News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Tenders »
 Institute Of Cost Accountants Of India, Kolkata, West Bengal
 Rajiv Gandhi University Of Knowledge Technologies, Krishna, Andhra Pradesh
 Institute Of Cost Accountants Of India, Delhi
 Food Corporation Of India, Guwahati, Assam
 National Institute for Micro Small and medium Enterprises, Hyderabad, Andhra Pradesh
 Department Of Urban Local Bodies, Gurgaon, Haryana
 Artificial Limbs Manufacturing Corporation of India, Naramau, Kanpur
 Institute Of Chartered Accountants Of India, Indraprastha Marg, New Delhi
  National Centre For Antarctic And Ocean Research, Vasco Da Gama, Goaa
 National Centre For Antarctic And Ocean Research, Vasco Da Gama, Goaa
 Rajasthan Housing Board, Jaisalmer, Rajasthan

Institute Of Chartered Accountants Of India,Gandhinagar,Gujarat
August, 13th 2019

When asked about his views on D-Street, Garner said: "We have a target of 45,000 for the Sensex."

Jonathan Garner, chief Asia & EM equity strategist at Morgan Stanley, spoke to CNBC-TV18 about trends in the global and domestic markets.

“We are overweight India and we are following the developments with some interest. It's our second top pick market amongst the 28 we cover after Brazil,” said Garner.

According to Garner, the rates are headed lower in India and corporate merger and acquisitions and foreign direct investment (FDI) transactions will improve in India.

Talking further about India, Garner said: "On a relative basis, flows to India are holding up somewhat better than some of those trade-dependent markets in North Asia like China, Taiwan and Korea.

"Yes, for sure this isn't a good period for emerging market equities, fixed income or currencies and we have seen the rupee weaken somewhat but those defensive characteristics of the Indian market are coming to the front and its relative performance to other emerging markets in the last 4-6 weeks has been pretty good."

About expectations from the Indian government, he said: "We certainly would put public sector undertaking (PSU) bank recapitalisation right at the top of the list. We know that Rs 700 billion has already been approved in the budget, but we have been arguing for some time that more urgency is needed on that.

"We want to see clarification about the taxation of inward foreign direct investment and also foreign portfolio investment. We would like to see some strategic divestments of public sector companies and maybe India could conclude a trade deal with the US taking perhaps an advantage of much more difficult relationship that the US has with China."

"Continued rationalisation of goods and services tax (GST) rates and a new direct tax code to streamline direct taxes and continued prioritisation of infrastructure spending. So there is quite a lot that can be done here at the start of the second term and if that happens then that should help stabilise foreign portfolio flows and also help improve economic growth," he said.

Speaking about the market, Garner said: "We have a target of 45,000 for the Sensex."

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multimedia Presentations Multimedia Solutions 3D Solutions Corporate Presentations Business Presentations Multimedia Presentation India M

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions