Unviel your dream budget 2009

Lot of expectations has built up from the budget especially after the strong victory of the UPA. Everybody is expecting something and it would be a Herculean task for the finance minister to make a balance between fiscal deficit and meeting expectations.

Capital Market in any country is the barometer of the economic condition of the said country. Capital market booms can be viewed as a market response to economic liberalization that would improve efficiency and lead to higher growth and the expectation of even higher growth. The markets provide impetus towards attaining higher GDP growth, but Indian capital markets is in a bad shape. Bear phase has dominated Indian markets from a very long time. Investors have lost confidence and Equity Markets are being looked upon as a speculator's den.

In order to revive capital market we would expect the government to phase out securities transaction tax (stt) and remove fringe benefit tax.

Apart form this a lot needs to be done on the infrastructure, power & healthcare front. Lot of projects in infrastructure and power has not materialized due to paucity of funds. People should be encouraged to invest more and this can only be done when they have more money in their hands. This can be done by reducing tax burden and increasing income tax exemption limit.


Rajesh Agarwal
Director - Research
CD Equisearch Pvt Ltd
37 Shakespeare Sarani
Calcutta 700 017
Mobile 98310 42017