Budget 2010 Will Be Progressive Yet Defensive, Feels Ganesha

Budget 2010 is just around the corner and everyone is hoping to get some relief

Budget 2010 is just around the corner and everyone is hoping to get some relief from inflation, in general, during the Union Budget for 2010 to be presented by Finance Minister Pranab Mukherjee in the Lok Sabha on 26th February. The common man has a lot to expect from the government in terms of sops and tax cuts. The industry experts are divided over whether our Finance Minister will fulfill the wishes of citizens or not.

Ganesha predicts Budget 2010 with the help of Vedic Astrology.

Ganesha anticipates that this year’s Budget will boost the floundering economy by focusing on fixing infrastructure, generating rural employment and providing incentives to sick sectors.

Horoscope of Independent India shows that Sun is in and transiting Sun is passing through 10th House of Aquarius and is in conjunct with Venus, Jupiter, and Mercury. Here the 10th House also represents the government’s natal House.

Also, as Sun is in the Satatarka constellation in 3rd pad and Satatarka represents Rahu on the day of Budget, Government of India is likely to take a strong stance on petroleum and gas products, silver, lead and steel. This budget is likely to have some bad news for home-makers as price of LPG shoots further up. The hike is a certainty as constellations are not supporting the product. Moreover, the Finance Minister may have to take some harsh decisions on pesticides. Power sector may experience the heavy shocks in the budget; products where atomic and other high maintenance source of energy are utilised may become more expensive. Electronic items like refrigerator and TV are likely to become a little more expensive too. Foreign liquor and beverages may also get dearer.

India’s Natal Moon is posited in Cancer. Moreover, on the Budget day, transiting Moon will be in conjunction with Natal moon in Cancer sign. This conjunction will take place in Pushya constellation in the 2nd pad. Cotton, wheat, turmeric, cable, machinery, chemicals, colors, fat will receive some valuable favour from the FM.

Natal Mars is posited in the 2nd House of Gemini and transiting Mars is passing through Cancer sign in the 2nd pad of Pushya constellation. Mars is conjunct with natal Moon, Mercury, Saturn, Venus and Sun. This suggests major reforms in the Railway Budget. The changes in prices of products like ghee, honey, computers, radios and jewellery.

Transiting Mercury and Venus will be in conjunction in the 10th House. Finance Minister may present the Budget keeping the Congress’s political agenda in mind. In this situation, Finance Minister may lionize Import-Export, Foreign Trade, National Growth and Rural Advancement. The Supreme Court may be bestowed with more powers. Some relief in Insurance sector is expected. Education will be affordable, but higher education will be pricey.

Jupiter will be transiting through the 10th House in Aquarius sign and 3rd pad of Satatarka constellation. As Jupiter is Lord of 8th and 11th Houses, Medical Policy, Health Department, Govt Loans, Bonds, Govt Securities may not receive expected benefits. Sandalwood, Gold, Diamond Jewellery and Perfumes may become costly.

Venus, Lord of the Ascendant and the 6th House of the natal chart of Independent India, will be transiting from 10th House. Therefore, Textile, Butter Milk, Betel Nuts, Liquid Medicine, Land Developers, Liquor will be in focus. During the budget, the Centre may announce new health-related programme, and upgrading of Army, Air-Force, Civil Services, Medical Services and internal security.

Saturn will transit through Virgo in Utarafalguni constellation. This will inspire our Prime Minister and Finance Minister to take some bold steps to curb inflation and improve GDP. However, despite some progressive steps, they may not get due credit. Saturn will trigger several changes in Grains, Edible Oils, Vegetables, Plastic, Mining Industry and Drug Manufacturing.

The 5th House represents stock market. After budget, there is likely to be a mood of caution at the bourses.

Moreover, Transiting Sun will be in 10th House of Independent India’s chart. Finance Minister is likely to address Tax Accumulation, Revenue Deficit, Fixed Deposit, Foreign Direct Investment Flow, GDP rate. But all this will not give any respite to the people. The central government’s policy to play safe may not work this time.

India has Natal Mahadasha of Sun – Antardasha is Moon – Pratiantardasha Jupiter. Moreover, India is under the influence of Sun’s Mahadasha. Sun is Sukkesh, therefore Tax Collection, Corporate Tax and Agriculture sector may see a tax improvement.

