Budget 2012 Highlights: Excise, service hike not stability-friendly, says Emmbi

By Makrand Appalwar, CMD, Emmbi Polyarns

"I am happy to hear that GST implementation will be in August 2012. The steps to create equity for small & medium sector (SME) is a very good move to boost the SME investment spree. Increasing in excise and service tax from 10% to 12% will add to inflation .We feel this was not very stability friendly move. In the totality it will be an inflation driving proposition by the Finance Minster. There is nothing Special in the Budget which is will initiated the next level of much awaited reforms."