Monday's SC verdict to direct Indian markets
Shital Jibhe / 23 Jan 2017
The Indian markets will embrace the Bombay Stock Exchange (BSE) initial public offering (IPO) which opens for subscription on January 23. The markets would be directed by the Supreme Court hearing on a plea seeking postponement of Union Budget presentation ahead of the upcoming Assembly polls in five states.
The Indian markets will embrace the Bombay Stock Exchange (BSE) initial public offering (IPO) which opens for subscription on January 23. The markets would be directed by the Supreme Court hearing on a plea seeking postponement of Union Budget presentation ahead of the upcoming Assembly polls in five states.
However, a petition in public interest was filed seeking the apex court interference as the elections are round the corner and early budget may influence voters, which is against the model of conduct of election commission.
On the other hand, the Finance Ministry has already started printing the budget documents. The Centre has already decided to convene the Budget Session of Parliament from January 31 to present the Budget for 2017-18 fiscal on February 1.
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