BiziNation # 25: Another Fiscal Adrenalin Shot

The interim budget was as bland as Russian food. But Pranab Mukharjee spiced it up just in time for the elections. With the benevolent excise duty, service tax and a few other rate cuts, the consumer will have to spend less on mobile phone bills, buying an LCD TV, etc. In the corporate sector, after the Satyam debacle, SEBI has asked for full disclosure from the promoters of companies who pledge their shares to raise more money. In cricket, the multi million IPL season will kick off very soon. On other side of the world, in England, Sir Allen Stanford, the man who sponsored the million dollar T20 tournament in West Indies has been booked for fraud.