Rakesh Bharti Mittal – Vice Chairman – Bharti Enterprises
Increase of 15 or cent over the last year in the plan expenditure is to my mind a very welcome step. The government’s focus is on agriculture and infrastructure. With the investment being pushed into rural economy, it will result into rural consumption going up, and this will help the economy to grow.
Vivek Bharati, Executive Director at Pepsico India holdings
The focus on agriculture will also have a profound and positive impact on industry.
The focus on agriculture will also have a profound and positive impact on industry.
Naina Lal Kidwai, Chairman, Max Financial Services
The declared corpus of Rs. 25,000 crore for capitalisation by public sector banks is not adequate to tide over the current crisis of rising levels of Non-Performing Assets.
Dr Naresh Trehan - Chairman and Managing Director – Medanta The Medicity
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We don’t need anything. Our good days were here earlier too. But the poor guy – who is thinking of attempting suicide due to healthcare expenses – is the one government has taken care of. Therefore, I would say that the government’s steps are excellent.
Piruz Khambatta - Chairman - Rasna Private Limited
This is a budget for common man so we can say it is good for companies like us too. Farmers and rural economy has been given a push - and this will increase the rural consumption - and I am sure this will benefit us too.
Harshavardhan Neotia, President Ficci and Chairman, Ambuja Neotia Group
The fact the Finance Minister spoke at length about the need for reviving rural demand shows how significant the sector is towards achieving overall growth.
The fact the Finance Minister spoke at length about the need for reviving rural demand shows how significant the sector is towards achieving overall growth.
Pankaj R Patel, Chairman & Managing Director, Cadila Healthcare
Providing health coverage is laudable but the declared corpus of Rs.1 lakh per family under the government’s new health protection scheme may not be sufficient.
Jyotsna Suri, Chairperson & Managing Director, Bharat Hotels
This is a pro-country, pre-development budget, as we had expected.
Harsh Pati Singhania, Vice Chairman & Managing Director, J K Paper
The specific pushes to irrigation and sustainable agriculture does have the potential to double farmers income by 2022.
T S Bhasin, Engineering Chairman, Exports Promotion Council India
Emphasis on rail and road by increased investment along with better port connectivity should help the foreign trade in the long run.The proposed changes in the Customs Act to provide for deferred payment of customs duties for importers and exporters with proven track record is also a welcome move. Customs Single Window Project to be implemented at major ports and airports starting from beginning of next financial year. This should also help the foreign trade.
R V Kanoria, Chairman & Managing Director, Kanoria Chemicals & Industries
The common e-market platform for agricultural products will be crucial in providing farmers with more freedom on choosing their own crops.
Y K Modi, Executive Chairman, Great Eastern Energy Corporation
At this point, the Government can’t do much on the exports front until international conditions improve and neither should we place undue importance on being an export driven economy.
Rajan Bharti Mittal, Vice Chairman & Managing Director, Bharti Enterprises
100% FDI in marketing of food products produced and manufactured in India will have a real impact for farmers.
100% FDI in marketing of food products produced and manufactured in India will have a real impact for farmers.
Siddharth Birla, Chairman, Xpro India Limited
There is an urgent need to expand the tax net as the onus of generating revenues still rests on the same populace.
Pratik Agarwal, Vice-Chairman, Sterlite Grid & Director, Infrastructure Business, Vedanta Resources
The Revised tax framework on Infrastructure Trust (InVit) will exempt Dividend Distribution Tax (DDT) in respect to distributions made by SPVs to the infrastructure trusts. Guidelines on InVit were announced as part of the budget of 2014 & 2015. However, there have not been any cases of listed InVit in India in last two years. We are very pleased with the final changes announced in the Budget 2016 as it will put into effect the original idea of granting DDT exemption to listed infrastructure trusts. This amendment will ensure there is single level taxation, thereby making the structure tax and cash flow efficient. We feel that the amendment introduced in this budget will encourage developers to pursue their InvIT listing plans. It is possible to create market capitalization in the range of $20-40 billion over next 3 years by listing InVits in the Indian market.
Tweets
Rahul Gandhi @OfficeOfRG
Modiji spent the first 2 years mocking the Congress Party's focus on farmers, MNREGA, Rural dev & social spending. Now mere rhetoric, without vision or action, will fool neither farmers nor the poor of this country. Budget2016 lacks both vision &conviction.A list of new promises w/o any account of the failure of tall promises made in last 2 budgets!
Milind Deora @milinddeora
Amidst the global crisis, reforms, not populism, the way forward. Another timid budget that disregards BJP's impressive mandate#Budget2016
Harsh Goenka @hvgoenka
A common mans budget. Rural thrust.Development oriented. Emphasis on infrastructure. Cong/Left will find difficult to criticise.#Budget2016
Sajjan Jindal @sajjanjindal59
Good luck @arunjaitley for the #UnionBudget presentation. Lkng forward to measures which will spur robust growth & demand in the next fiscal
ShivrajSingh Chouhan @ChouhanShivraj
Interests of farmers, poor and vulnerable have been given due consideration. I congratulate FM @arunjaitley for visionary #VikasKaBudget.
Amit Shah @AmitShah
I thank & congratulate PM Shri @narendramodi & FM Shri @arunjaitley for keeping farmers,poor & rural India at the centre of Union Budget.
Ajay Vir Jakhar @Ajayvirjakhar 2h2 hours ago
Will @arunjaitley #Budget2016 double farm income? NO, we will have to wait for good monsoons to do that.
Omar Abdullah @abdullah_omar
By not focusing the benefits of #UnionBudget2016 on the #suitboot people @arunjaitley has cleverly made the opposition's job a bit tougher.
Manish Sisodia @msisodia
My 1st reaction to union budget: financial injustice to Delhi continues - no change in share in central taxes. Will speak in detail later.
Manish Tewari @ManishTewari
#budget2016 high on rhetoric, flawed on comparison, low on imagination, bereft of ideas,services oligarchs,constricts freedom of RBI.DEAD SCUD
anand mahindra @anandmahindra
The need of the hour, both to revive consumption & to preserve the social fabric of the country, was to focus on the farm ecosystem
Suresh Prabhu @sureshpprabhu
@narendramodi sets direction for raising bar of paradigm shift in inclusive growth,#UnionBudget2016 by @arunjaitley draws action plan.
Kiran Mazumdar Shaw @kiranshaw
A peoples' budget with an aim to balance rural n urban growth. Hope budgetary allocation for rural urban road connectivity is fully utilised
Sunita Narain @sunitanar
#Budget2016 focus on irrigation, MNREGA, crop insurance important. Now need implementation for assets that work https://bsmedia.business-standard.comwww.downtoearth.org.in/