Increase in tax exemption limit by Rs 50000 is positive for the FMCG sector, as it will leave more discretionary income in the hands of consumers.
Sensex closed the day 416 points higher.
'There is no change in the overall story of economic recovery.'
'The foundation of the 2014 triumph was Narendra Modi's appeal to voters in the Hindi belt. The Bihar Vidhan Sabha polls will demonstrate if he continues to appeal to them,' says T V R Shenoy.
NDA government has shunned populism.
Increase in taxes on luxury cars will not have any effect on the demand
Education sector has reasosn to cheer Budget.
A combative Congress President Sonia Gandhi on Wednesday mounted a blistering attack on Prime Minister Narendra Modi, accusing him of running a government "of some people, by one person for a select few" and said he has not much to showcase even as the government completes one year.
'What we are going to see is a large number of white collar jobs getting lost.' 'Job loss can drive people to depression, drugs, alcoholism and even suicide as there is no one to turn to when they are down.' 'There is no in-between now -- things go from a luxurious lifestyle to no lifestyle.'
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