Budget 2008-2009-Excellent Job- Just the right stimulus!!

Dear All,

Government of India recently provided for USD 13.33 Billion loan waver to marginal/small time Indian farmers in its latest 2008-2009 budget. What a bold move to be taken up by any government. I truly appreciate what GOI has done in this budget- a complete plethora of killer goodies for under performing ass clowns. Whatsoever the case may be, personally I think this budget is well settled and has mass appeal, good enough to be called as a 'politically correct' budget. If you go in for critical evaluation of this budget, there are allot many things that could be looked upon. Sectors like healthcare, infrastructure, automobile, power have really been taken up well into consideration with many sops, policy changes and taxation rebates coming their way. However, major GDP contributors like IT, Telecom and Textile sectors have not seen the 'dew fading' with limited breakthrough coming their way. I say this because we very well know that International market is really making things difficult for Indian exporters. :-). Adding more buoyancy to Indian growth story and the budget lines, with changes in individual income tax slabs, enough room has been left for Indian consumer durables and FMCG sectors to re-establish a shining shadow of their own selves in this financial year as higher IT slabs shall bring enough money for consumers to spend on consumer products, gizmos and stuff. The agriculture sector is also not far behind with major duty cuts coming its way so as to achieve an annualized growth target of 4%. These policy changes are also going to go good with agri-companies dealing in micro irrigation projects (Jain Irrigation). seeding and crop development businesses (Monsanto) companies and cold chain infrastructure development companies. On the whole, a great budget. exactly for masses. In fact, if I was there on the FM's seat, I would have walked the same road with elections hanging round the corner. I think even the Indian stock market players should retain a polarized approach on this kind of budget as they have come across an increase in short term capital gain taxes. The FM has done the right thing as it brings greater depth for genuine long term investors and curbs speculation. Guys, hats off to Shri Palaniappan Chidambaram (Indian Finance Minister)...an excellent job.