Post Budget Reaction : Secondly, limiting the increase on small savings like FD for women Mr Marzban Irani, LIC Mutual Fund
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Below are Views On Post Budget Reaction By Mr Marzban Irani, CIO - Debt , LIC Mutual Fund
"In Spite of spending on Capex, the government has managed to keep the market borrowings lower and parallel adherence to FRBM act by keeping fiscal deficit at 5.9 percent compared to 6.4 percent earlier. Secondly, limiting the increase on small savings like FD for women, senior citizens and MIP of the post office is a good step. Lastly focus is increased on health and education by starting nursing centre's and skilling people for job creation is a positive step. These are initial thoughts and we need to look at fine print. Overall positive for fixed income."
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