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Wednesday, Mar 01, 2006
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 Money & Banking - Budget


Ideal for long-term investor

Mr Uday Kotak, Executive Vice-Chairman & Managing Director, Kotak Mahindra Bank: "It is an excellent Budget for the long-term investor. Correction of revenue deficit to 2.1 per cent and the fiscal deficit to 3.8 per cent are steps in the right direction at the macro level. The steps to develop the debt market both in Government securities and corporate bonds are positive."

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Stories in this Section
Short-term credit at 7 pc — Farmers to get from kharif season

Registrars, share transfer agents under service tax ambit — `12% levy is bad news for AMCs'
Bank deposits to get 80C deduction — Recapitalisation bonds to be converted into tradable securities
A mature financial sector
A draft of demands
Banks to cut lending rates on farm loans
Superannuation scheme to regain favour
Bankers hail move on recap bonds
IDFC adversely affected
NBFC granted audience
Ideal for long-term investor
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