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Not a 'big bang' Budget but overall tone positive: HSBC

Jul 11, 2014    

New Delhi There was no 'big bang' in the Budget but the overall positive tone should keep the country's feel-good factor going, global financial services major HSBC said in a report.The government has stuck to its ambitious fiscal deficit targets and has given the right messages on manufacturing which should keep sentiment in the equity market buoyant, it said.Presenting his maiden Budget, Finance Minister Arun Jaitley said the prevailing economic situation presents a great challenge and there was a need to introduce fiscal prudence that will lead to fiscal consolidation and discipline.The gov...

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