Budget Reactions: Budget was on expected lines, says HP Ranina

For corporate tax lawyer HP Ranina the Budget was on expected lines. The only thing new in the Budget according to Ranina was, Rs 10,000 exemption on savings banking interest.

March 16, 2012 / 18:30 IST

For corporate tax lawyer HP Ranina the Budget was on expected lines. The only thing new in the Budget according to Ranina was, Rs 10,000 exemption on savings banking interest.

The government wanted to give some SOPs to the middle level group, so this move was announced, Ranina told CNBC-TV18.

Futher, he said that increase of initial exemption limit to Rs 2 lakh, just means Rs 2,000 reduction for people at that level.

first published: Mar 16, 2012 03:23 pm

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