A 'do no harm' Budget

In my opinion it is just an average budget neither it pursued reforms aggressively nor it was able to be a protectionist budget. As for covering up of fiscal deficit, the finance minister wouldn't be getting the chance of 3G spectrum auction type of chance again this fiscal, then how he is going to manage the deficit is one part and what about the rising fuel cost which already stands above $100 per barrel, what is he going to do about it. He has given incentive for developing green technology for vehicles but forgot to do the same for energy production.

Hope the budget is implemented according to it states.The greenfield industrialization to reduce unemployment, more FDI to reduce the supply side constraints, reduction of primary deficit as it is given priority in the budget, infrastructure development(support is given for both infrastructure and social infrastructure development in the budget), increasing FII limit in corporate bonds for long term financing, allowing FII in domestic mutual fund to boost the stock market,increasing agricultural productivity, are the necessities of the time, most of which is covered in the budget.

This seems more like a lack lustre budget and am a bit disappointed that even Equity master is praising this. There is nothing for common man. Moreover, he needs 5 pronged 10 pronged approach to get black money back.
It is a pity to see corruption (CWG, 2G scan, food inflation) taking front end and there is nothing being done.

There are definitely some welcome aspects in this budget - agreed. But, did I miss to read a focus on Supply Chain infrastructure from the farm to consumer to ease the flood inflation? I cannot agree more with my friend 'ferns' above who said "When we have such slops as food ministers and we see on the T.V. foograins rotting outside the godowns, one's blood boils"... I have seen it happen in reality... this is not only in terms of food crops, but its for all the commodities from farm to consumer. For eg: I'm seeing Teak Wood being bought for neglible prices (from farmers) and being sold at exorbitant rates (at the traders) just a few miles away.

Did I miss on a healcare reform for aam admi? Did I miss a ease on direct benefits for aam admi?

A very very good budget, after all!!

we have the best economist at the helm of the nation.fantastic budget.
Steps towards fiscal prudence is what will bring prosperity in long term.

I like 5minwrap up..it gives a great insight about the happenings throughout the day..!!great initiative!!

"Dr. Subbarao has stated that food inflation has been a result of supply side constraints. However, it has also been stoked by higher consumption seen from the rural side. Food inflation has remained consistently in double digits for the entire 2010 and is still showing no signs of easing. The RBI has raised interest rates by nearly six times to control inflation. While broader inflation numbers have started to ease off, food inflation still remains quite high."

We will never be able to control food inflation unless we rein our galloping population.
The green revolution and the white revolution increased the production of food grains and milk so that we did not have to import these products for the last few years.
However, now our population has caught up with the increase in production and we shall soon have famines staring at us.
Further, the governments policy of taking land from the farmers and handing them to industry is shrinking the area under cultivation.
As much as I would like to "feel good", I am sorry but India has tough times ahead with a corrupt government not willing to take corrective measures.

Given the Economic situation as it is today, this is probably the best the F.M. could have done. He has mentioned during the presentation that allocation will bve made for A/C godowns, to stock grains. But the fact is that the Agr. Minister does not care a hoot about the foodgrains hike in prices or its non avalability. A recent eg. when the prices of onions went up,and when he was asked, his pat reply was nothing can be done . When we have such slops as food ministers and we see on the T.V. foograins rotting outside the godowns, one's blood boils.With such kind of ministers what growth can we epect? And the sufferers are the common man.Given this situation we are in the FM. has walked a thin rope and done a balancing act.

"The challenge, of course, is the calculation of intrinsic value. Present that task to Charlie and me separately, and you will get two different answers. Precision just isn't possible." Warren Buffett

How true! The intrinsic value of equity, margins, profits vary from person to person. For one, even 2% ROI is enough, for another it should be atleast 10%. How individuals relate to markets is surely a matter of one's perception, otherwise people would not be opertaing at different market levels, whether NIFTY is 5000 or 6000, profit makers will make profits, and loosers will sustain losses.

The budget presented today by the FM has provoked sudden reactions in the market indicating how emotional or rational one can be. NIFTY/SENSEX suddenly shot up and, in the same breath, shot down to the levels it was trading when the budget speech began. The market saw one hour of hectic rise and decline (bullish and bearish trend). What happens tomorrow is any body's guess. Not even the stars can foretell... It will be the subject matter of debate only at the close the markets tomorrow..