A day after the Budget presentation, Union Finance Secretary HASMUKH ADHIA tells Business Standard there were valid reasons for a pause in fiscal consolidation and the deviation is within an acceptable range. Edited excerpts:
Long-term capital gains tax has not gone down well with the markets. The Sensex tanked 500 points earlier in the day.
In the past so many days, on how many days hasn't the market fallen by this level? It is not such a deep fall.
Any possibility of a roll-back?
Why should we do so? There is no question.
Will there be a dilution of this