|I understand that the choices before Finance Minister Pranab Mukherjee are so limited that if he tries to offer immediate gratification to investors by announcing deep and bold tax cuts, he might end up putting India's longer-term prospects at risk.
So will the market response to the budget, considered the litmus test of how a finance minister has measured up against expectations, be misleading this year?
Come March 16, investor expectations are already building up on several key points such as GST, DTC and even FDI in multi-brand retail to 51% at least.
Right now, an investor can claim exemption of capital gains arising from the transfer of long-term capital assets by investing in certain long-term specified assets within a period of six months after the date of transfer. Consider reducing short-term capital gains.
When foreign investors look at India, one of the primary things they look at is fiscal discipline. If the governments intention on reforms and fiscal