We believe
that LIC's IPO will play a crucial role in
meeting the targets for the upcoming financialyear, despite the higher divestment target set for the Union Budget.Even though there is volatility
pre and post Budget, the event hardly has any impact in the
two-week period.
It is
likely that the Center will miss its targets of divesting and selling strategic stakes in
FY2021-22. A further increase in disinvestment
and privatization is likely in the future.
There
are no changes to the capital gains tax for startups. Crypto startups seek clarity
over issues like taxation, legislation, exemptions and regulations.
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