The new Government has lived up to its promise to lift the economy. The Budget has offered a number of tax incentives that will empower potential home buyers. We also welcome the FM’s statement on reviving SEZs and now wait for specific incentives in that regard
DlF Group Executive Director Rajeev Talwar
Given the condition of the economy, the direction given in the Budget is a positive one and the call for fiscal prudence is a welcome move. The corporate sector was expecting a timeline for the roll out of GST. But the Government’s intention to introduce CenGST and also the DTC after review are very encouraging news. The steps outlined for the manufacturing, power, coal and mining sectors should spur economic activity going forward.
General Motors India President and Managing Director Arvind Saxena
Within the constraints of time and a challenging economic environment, the FM has presented a comprehensive Budget which addresses some key reforms with a welcome focus on physical and social infrastructure. This should put in place the drivers for long-term growth whilst meeting some of the critical needs of the weakest in society
ITC Chairman YC Deveshwar
I think the approach of creating a stable business environment to attract investment and boost economic growth, that direction comes across clearly
CII President Ajay Shriram
One of our key priorities was to see a clear course of action to end tax adventurism. The Government has tried to address this by promising to not to change any of the tax provisions retrospectively which creates a fresh liability and committing to provide a stable and predictable taxation regime that will be investor friendly and spur growth
Ficci President Sidharth Birla