The pro active Modi Govt
The pro active Modi Govt
No one expected such a big stimulus that markets were stunned. Giving up taxes to the tune of 1.45 lakh crores in a period where the tax collections were sluggish and the central Govt has many commitments to fulfil.
It was a shock but shows the alertness and readiness to take bold steps. This step has inspired the confidence of India watchers that this Govt will do all that is needed. It may be a little late but concerned people are burning midnight oil in search of steps to push investment and growth up. This also shows that the Govt is not shy of taking steps in favour of large companies which form the backbone of economy.
It also hints to a possible large scale strategic sale of Govt companies for which the share market has to be in fit shape.
So many messages delivered with one giant step.
Market has also given its Thumbs Up. The environment of doom and gloom has turned into hope and bloom.
Happy days are here again.
No one expected such a big stimulus that markets were stunned. Giving up taxes to the tune of 1.45 lakh crores in a period where the tax collections were sluggish and the central Govt has many commitments to fulfil.
It was a shock but shows the alertness and readiness to take bold steps. This step has inspired the confidence of India watchers that this Govt will do all that is needed. It may be a little late but concerned people are burning midnight oil in search of steps to push investment and growth up. This also shows that the Govt is not shy of taking steps in favour of large companies which form the backbone of economy.
It also hints to a possible large scale strategic sale of Govt companies for which the share market has to be in fit shape.
So many messages delivered with one giant step.
Market has also given its Thumbs Up. The environment of doom and gloom has turned into hope and bloom.
Happy days are here again.
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