Tuesday, March 01, 2005

P Chidambaram had good news for investors in his union budget yesterday. The sensex reached alltime highs and I could hear people talking that its a nice balanced budget except for the withdrawal tax. Cigarette and tobacco products would be costlier, tea and cement would be cheap with petrol/diesel likely to go up after April. Obviously, you expect a nice budget when you have two financial geniuses as PM & FM. Rediff's budget coverage here.
The greatest news to me is the reduction in the income tax.

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