New Delhi, February 28: The industry today welcomed the Budget terming it as “positive” and “growth-oriented” and some leaders were pleasantly surprised with the unchanged excise rate in major sectors.
“Overall, the Budget is a growth-oriented and a good one and it has not taken the last year’s growth for granted,” CII President Hari Bhartia said.
He, however, said the Finance Minister should have given more stress to the health sector and the “demand for treatment of healthcare as infrastructure has been overlooked”.
Bhartia said the targetted subsidy on kerosene and food will reduce the wastage of subsidy.
“Also the digitisation of I-T system will expand the tax base. Compliance and self regulation will reduce human interaction,” he added.
Expressing similar views, Kotak Mahindra Bank Vice- Chairman and Managing Director Uday Kotak said: “Budget is positive for the equity and bond market. A 4.
-Agencies