There was nothing exceptional in this budget. There are many announcements some of which will have a positive impact on our wallets and some that will really take out money out of our wallet, reckons Amar Pandit.
Budget by definition is an accounting exercise. However it is another thing that it’s watched so closely and given so much importance every year. This year was no different and there were high expectations from Mr. Chidambaram to deliver another dream budget. Industrialists and CEOs cheered the budget but the market seemed unhappy and gave a different picture with the Sensex down by more than 250 points. My personal view is that there was nothing exceptional in this budget but it is not something that I would worry excessively about. However, there are many announcements some of which will have a positive impact on our wallets and some that will really take out money out of our wallet.
To start with, let’s take a look at the direct tax law changes » Read more..