Moneycontrol
Mar 16, 2012 04:21 PM IST | Source: Moneycontrol.com

Live Budget 2012: Pranab Da has chosen to play it safe

This is not the big bang the market was hoping for. It's a whimper. As Pranab Mukherjee concludes his speech, it's clear that there have been no serious efforts to fix anything.


By R Jagannathan
Editor-in-Chief, Moneycontrol


LAST WORD: Sorry, folks. This is not the big bang the market was hoping for. It's a whimper. As Pranab Mukherjee concludes his speech, it's clear that there have been no serious efforts to fix anything. Fuel and fertiliser subsidies have not been cut. Fiscal consolidation is a mixed bad. Higher taxes will raise inflation by a bit. This budget won't achieve much. Your tax reliefs are piddly. Forget the pizza. Order more booze to drown your sorrows.

12.45: Gold buffs

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