MD/ Kotak Mahindra Capital
"Most proposals are aimed at micro
managing the economy. Among the negatives are FBT on ESOP and
higher dividend tax. The focus to make growth in agriculture inclusive
MD/ Ashok Leyland/ President/ CII
"We welcome the focus on agriculture.
We are disappointed that the Budget does not infuse 'booster dose'
"Allowing MFs to set up infrastructure
funds and unlocking forex reserves to service the infrastructure
space are right steps."
Secretary General/ FICCI
"The fm is doing the right thing by
cutting down on the fiscal deficit and I feel that it is the correct
way to control the price rise."
Chairman & Managing Director/Wockhardt
"The fm has lost a great opportunity
to help the corporate world. When there has been such buoyancy
in revenue collection, the private sector should have been given
CEO & MD/Ranbaxy Labs
"The Budget has been positive, and it also
shows that FM has various constituencies to address."
Managing Director/Maruti Udyog
"It is by and large a non-event Budget,
especially for the auto sector. It is for the first time climate
change has been mentioned in the Union Budget of India."
Chairman/Ansal Properties and Infrastructure
"It remains to be seen if cement and plywood
prices come down. That will be better for mass housing projects."
Executive Director/Escorts Hospital
"Finally rural sector, education and healthcare
are getting attention. Tax sops will help individual healthcare."
Vice Chairman, Director/ Bajaj Auto
"We are happy that CST has been reduced.
The silver lining: no new penalty has been levied on auto sector."
MD, CEO/ Hero Cycles
"Budgets are fast becoming little more
than the Centre's profit and loss accounts, which is how it should
"A clear signal that Corporate India, which
has learned to stand on its feet, should not just look to the
Budget for growth."