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K.V. Kamath, ICICI Bank Chairman
It is a 'pragmatic budget'. The decision to cut out the surcharge on personal income tax is a welcome step. I think it puts a lot of money into the hands of the lay spender, which is certainly good for the economy.
I think this is a Budget, which will take two-three days for the larger market, not just the capital market, to understand and then probably react to.
Also see: Budget 2009
