and stress on social sector spending
To hike excise duty & service tax by 2% and may announce tax amnesty scheme

ANGEL
Govt to announce reforms in pension & insurance sector
To provide clarity on plans for disinvestment & 3G auctions

RELIGARE
Govt to focus on social sector spending & infra development
May raise funds from 3G, divest stakes in PSUs and consider partial fuel price deregulation

CENTRUM
Govt to focus on divestment and other capital receipts to fund fiscal deficit
Likely to bring more services under the service tax net and raise FDI on insurance to 49%