Budget Reactions: Measures are in line with our expectations, says Karvy

By Varun Goel, Head Equity (PMS), Karvy Private Wealth

March 16, 2012 / 18:57 IST

By Varun Goel, Head Equity (PMS), Karvy Private Wealth

The fiscal deficit number has been penciled at 5.1% for FY13. The provisions for fuel and fertilizer subsidies look inadequate and the fiscal deficit number would be closer to 5.5% in absence of meaningful hikes in auto fuel prices. The government borrowing programme at 4.79 lakh crore is quite high and would result in further hardening of bond yields.

Government

first published: Mar 16, 2012 06:43 pm

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