Speaking to CNBC-TV18, Abhay Laijawala, head of research at Deutsche Equities India says that this is the last time the government can present an economic Budget. “Next year, it will be an election Budget,” he says.
Earlier this week, banks in Europe borrowed 529 billion euros for three years at 1% from the European Central Bank under the LTRO facility. But this time, the liquidity injection in the banking system is unlikely to fire up equity markets, argues Nischal Maheshwari and team of Edelweiss Securities.