Expert's view on Budget 2012-2013
Budget 2012 was more or less headed in a right direction. Read this space to know what the top-notches of Mutual fund industry think of Budget 2012-2013.
Finance Minister Pranab Mukherjee today presented Union Budget 2012, the 81st Budget in India's history. Individually, this is Mukherjee's seventh annual Budget, second-highest by any Finance Minister.
Below are opinions of some of the top level executives of the mutual industry on Budget 2012-2013.
Mr.Sanjay Sachdev - President and CEO, Tata Asset Management: "Budget is pragmatic. Focus on fiscal deficit is a welcome step. The growth number looks achievable. Reduction in personal tax rates up to Rs 10 lac gives relief to a large section of people. Also capital market related measures such as Rajiv Gandhi Equity Saving Scheme and reduction in STT on delivery transactions will provide much needed impetus to attract small investors to the market."