Indian Budget 2009-10 – Budget and the Sensex
By Ritika at 6 July, 2009, 3:52 am
Soon after the Indian Budget for 2009-10 was announced by our Finance Minister, Pranab Mukherjee, the Sensex started its downfall. Nothing surprising as the market has ended in red three times out of five during the UPA term, each time the budget was announced. The market generally rises before the budget in the expectations build up and then falls. The markets have 60% probability of falling on the day of the budget.
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Indian Budget 2009-10 – What do our taxes say?
By Ritika at 6 July, 2009, 2:25 am
When I was in school and much after that, Budgets were supposed to be bad days as the TV would be hijacked by my father to view the Budget coverage. But all that changed six years ago, when I first followed the budget as a MBA student. I remember the entire college was glued to the auditorium where the Budget was being featured live on a news channel. Business and economics was new to me and I was intrigued by the way, this one day impacts the entire year of our nation’s economy and to an extent ourselves.
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Rail Budget 2009-10 – A comparison with Rail Budget 2008-09
By Ritika at 5 July, 2009, 11:53 pm
The Railway Budget 2009-10 presented by India’s Railway Minister, Mamata Banerjee, has a lot to offer for the common man. Right from a no increase in passenger and freight tariff, to new trains, proposals for world class stations, improvements in ticketing system, it looks like a popular budget made to please the masses. Nothing wrong with it except one small glitch, it is all on paper. How much will it take for the paper to turn into something concrete, is a question that somehow gets lost in the Budget euphoria.
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