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Budget reactions | Budget delivers better than market expectations

Budget reactions | Budget delivers better than market expectations
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First Published: Fri, Feb 26 2010. 07 50 PM IST
Updated: Fri, Feb 26 2010. 07 50 PM IST
New Delhi: Mint spoke to Jay Shankar, chief economist from Religare Capital Markets, to get his first reactions to the Budget 2010-11 and also some of the important announcements made.
Shankar feels that the Budget announced for the fiscal year 2010-11 is a very positive and growth oriented budget, delivering better than what the market was expecting.
“With one broad policy objective of promoting growth, the finance minister has targeted almost all the policy objectives like controlling fiscal deficit, controlling government borrowing and even kick starting the credit off-take and investment cycle,” he said.
Other positive aspects of the Budget 2010-11 include the idea of giving banking licenses to NBFCs and capital infusion in PSU banks.
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First Published: Fri, Feb 26 2010. 07 50 PM IST