|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
So what do market experts make of Chidambaram's budget? Sify.com spoke to Sanjeev Zarbade, Vice President, Private Client Group Research, Kotak Securities to find out:
How do you rate Chidambaram's budget?
In the backdrop of global headwinds, high inflationary pressures and urgency to control fiscal deficit, the Finance Minister has done a creditable job.
The Finance Minster had the unenviable job of reinvigorating growth on one hand and controlling expenditure on the other. To reduce the gap between revenues and expenditure, he has increased surcharge on salaried individuals earnings over Rs 10 millon and corporates generating over Rs 100 million in profits.