In their meeting with Fitch representatives, senior Finance Ministry officials highlighted various initiatives announced in the Budget 2015-16 which are expected to boost investment and growth. The officials highlighted the government's commitment to stick to targets set for the fiscal as well as the current account deficits.
"It's a budget with quite a number of incentives for the real estate sector. While disappointments remain as far as Smart City initiative and rental housing are concerned, the biggest plus is the allocation for infrastructure development," says Dhruv Agarwala, CEO, PropTiger.com.
In an interview to CNBC-TV18's Shereen Bhan, Anita Kapoor, Chairperson of CBDT & Kaushal Srivastava, Chairperson of CBEC, gave their take on Arun Jaitley's Union Budget, the projections made therein and reflect upon the tax changes the government has brought in.
Just as the RBI has been 'bullet proofing' the external balance sheet we were hoping that the FM would take steps to do that for the governments balance sheet. In that context the budget was disappointing because it assumes a questionable growth rate, says Arvind Sethi, MD & CEO, TATA Asset Management.
In the Union Budget 2015-16 the Finance Minister Arun Jaitley announced a divestment target of Rs 69500 crore, higher than the previous fiscal's target of Rs 58,425 crore. Speaking to CNBC-TV18, Revenue Secretary Shaktikanta Das said the target looks realistic.
Watch the interview of Sudarshan Sukhani, s2analytics.co, Siddarth Bhamre, Angel Broking, Prakash Diwan of Altamount Capital Management and Mehraboon Irani of Nirmal Bang Securities in which they shared their readings and outlook on market, specific stocks, Union Budget 2015 and on the road ahead.
On extending the timeline for the 3 percent fiscal deficit target by one year, Jaitley said sticking to the earlier deadline would have meant having to cut down on public spending to achieve the target.
In an interview to CNBC-TV18's Menaka Doshi, Senthil Chengalvarayan and Anuj Singhal Dharmesh Mehta of Axis Capital & Gautam Trivedi of Religare Capital Markets gave their take on Arun Jaitley's Union Budget and their outlook on the road ahead.
Adi Godrej rates Finance Minister Arun Jaitleys Union Budget an 8 on 10. He says Jaitleys Budget will help revive the countrys GDP as it lays a lot of emphasis on social infrastructure and Indian agriculture.
DIPP secretary Amitabh Kant said the government is clearing indicating its intentions of making India a 'job creators' country rather than 'job seekers' and is trying to drive entrepreneurship. The government has eased the process of doing business in the country to quite an extent.
Jaitley said that the states have now become financially more powerful now that they stood to get 62 percent of the centres tax revenues. In fact, certain Congress-led states stood to gain more than BJP-ruled states under the parameters for the revenue sharing.