Please find below
the post budget comment from Mr. Gaurav Dua - Head Research , Sharekhan
Ltd. and attached photograph:-
The Union Budget
has fallen short of high market expectations. The street has reacted
negatively to issues such as high projected fiscal deficit of 6.8% (and more
importantly there is no roadmap of bring it down), no mention of reforms in
petroleum and insurance sectors, and absence of focus on aggressively
pushing ahead the divestment program. On the positive side, the Finance
Minister announced specific measures to enhance investment in infrastructure
and boost domestic consumption through lower tax burden (higher standard
deduction, withdrawal of surcharge and education cess). Overall, the focus
continues to remain on stimulating economic growth in spite of further
deterioration on fiscal front.Thanks &
Regards,
Karthikeyan.
Bluelotus Communications.
98408
34014
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