Moneycontrol
Mar 04, 2011 04:51 PM IST | Source: CNBC-TV18

Budget created perverse relief: Anand Tandon

There is a growing fear that the rising oil price may have far dampening effect on Indian market. In an interview to CNBC-TV18, Anand Tandon, CEO, JRG Securities is worried that the oil shock may again deflate the economies fairly significantly.



There is a growing fear that rising oil price may have far dampening effect on Indian market. In an interview to CNBC-TV18, Anand Tandon, CEO, JRG Securities warned that the oil shock may again deflate the economies fairly significantly.

Arguing further, Tandon said that the budget has created a perverse relief as expected sectors which were supposed to take a hit in terms of taxes have been spared.

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