Budget 2010: Partial roll-back of stimulus

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I think yes/ This rollback should happen. This move will definitely work for the ecconomy. Inflation has already come down in past few months and it is a matter of one or two months for the inflation to touch the desired level of below 5 %. Another round of interest rate cuts is on the cards to stimulate growth especially in the last and crucial quarter of the current financial year. Rupee has shown signs of recovery. Home loan industry has got a boost with the recent package of lower interest rates along with concessions in margin and service charges etc. Above all, a second stimulus package to accelerate growth in vital industries is also on the cards. The positive growth signs are very visible and the stimulus packages will surely act as catalysts for growth.

By Jyoti Rath, Sr. Associate, Barclays 02 20 2010 08:54:11 +0000

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I personally don't think that these packages will help any boost in economy, our government is exactly doing what us govt did when their major companies bow down and they have to support them. but instead of launching these packages Indian govt need to think deeply that what they are supporting, whatever the govt is doing right now is to support liquidity in the market and they think thats the way to boost economy but my opinion here is where is the demand? and can u increase demand by bailout packages? the inflation we are talking about is that it has come down but in what espect? inflation is still there its just the fact that we took minimal things to decides inflation.

By Esha Johar, Risk Analyst, Irevna 02 20 2010 08:57:43 +0000

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Support "Yes" edit in rich text ... Submit Cancel Saving ... 0 0 YES By manish kumar singh, B.Tech/B.E. student, xit \| 02 23 2010 07:43:46 +0000 Edit \| Delete Support \| Oppose 1 0 Striking a proper balance between fiscal consolidation and fostering economic growth is going to be a tough task. Even with plans for roll back of stimulus, recent reports are saying that government will go for more market exposure in the coming months. The whole thing should be in a phased manner such that it doesn’t affect the growth process. Regarding inflation , yes like Prassan sir commented rather than what the figures say it is just simply what you feel. By all means the common people and their needs should be of prime importance and food inflation continues to be grave issue. I strongly disagree with the measures so far taken for taming inflation, and supply side factors were not given due importance. High degree of slack and miss management is present. By Padmanabhan R, Articled / Audit assistant, Finance student \| 02 21 2010 19:22:44 +0000 Edit \| Delete Support \| Oppose	Support "No" edit in rich text ... Submit Cancel Saving ... 0 0 It's definitely not the time to roll back stimulus. As far as dropping down of the inflation is concerned there seems to be a mismatch between the government figures and the reality with which the AAM AADMI has to deal. Though I'm no expert in economics, still I am quite sure that proper planning and honest implementation of the policies can help reduce, significantly the deficit. By Manoj Kumar, Research Associate/Analyst, American Express \| 02 23 2010 04:55:54 +0000 Edit \| Delete Support \| Oppose 1 0 Inflation figures might have changed in the books, but reality is still scary. Jyoti did you feel the impact yourself of inflation coming down? These packages were good to hold the market sentiment than, now should be rolled back. By Prassan Kumar Sharma, Content Writer and Domain Consultant, FREELANCER \| 02 20 2010 21:21:40 +0000 Edit \| Delete Support \| Oppose
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Budget 2010: Partial roll-back of stimulus

	Budget 2010: Partial roll-back of stimulus Created by : Jyoti Rath, Sr. Associate, Barclays \| 02 20 2010 08:54:11 +0000 Industry : Equity Research/AnalyticsFunctional Area : India(Markets) Keywords : budget 2010 union budget 2010 budget highlights finance minister india budget 2010 budget highlights budget news 2010 indian budget indian finance minister budget 2010 news finance minister pranab mukerjee union budget 2010 pranab mukherjee budget 2010 rail budget railway budget mamata banerjee railway budget 2010 Activity: 616 views; last activity : 07 06 2010 20:18:09 +0000 The Prime Minister's Economic Advisory Council (PMEAC) yesterday, pitched for a partial roll-back of stimulus measures to usher in fiscal correction by scaling up excise duties and service tax and “adjusting” Central expenditure without hurting capital spending on infrastructure. According to him, there is a case for adjustment of duties...adjustments are possible both on the revenue side and the expenditure side in order to bring down fiscal deficit. In pursuing the exit strategy, the Council said that since more of fiscal expansion was owing to an increase in expenditure than from tax cuts, the Centre's expenditure would need to be curtailed. At the same time, while some items of spending such as salaries and interest payments are committed and cannot be reduced, infrastructure spending is critical and the government will have to provide adequate viability funding. Thus, there is no scope for compressing capital expenditure while undertaking fiscal correction. So users, do you think this rollback should happen?