Business Daily from THE HINDU group of publications
Monday, Mar 03, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Monday, Mar 03, 2008 ePaper | Mobile/PDA Version |
|
|
|
|
|
|
|
Industry & Economy
-
Budget Long-term fundamentals 
This Union Budget is really praise worthy. It is not short term technicals but long term fundamentals in stock market language. Writing off farmers loans is a bold step. Let this result into a new green revolution. If stock exchange index is a barometer of the economy, then agriculture is nerves of the economy, which meets the basic needs of people directly and indirectly to corporates by supplying raw materials. Hike in tax exemption is a boon to salaried class individual s. It’s only seen that inflation is coming down but not any expenditure related to daily life. Salaried class peoples’ income does not rise accordingly and hardly saves anything for future. This move will lead to more consumption. Again it will indirectly do good for corporates. Tax holiday to hospital and previously hospitality industry will serve better and improve health & foreign revenues. Again it will indirectly do good for corporates. Large reserve for ammunition always made Jai Jawan. Writing off farmers debts made Jai Kisaan. Tax holiday and sops to pharma made Jai Vighyan. Tax exemption hike makes Jai Aam Insaan. Let this increase the morale of man power & reflect in GDP. It’s a good blend of Budget by concentrating on basic needs, and contributing towards corporate results indirectly. Thus India Inc will grow to healthy, wealthy & wise. U. Ramakanth Pai, Karvy Stock Broking Ltd, Kochi. More Stories on : Budget | Stock Markets
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
 |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|