1.Dream BudgetFeb 03 2013Deepak Singhwww.stateofthemarket.net

2. What is Dream Budget The Presentation is based on top 400 non indextraded stocks on NSEA Budget which market wants to hear and is perceived tobe good for economy and markets www.stateofthemarket.net 3. Theme:FiscalConsolidation &Stable TaxStructure 4. Roadmap to Lower Fiscal DeficitFRBM target5.3 % 3.0 %FY13 FY17 To signal that Govt is on the road FY14 target would be 4.8%www.stateofthemarket.net 5. Budget should lay down How? RevenueSpendingPolicies that may encourage more Growth Limit the Subsidies to % of GDP like1.5% of GDP Economic Reforms FDI / LiberalizationConsolidation of Schemes into few Investmentflagship programs like MNREGA and FoodSecurity BillIntroduction of GSTReduce Leakage by Direct Cash TransferDisinvestment mechanismIf Govt gives the market an assurance that spending wouldbe controlledit does not matter where they want to spendwww.stateofthemarket.net 6. What Budget should not do?Assurance of StableNo new weird taxes Tax environmentNo smart off the bookMarket has reasonabletricks to achieve budget expectations and numberstargets counts..market is not looking for good intent but real action towards good intent www.stateofthemarket.net 7. Is DreamBudgetachievable?Yes becausethats what FMhas been sayingsince last fewmonths 8. Thank You Disclaimer - The state of the market presentation is Deepaksperspective on the market. The presentation is purely for educationalpurpose. Nothing contained herein is a solicitation to trade or arecommendation of a specific trade. By reading this presentation youagree to make no trade relying in whole or in part on the commentsof the writers If you have any question about the presentation: send me an emailat 2deepaksingh@gmail.comwww.stateofthemarket.net