<b>Akash Prakash:</b> No news is good news

Markets were braced for bad news hence the rally

When considering the Budget for FY18, the first thought which comes to mind is that while not very ambitious, thankfully the finance minister did nothing negative which could sour sentiment. There was no lurch towards anti-rich policies, or signs of the class warfare present in some of the recent speeches of the prime minister. We have no change in the long-term capital gains tax regime, no wealth tax, global tax, no estate duty etc. For a while it seemed that we were back to the 1970s and that being wealthy was seen as a crime. That rhetoric has thankfully been