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.
The Federal Reserve overtook household investors as the second-largest holder of Treasuries in the first quarter, after foreigners, as the US central bank purchased bonds as part of its second round of quantitative easing, Fed data released on Thursday showed.