I dnt think so thr budget will be to do that..they very well knw the scenario if they gv anymre subsidies INDIA is screwed..nd if they were so worried bout thr votes nd d poor ppl petrol nd diesel price deregularisation wudnt hv taken place..tmrw the budget wil b gud..nifty wil be very volatile bt wil clse abv 5900..
These are some points which will be having great negative impact on Economy, Market and Banking Sectors,
1) Government is likely to increase the nontaxable income upto 3.5 lakh for women and around the same for men.
2) Govenment is planning to wave off all agriculture loans again as it did in past. This will cost almost 50000 crs. Which will worsen the fiscal deficit.
3) Non Banking Financial Companies will be permitted to open their Banks, which will be too negative for Public Sector banks, as they will be facing great chanllenges with skills and technology to compete with these players.
4) Government will try to manage the fiscal deficit by elevating various taxes on industries, which will reverse the FIIs interest in indian market.