Download ~ Indian Budget--2008-09. " by Asia-Pacific Business Review ~ eBook PDF Kindle ePub Free

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eBook details

• Title: Indian Budget--2008-09.
• Author : Asia-Pacific Business Review
• Release Date : January 01, 2008
• Genre: Business & Personal Finance,Books,
• Pages : * pages
• Size : 228 KB

Description

This is the last year before elections. Undoubtedly, Finance Minister is under severe pressure from his colleagues to present a budget so that they can go to their constituents with something positive to say to the voters. Past experience have shown that populist budget has not helped the ruling parties The case in point is the budget passed by Jaswant Singh before the elections which was highly populist but still NDA lost the elections. Although successive Finance Ministers know this fact very well but pressure from the party members is hard to ignore. Capital Market seems to have taken these populist measures into account even before the budget is presented and as a result stock index increases a week before budget and then crash. When P Chidambaram took over as Finance Minister, he promised to make Budget a non issue. In USA, budget is so much on predictable lines that it losses its relevance. That is why budget in USA is presented once in two year and each President gets two budgets to present. P Chidambaram has promised to move in the similar direction despite formidable opposition.

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