Bank stocks feel the heat
In his budget speech the finance minister indicated that there would be a fallout on the banking sector. Unfortunately the fallout was not designed to please investors in bank stocks. Even so the manner in which bank stocks have reacted to the various measures targeted at the banking sector is excessive.

The petrol fiasco
Vehement opposition in parliament to the petrol and urea price hikes has resulted in Yashwant Sinha's toning them down. But while the opposition parties congratulate themselves on their victory, it may well turn out to be a pyrrhic one for the country.

An innovative tax policy for automobiles
The flap over petrol prices seen barely 24 hours after the announcement of the budget suggests that the government does not have a sensible, integrated policy for the automobile sector.

  The Index
  A knee-jerk reaction