Tax exemptions for processed food, made from fruit and vegetables, will be a major incentive to the food processing industry. There are no new incentives for energy saving or similar efficiency initiatives, which is a shame, but not fundamental. The power sector have not yet reacted as positively as it should. If the finance minister succeeds in carrying through the reform of the bankrupt SEBs and the end of theft, then the whole sector will enjoy a resurgence. The objective of TDS is to ensure that all citizens pay their fair share of tax.
Nobody likes it.
But people who do pay tax don't like others getting away with not paying it. TDS tightens the net. The Sensex cannot touch the 5000 mark until the future outlook for the world economy is clearer. Valuing IT stocks is difficult because you have to guess where they will be in three or four years. If you feel optimistic about a soft landing in the US, the IT stocks are cheap.