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Thursday , 22 August 2019
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Category Archives: Economy

Post Budget Reaction comment from Destimoney Advisors

Mr Brijesh Parnami, CEO, Destimoney Advisors : The FM has presented the first full year budget. A big relief for NBFCs is their inclusion under the SARFAESI Act. NBFCs with assets of Rs.500 crore and above have now the opportunity to use SARFAESI Act against wilful defaulters.  This was a much needed level playing field required for NBFCs. The NBFC ... Read More »

Budget Reaction Quote By Dr Rajeev K Sharma

Dr Rajeev K Sharma, Senior Orthopedic Specialist & Joint Replacement Surgeon at Indraprastha Apollo Hospital, New Delhi says, “The most notable part of the budget announcements on the healthcare sector is of course on the health insurance front. We have seen people lose their savings, become indebted and bankrupt to meet healthcare exigencies in the family and we as healthcare ... Read More »

Quote from Mr. Arun Malhotra, MD, Nissan Motor India Pvt. Ltd. on the Union Budget

“We were looking forward to a stronger emphasis on the automobile industry from budget 2015 but there doesn’t seem to be much momentum on that front. While we expected the incentives on EV to be more than what has come from the Finance Minister, we are happy that there is progressive step in this direction. Also, the 0.14% excise duty ... Read More »

Post Budget reaction comment from VU Technologies

“Government’s make in India initiative has been initiated to encourage the local manufacturers. But in contrast I believe the budget has been quite disappointing. Presently, the import duty is extremely high. Even we import our TVs. We were hoping for some standard operating procedures whereas the excise duty has been increased on manufacturing. I believe that to support their own ... Read More »

Post Budget reaction comment from Oxigen Services on FM’s cashless society vision

“In continuation of the PM Jan Dhan Yojana, we believe that this is an additional positive push to promote cash-less transactions and usage of digital money. The digitization of money at lower level and the JAM trinity (Jandhan, AADHAR and Mobile Access)  will redefine and transform the economy to cashless. This will help in further alignment of the mobile wallets, ... Read More »

Quote on the Union Budget – Mr. Gagan Banga, Indiabulls Housing Finance

The FM has cleared the cluttered, and at times convoluted, tax regime and has ushered in a more cogent and predictable tax environment. Good infrastructure is the foundation of meaningful and sustainable GDP growth. The thrust on infrastructure in the budget is a welcome step in this direction and signals the government’s intent and understanding of the importance of this ... Read More »

E-commerce- Post Budget Reactions

Reaction from ECAI Nasir Jamal, Secretary General, ECAI said, “While we welcome the government’s move on GST, it is our plea that in the interim a supportive tax environment should be built in the states. On behalf of the Ecommerce industry, we request the government to work towards a more conducive environment by liberalising the sector so that a large number ... Read More »

Post Budget Reaction comment from Insecticides India Ltd.

Mr. Rajesh Aggarwal, Managing Director, Insecticides India Ltd. Said ,”The Finance Minister has rightfully recognized the stress on agriculture incomes and put emphasis on investing in rural infrastructure. The allocation of Rs. 5,300 crore towards micro-irrigation, watershed development initiatives is a particularly welcome measure. We all know that a bulk of our population is dependent on the farm sector and the ... Read More »

Post Budget Reaction comment from Koenig Solutions

Mr Rohit Aggarwal, Founder and CEO of Koenig Solutions. Said, “We genuinely welcome the budget’s emphasis on giving a friendly environment and financial incentives to business start-ups, especially in the IT sector. The FM has proposed Rs 1,000 crore to help IT start-ups, and support funding needs of small firms. The FM rightly recognized the IT sector as one of India’s ... Read More »

Budget reaction from Tech start up Node Technologies Pvt Ltd.

“While the budget 2015 definitely seems positive and a balanced one, it is not the big bang budget that many had expected. This budget seems to have overall focused on growth for all sections and sectors. The focus on segments like infrastructure, agriculture, poverty alleviation, rural upliftment are commendable. The pension fund, EPF and ESI measures are a step forward ... Read More »

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