ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Stock Exchange Budget Disappoints

THE eagerly awaited Central Bud^ get is now out of the way but the outlook for equities has not become any the less uncertain because of this. The budget has failed to cheer stock markets because it is neither production-oriented nor investment, oriented nor even anti~inflationai?y. There is, in fact, general disap-pointment that Morarji Desai has not proposed any measures aimed specifically at reviving the capital market. It is not that the Budget contains no welcome features. But nobody expects that the concessions

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top