Friday, February 29, 2008

India Market: Eject, Eject, Eject!

For fans of India's Nifty and Sensitive Indexes

From MarketWatch:

India unveils populist budget, stocks hit by tax
Capital gains tax lifted to 15%; mutual funds brought under service tax net

Indian Finance Minister Palaniappan Chidambaram Friday unveiled a populist budget with an eye on general elections due next year, increasing expenditure targets on rural development and education, canceling loans made to farmers and offering tax relief to low-income groups....