Let’s have a sector-wise look at the budget:

Information Technology (IT)

As Transiting Sun is conjunct with Venus, Jupiter and Mercury, the government may have to give importance to the IT sector. The Sun is in Satatarka constellation, which is represented by Rahu, and will be influencing IT sector. Thus, if IT is ignored this time, the sector may suffer a setback. Therefore, IT should have a special mention in the budget. Research and development in the Information Sector may get further boost.

Very Active, high volatility and fluctuation from 14/04/2010 to 27/05/2010

Automobile

Automobile sector is seeing a strong position of Venus and Mercury. So, this time automobile industry may receive some direct benefits. Ganesha also sees some progressive steps from the Finance Minister. Auto sector will rejoice the budget announcements and the industry has a bright future in India.

Very active, high fluctuation from 22/06/2010 to 13/07/2010

Pharmaceutical

Sun represent the Pharma Sector. Transiting Sun is going to enter 10th House of Independent India’s chart. India has Natal Mahadasha of Sun and Finance Minister will take decisive steps to encourage Pharma Industry, especially in their offshore undertakings, feels Ganesha. But the overall impact of the budget on this sector will be fairly neutral.

Very Active, high volatility and wide fluctuation from 04/03/2010 to 30/03/2010

Retail

The Finance Minister’s briefcase is likely to hold a substantial promise for this sector. Policies determining the quality of material, gradation and consumer protection are likely to be formulated or consolidated.

Very Active, high volatility and wide fluctuation from 30/09/2010 to 01/11/2010

Banking

Mercury is the planet that rules the banking sector. Transiting Mercury passing through the 10th House has become very strong. Moreover, decisive steps are expected to bring together all government and semi-government banks. The idea of Mega Banking Corporation is likely to get a boost. They can borrow funds at lower rates from international Banks and depositories. However, Mercury posited in the Dhanistha constellation is unrewarding and suggests a possibility of confusion in this sector. Also, Gemini sign is affected by Ketu and Virgo sign is affected by Saturn, so lower trading income and week credit growth will hurt the banking sector.

Very Active, high volatility and wide fluctuation from 14/06/2010 TO 24/06/2010

Infrastructure

Mars is transiting over natal Moon, Sun, Saturn, Mercury and Venus in the 3rd House. Mars is the lord of 12th House. Mars is transiting through 2nd pad of Pushya constellation and is retrograde. Thus, National Highways, Railways and Airport Authority of India can get a better security system. But, overall they may not be too happy with the budget. Privatisation and modernisation for Metros and Tier – II cities will stay on course. With transiting Ketu afflicting Natal Mars, expect some decisive steps taken by the FM on the country’s leading ports.

Very Active, high volatility and wide fluctuation from 26/05/2010 TO 21/06/2010

Metal and Steel

Saturn, the Lord of destiny and industries, will be transiting through the 5th House in India’s birth chart. The 5th House represents stock market, investment, production capacity of India. Saturn is passing through 4th pad of Utarafalguni constellation. From astrological point of view, the slow moving Saturn will put pressure on base metal prices.

Very Active, high volatility and wide fluctuation from 02/05/2010 to 19/05/2010

Entertainment

Venus represents the Entertainment sector. The conjunction of Venus with Jupiter, Sun, Mercury and Venus pass through the 2nd pad of Purvabhadra. Growth of Radio Stations is likely to continue. Broadcasting Companies may express some concern. But overall, expect announcement of simpler and favourable Tax policies by the FM.

Very Active, high volatility and wide fluctuation from 09/09/2010 to 08/11/2010

Telecom

Mercury represents the Telecom sector. Mercury, the Lord of the 2nd and 5th House, is posited in the 3rd House of India’s birth chart.
The 3rd House represents telecommunication. So in India telecommunication is always going to be a profiting sector. Transiting mercury passes through 10th House of the 3rd pad of Dhanistha constellation. This indicates a lot of unexpected changes in this sector. However, Custom Duty is likely to remain untouched by the central government.

Very Active, high volatility and wide fluctuation from 25/06/2010 TO 07/10/2010

Fertilizer, Pesticide, Agriculture

Rahu is transiting in 8th House of India’s natal horoscope. So suicidal rates are likely to increase this year. Although not by much, those dealing with seeds, agro-chemicals and drip-irrigation may get some relief. However, as Rahu dominates the entire horoscope of Independent India this year, pesticides may be the major point of debate in the Parliament.

