"There is not much signal in the Economic Survey but one key takeaways is that the government is likely to stick to the path of fiscal prudence. The direction of the Budget is something we need to look at,” Siddhartha Khemka, Head of Equity Research (Wealth) at Centrum Broking, told ETMarkets.com. Securities transaction tax (STT) has been a major factor in killing the depth of capital markets as it repels high-frequency traders. The economic survey was cautious on relaxing the fiscal consolidation path. The Economic Survey asked the Centre and states to maintain fiscal prudence but fell short of making an explicit recommendation about FY18 deficit target.

Source: Economic Times February 01, 2017 02:44 UTC