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| Name : | A K Sharma |
| Subject: | Post Budget Analysis |
| Query : | Markets have not reacted positively to the budget. Stocks have fallen,all the big timers which were leading the rally have tumbled. Can the tax on mutual funds and export earnings make so much of difference. I feel that tax on export earning was long overdue and the impact is not going to be much with rates being hiked over a period of 5 years. May be this is a good entry level, before FII come back with big money to take advantage of higher limits of 40%. Any comments? |