Btwc crude up from 55 to 70 since last budget BUT fuel subsidy remains same at 25k cr.....does this mean govt saying upstream (ONGC, Oil India) will have to bear burden in FY19??
With no concessions in personal tax rates and LTCG tax introduced, but still market recovered.....after 2-3 days this budget will be a non event and the life will go on in the market....I dont see any big downside.
Disappointing budget for traders and investors.