Market Factors

LPG subsidy for those in the 30% income tax slab to be removed.

Source
CNBC tv-18 flash....

comment:
[8:03AM, 2/3/2015] ‪‬: 30% tax slab guys dont even spend 10% on food, so merely a 350 rs hike wouldnt affect their spending even by 1%
[8:04AM, 2/3/2015] ‪‬: Although on an avg indian spends more than 60% of income on food
[8:05AM, 2/3/2015] ‪‬: Great Move to bill 350 bucks to the rich. That ll improve our fiscal deficit and eventually benefit those rich in future

Update by
Sagar Advani
CFA