Budget 2013: Fiscal discipline this year far more credible, says Reliance Capital

  • 4:20
  • Published On: February 28, 2013
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Madhusudan Kela, chief investment strategist at Reliance Capital, speaks to NDTV Profit about the Union Budget from the market’s perspective. He says that the Finance Minister has delivered a lot in the past 6 months and the fiscal discipline show is far more credible than last year, adding that the Union Budget could have been a lot worse. He explains that market reaction was also on account of derivatives expiry, not just the budget.

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