India’s budget disappoints investors

ONLY A CRICKET match with Pakistan could have drawn as much attention. At 11am on February 1st every financier, investor and trader stopped what they were doing in order to watch Nirmala Sitharaman, the finance minister, unveil the budget. The stockmarket opened for a special Saturday trading session. Employees in banks’ trading and asset-management divisions, usually closed for the weekend, went into work.

In the event, the budget disappointed. By the time Ms Sitharaman sat down after speaking for a record two hours and 40 minutes, too exhausted to finish her prepared remarks, markets had plunged by 3%. “A bloodbath”, was the blunt verdict of theMs Sitharaman announced a number of measures, many of which appeared intended to simplify the tax system. Income-taxpayers can choose to shift from a complex system of higher rates and deductions to a lower rate without deductions.

Such measures are unlikely to revive the economy much. Moreover, many are unimpressive on closer examination. The infrastructure plans will rely on uncertain public-private partnerships. Past attempts at divestment have fallen flat. Some of the tax measures add complexity rather than simplify. The airwaves were dominated by chartered accountants pondering the many possible consequences of the income-tax reforms .

How dare it disappoint your followers. Speak to it. Fix it.

The virus kill india to fast and furioso

And still double the US, thanks Donny.

While us here in the US are content with our measly 1.9% GDP growth.

Civil unrest affects the prospects of FDI and economy

Eh. Racism, violent oppression doesn't pay.

The economist...

Economy depend on Buying power. Every kid knows about their area better than anybody. Area citizens love our kids always. Instead of using our kids to develop every area, We elect outsiders to punish our kids.Depend on our Kids to allow Home Services by paying minimum salary.

The stock market has been sagging in the weeks. Not only the trade deal between China and the US but also the coronavirus cause the weak stock market of the world

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