Effort made to rev up debt, F&O marts: Milind Barve

UNION BUDGET 2005-06: COMMENTS

The implementation of VAT is a great challenge and its implementation in all states will be critical. The effort to instill some vibrancy to the debt and derivative markets is a welcome step.

The introduction of gold traded exchange funds is a positive step in introducing new investment products for the retail investors.

The government has reiterated its promise to adhere to the FRBM goals by 2008-09, however the act of "hitting a pause button" points to the difficulty in adhering to the same.

Overall, the Budget has maintained continuity of policy in key areas, has tried to simplify tax laws and attempts to provide an enabling environment for achieving a higher growth rate.