Budget Highlights: Investors to attract funds in capital mkt, says Sunil Goyal

By Sunil Goyal, MD, Ladderup Corporate Advisory

The Union Budget 2012 is a balanced budget in difficult times.  The proposal to allow QFIIs to access Indian Corporate bond market and tax incentive for subscription to capital issues by retail investors will attract funds in capital market from a larger number of the investors. Inflation is something that would still bother the common man as supply side constraints still need to be addressed and money supply set to increase in the hands of the consumer by increased spending of Government coupled with income tax benefits.