Union finance minister Arun Jaitley tabled the Budget 2018 on Thursday, and just after it, the benchmark BSE Sensex shedded as close to 1400 points in a time span of two days. Investors wealth eroded by over Rs 4.6 lakh crore amid massive selling in the stock market where the BSE benchmark index plummeted 840 points. LTCG worriesThe reintroduction of long term capital gains (LTCG) in Budget 2018-19 were also sending jitters among the investors. The finance minister, in the Budget, projected a higher fiscal deficit of 3.5% of GDP for 2017-18, as against the target of 3.2%. The government has raised spending by 10% (to Rs 24.42 lakh crore) in this Budget, and postponed the deficit target.

Source: dna February 05, 2018 08:09 UTC