I guess this is quite ephemeral; the market will bounce back till this weekend.
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Market seems to be disappointed with the budget,……………………….
· Hike in IT exemption for women to Rs 1,90,000
· Hike in IT exemption to Rs 2,40,000 for senior citizens
Total budget expenditure for 2009-10 will Rs 10,28,032 crore, crossing Rs 10 lakh crore mark for the first time since Independence.
TAX PROPOSALS! New direct tax code to be released in 45 days.
Crop loan at 6 pc interest for farmers The government today announced loans at a subsidised interest rate of six per cent for farmers who pay their dues in time, which is one per cent less than what others would get.
Budget expenditure crosses 10 lakh crore for the first time says :FM
Highlights so far…
· Mentions that “First challenge is to lead the economy back to the 7% GDP growth”
· Alludes to private investment being the main growth driver
· IIFCL to refinance 60% of bank loans for PPP projects (Public-Private-Partnership)
India budget 2009-2010
http://indiabudget.nic.in/ub2009-10(I)/bh/bh1.pdf
live http://budgetlive.nic.in/
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