6 Apr 2013

Is the market stupid or intelligent enough?

Hello readers! This is interesting times for Indian economy and stock markets, post the budget. People (including me) had high expectations out of Chidambaram's budget which failed to deliver on many counts including bold moves to grease the economy and markets. For example, it was negative or absent on clear timetable for GST and DTC roll out, bold moves to encourage/ de-bottleneck investments in infrastructure, power and real estate, Reduction of Income Tax exemption or deduction limits to improve savings rate /investment rate, giving...