LTCG removal, fiscal prudence: What brokerages want from FM this Budget?

With barely a few days left for the NDA (National Democratic Alliance) government to present the Union Budget proposals for financial year 2020-21 (FY21), most domestic and foreign brokerages look forward to credible steps to prop-up growth and provide some relief to the individual income-tax payers in terms of a cut in tax rates. 

Here are some of the key things on the wish list of leading brokerages. 

Morgan Stanley

We expect the budget to: (a) focus on credible fiscal numbers and gradual consolidation, (b) continue to favour investment-driven growth with redistributive spending likely to remain in line with nominal GDP growth, (c)