Much as it was expected, the hour-long Budget special chat with
DD Sharma, vice-president, Anand Rathi Securities, revolved mostly around rising prices and taxation. A veteran market analyst that he is, Sharma handled the questions deftly while giving some valuable insights into the Budget.
Here is the transcript:
D.D.SHARMA says, Budget now a days is not a big event as the FM usually moves as per declared policy. But some time surprises comes which are absurd.
vinod asked, budget this time is not working perfectly all politians are telling what is your opinium
D.D.SHARMA answers, at 2007-03-01 16:01:38Budget this is not having many things on expected lines so every one is disappointed.
pradeep asked, Hello The budget measures are inflationary One example is the way the cement and steel companies have reacted by increasing the prices.Do you see strained relations between industry and govt
D.D.SHARMA answers, Ya, as for as Cement is concerned the FM failed to anticipate that differential excise will lead to increase in cement prices.
pradeep asked, Hello The budget measures are inflationary One example is the way the cement and steel companies have reacted by increasing the prices.Do you see strained relations between industry and govt
D.D.SHARMA answers, may not be strained relations, but they have to work out solution together, rather then FM imposing conditions
mahesh asked, is small car prices go up
D.D.SHARMA answers, no, they will not
nik asked, hi is there any change in prices of tvs and other electronics..? Pls advice.. Thanks..
D.D.SHARMA answers, not,
nik asked, hi is there any change in prices of tvs and other electronics..? Pls advice.. Thanks..
D.D.SHARMA answers, no
pramod asked, hello sir good evening. i m m.com. part 1 student as well c a pe 2 pursuing . i want to know how the bodget is able to breake the price hike??
D.D.SHARMA answers, not necessarily, because many items causing inflation are out of budget purview
haneefa asked, is t worth to buy india cement at this level
D.D.SHARMA answers, yes, if you are long term investor
seem asked, how about IT sector? Is it worth investing in them for a year
D.D.SHARMA answers, yes, sure, the price correction due to MAT imposition is over. But you should be selective
Ranjan asked, I have a feeling that FM would have made changes to budget immediately after the results of Punjab and Uttarakhand were declared. Some of the harsh measures would have been removed overnight. Do you feel the same?
D.D.SHARMA answers, may be.
sharma asked, Has budget done any change to PPF and postal instruments returns
D.D.SHARMA answers, No
soumen asked, what do you think Mr. sharma what will the effect of MAt on IT sector
D.D.SHARMA answers, MAT impact in real terms is - it preponed the expected tax liability in 2009, to now.
Guru asked, Does dividend tax and esop tax affect the market sentiment.
D.D.SHARMA answers, yes, I think they are surprise elements in budget and affected the sentiments.
pramod asked, wat r the reason that sensex falls down on second day of budget?
D.D.SHARMA answers, Sensex was already in weak mode and budget failed to lift the sentiments.
Sumit asked, Mr sharma can u tell me why did the markets react so negatively to the budget yday
D.D.SHARMA answers, Due to surprise elements of - Excise hike on Cement, MAT on IT sector and FBT on ESOPs etc
bks asked, whether this budget will be able to reduce the pressures on intt rates
D.D.SHARMA answers, I think no.
Sumit asked, sir can u tell me is it the time to invest or exit from markets?
D.D.SHARMA answers, one can selectively invest for long term.
singhranjan asked, Hi Sir..i would like to know impact of MAT on profitabilities of indian IT biggies like TCS,WIPRO,INFOSYS,SATYAM..
D.D.SHARMA answers, Most of them will not be affected significantly
seem asked, can u suggest a few IT sector shares which can be safely invested for long term
D.D.SHARMA answers, NIIT & APTECH
china asked, do you agree PC's statement that govt would be happy to see fighting inflation at 3%????????? China is revaluating their currency, due to a hell lot of pressure on them. however, many of the segments and sector, after this budget are open to imports from them, what is your take on overall scenerio ?
D.D.SHARMA answers, No, Ithink govt is not worried if inflation is below 5%
hari asked, Sir is section 80 IB removed and in case it is removed have the same benefit being covered under sectiob 80 IA
D.D.SHARMA answers, 80 I B not got extension, so it will be over as scheduled. 80 I A benefits are for different activities.
Sumit asked, sir do u think this relief rally can last long bcos i feel post chinese meltdown the effect never lasts in a single day n will play the impact in long term too
D.D.SHARMA answers, I think, till nifty is below 3950, its a pull back only.
nitin asked, EDUCATION CESS 3% IS APPLICABLE WITH IMMEDIATE EFFECT OR AFTER BILL IS PASSED
D.D.SHARMA answers, It will be after bill is passed
sujit asked, Agriculture has come down to 18% from 25% of total GDP in last decade as 60% depends on agriculture in India. Is india concentarting on Less AGRICULTURE. aS 40 % of indian fresh produce is going waste. no one paying
any heed to it. 40% is nearly 20 Billion dollars. Is govt taking any steps in this budget to arrest this problem.