<b>Shyamal Majumdar: </b>No damage done

Arun Jaitley has presented a Budget that will be taken as a big relief by almost all stakeholders

Finance Minister Arun Jaitley seems to be a firm believer in the dictum that no bad news is good news.  Mr Jaitley has done his reputation no harm by presenting a Budget that will be taken as a big relief by almost all stakeholders.

The best part of the Budget is that the government has stuck to the path of fiscal prudence and has resisted the temptation of going in for fiscal activism in the backdrop of a very uncertain external economic environment. It was a big relief that Mr Jaitley agrees with the good old wisdom that good