India Investment, Stocks, Credit Card and Retail Forum
Investments in Indian Equity and Research => Equity Investments, Fundamental Research and Sectors Review => Topic started by: resh on February 28, 2013, 04:20:21 PM
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The FM's Budget was disappointing in the sense that some serious concerns were unaddressed
1)Firsly,going by the concerns he earlier expressed earlier on the state of the equity markets nothing was announced to encourage retail investors to participate in Indian markets .The RGESS which could have been tweaked to be more effective was not done .
2)Deposits in banks have been showing a falling trend and major power restructuring plans are ahead like re-structuring of SEB short -term loans where banks will play a vital role. No announcement to encourage retail savings in banks was done.
3) Farm loans at 4% has been extended to private banks which is negative.
4)Food subsidy has been growing at an alarming pace since 2006-7 when it was 24000 cr and for FY 14 it will be around 100000 cr .Govt finances could further get aggravated and all reforms on the oil & gas front will come to nought as it will be offset by this fast rising burden