Pranab Mukherjee hinted that indirect taxes won't be increased, considering the soaring food inflation and the high prices of commodities.
At the same time, Mukherjee may not cut direct tax rates, because of revenue implications constraints.
The new year invariably results in a burst of predictions. It’s almost as if a change in calendar year generates vital juices in all of us that trigger a bout of prediction-making. Why this happens is not for us to understand or question, but simply accept.
And among the various types of predictions, those pertaining to the markets tend to hog a fair amount of media attention [for instance, I predicted that skirts would get longer, but nobody paid any attention].
Nakul Shenoy, the mind reader. No relation. Must ask him about stocks :) (author unknown)