Short term capital gains Tax will go. STT will rise also introduced in Commodites. After a reformist and fiscally prudent budget in Feb end normal Monsoon during June / Sept is a must have. 2013 /14 growth would be consumption lead not investment lead. Politics will be focus for markets from late 2013 ,” Also pressure to return to profligacy from second quarter of 2013. While inflation will go down in first half of 2013 it may come back in second half. A distinct possibility of rate cut in first half followed by continued expectations of rate cut which may not materialize. Stock market will heat a peak in 2013 around Budget followed by turbulence between March and July 2013. Fiscal deficit in the current financial year within the revised target of 5.3% of GDP. “This would be done mostly through reducing expenditure and austerity measures. Over the longer term fiscal deficit would be cut by 0.6% every year to bring it to 3% of GDP by FY17 thr...