budget

A reader responds to our article about India's budget.

India’s finance minister told FinanceAsia he would pursue a responsible budget. He hasn’t.

Shares in China Lodging Group gain 13.6% after the company prices its $110 million offering at the top of the range.

China-based Hanting Inns and Hotels is aiming to raise up to $110 million ahead of a Nasdaq listing, while facade specialist Far East Global is seeking up to $79 million from a Hong Kong IPO.

Specialists are sanguine about India's budget announcement yesterday, but investors hammer stocks, causing the Sensex to lose 6% intra-day.

PricewaterhouseCoopers expects the government to offer one-off tax cuts and grants, but few general tax reductions, as it struggles with an estimated $13.5 billion surplus.

India announces its fiscal 2007-08 budget as stock markets in the country continue the nosedive they began on February 27, ending down 6% in two trading days.

Prime Minister Abdullah Ahmad Badawi proposes a budget that emphasises spending -- a move that surely will help him rebuilt political goodwill amidst attacks from his predecessor Mahathir Mohammed.

IndiaÆs stock markets scale new high of 10,370 on increased liquidity post 2006-07 Budget announcements.