Budget 2023Budget 2023


  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
you are here: HomeNewsOpinion

Budget 2023: Why the budget should become a non-event

In the US, the most successful capitalist nation on earth, there is no special budget day speech, no attempt to make a spectacle out of it

January 25, 2023 / 12:20 PM IST
Budget 2023: Why the budget should become a non-event

It’s time to break tradition with this practice we inherited from our imperial rulers and start building towards the India we now want to be--- a thriving developed economy

Let me paint you a picture. It is 11.36am on February 1st, 2023. The honourable finance minister in her budget speech remarks on increasing allocation to solar powered pumps. Two seconds later, as market participants hear this, the stock price of Solar Industries soars by 7%. Solar Industries, India’s largest explosive manufacturer whose largest client is Coal India. Solar Industries has no connection to solar power barring the word Solar in its name. This is not fiction--it has happened...

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers