Thursday 18 April 2013

Too Little, Too Late

Some fairly good results from corporates like IndusInd Bank,  MRF Tyres,
TCS,  HCL Tech,  Yes Bank, etc. coupled with the continuing downfall in
prices of crude oil may have caused Nifty to rally further in today's session.

The govt. at the centre has come out today with its Annual Supplement to
the Foreign Trade Policy.    Amongst other measures,  the govt. has widened
the Interest Subvention Scheme to cover 134 more subsectors of engineering
sector.    It further extended the scheme upto 31st Mar., 2013.
These measures may be termed as,  ' too little, too late'.

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