Very Active, high volatility and wide fluctuation from 05/08/2010 TO 25/08/2010

Cement & Real Estate

Mars is transiting over natal Moon, Sun, Saturn, Mercury, and Venus in 3rd House. Mars is the Lord of 12th House. Mars is transiting through the 2nd pad of Pushya Constellation. Since natal Mars is afflicted by transiting Ketu, there can be a major change in overall expenditure. All in all, the growth story of India Inc will continue. The Finance Minster will play safe.

Very Active, high volatility and wide fluctuation from 26/05/2010 to 21/06/2010 and 01/11/2010 to 30/12/2010

Conclusion

Overall, the conjunction of Sun, Mercury, Venus, Jupiter in their transit through the 10th House on the day of the Budget indicates that the finance minister may try and reconsider tax accumulation, revenue deficit, fixed deposit, flow of FDIs, and GDP growth rate. Disinvestment of public sector units is also expected to be on the agenda. He will try to play safe and will make efforts to sustain the existing growth rate. Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee will present a progressive budget for the country but will fail to garner appreciation for the same. Ganesha advises investors to trade cautiously in 2010.

Very Active, high volatility and wide fluctuation. March 9,10, 11, 15, 22, 23,29

Sectors that will remain in news 2010: Pharmaceuticals, Petrochemicals, Plastic, Shipping, Infrastructure and Power

Scrips that will remain in news in 2010: –

01/03 /2010 to 13/04/2010

Indiabulls

India Infoline

Edelweiss Cap

Rel Capital Ven

Motilal Oswal

Future Capital

IL&FS

Geojit BNP

Network 18

Apollo Sindhoor

Consol Finvest

Emkay Global

Transwarranty

NALCO

Hindalco

Madras Aluminium

Century Extr

India Foils

Man Aluminum

14/04 /2010 to 20/05/2010

Ballarpur Ind

Tamil Newsprint

West Coast Pape

JK Paper

AP Paper Mills

Seshasayee Pape

CRISIL

Guj NRE Coke

Vesuvius India

V-Guard Ind

AI Champdany

Champdany Ind

Atlas Cycles

Mangalam Timber

Novopan

Pochiraju Ind

Kitply Ind

Nuchem

Madhav Marbles

Uniply Ind

21/05/2010 to 19/06/2010

Videocon Indust

Mirc Electronic

BPL

Jindal Photo

MVL Industries

Salora Inter

EIH

Indian Hotels

Jaypee Hotels

Taj GVK Hotels

Oriental Hotels

Advani Hotels

EIH Assoc Hotel

Royal Orchid

Viceroy Hotels

Bhagwati Banque

Kamat Hotels

Hotel Rugby

20/06/2010 to 06/07/2010

HCL Info

Redington

Moser Baer

CMC

Bartronics

D-Link (India)

Spice Mobiles

MRO-TEK

TVS Electronics

Zenith Computer

ORG Informatics

United Phos

Tata Chemicals

Pidilite Ind

Guj Gas

Gwalior Chem

Foseco India

Thirumalai Chem

Jayant Agro-Org

Alkyl Amines

Balaji Amines

IFB Agro

Chemfab Alkalie

Sree Rayalaseem

Vinyl Chemicals

SRHHL Industry

07/07/2010 to 11/08/2010

Bata India

Mirza Intl

Liberty Shoes

Crew B.O.S.

Bhartiya Inter

Apollo Hospital

Opto Circuits

Fortis Health

Indraprastha

Lotus Eye Care

12/08/2010 to 26/09/2010

HMT

Escorts

Punj Tractors

Bharti Airtel

Reliance Comm

Idea Cellular

Tata Comm

TataTeleservice

MTNL

Spice Comm

Tulip Telecom

Nu Tek India

GNFC

GSFC

Indo Gulf

Zuari Inds

Deepak Fert

Oswal ChemandFe

Mangalore Chem

Madras Fert

SPIC

27/09/2010 to 03/11/2010

Nahar Spinning

Pioneer Embroi

TT

ABB

Crompton Greave

Indo Asian Fuse

De Nora India

Igarashi Motors

Cairn India

GAIL

Reliance Natura

Aban Offshore

Hind Oil Explor

Shiv Vani Oil

Jindal Drilling

Dolphin Offshor

Selan Explore

Alphageo

Ganesha’s Grace

Dharmeshh Joshi

The GaneshaSpeaks Team