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MARCH, 2007
 Cover Story
 Editorial
 Features
 Sector Analysis
 Columns

FDI And FII
The centre is looking at removing the distinction between FDI and FII investments. This will impact sectors like asset reconstruction, real estate and aviation, where separate ceilings apply to FDI and FII investment. However, allowing FDI through the FII route in the realty sector could result in prices shooting through the roof. The Asian financial crisis of the '90s is still fresh in mind, and a method should be devised to moderate possible volatility in key sectors.


S&P And After
For the first time in 14 years, international credit rating agency, Standard and Poor's (S&P), has raised India's credit rating to investment grade. S&P is the last of the three major international rating agencies to do so. Moody's Investors Service did it in January 2004 and Fitch Ratings in August 2006. The upgrade is likely to spur the flow of foreign investment into power, steel and other industries, which receive less than a tenth of the funds going China's way.
More Net Specials
 
BUDGET 2007
Vox CEOs
What India Inc.'s big guns have to say about Budget 2007-08.

FALGUNI NAYAR
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 is welcome."

 

R. SESHASAYEE
MD/ Ashok Leyland/ President/ CII
"We welcome the focus on agriculture. We are disappointed that the Budget does not infuse 'booster dose' into industry."

 

VINAYAK CHATTERJEE
Chairman/Feedback Ventures
"Allowing MFs to set up infrastructure funds and unlocking forex reserves to service the infrastructure space are right steps."

 

AMIT MITRA
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."

 

HABIL KHORAKIWALA
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 relief."

 

MALVINDER SINGH
CEO & MD/Ranbaxy Labs
"The Budget has been positive, and it also shows that FM has various constituencies to address."


JAGDISH KHATTAR
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."

 

SUSHIL ANSAL
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."


NARESH TREHAN
Executive Director/Escorts Hospital
"Finally rural sector, education and healthcare are getting attention. Tax sops will help individual healthcare."


MADHUR BAJAJ
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."


SUNIL MUNJAL
MD, CEO/ Hero Cycles

"Budgets are fast becoming little more than the Centre's profit and loss accounts, which is how it should be."


SUNIL BHARTI MITTAL
CMD/Bharti Group
"A clear signal that Corporate India, which has learned to stand on its feet, should not just look to the Budget for growth."

 

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