Budget Reactions: Sahara Prime City Limited

Budget Reactions of Sushanto Roy, Executive Director & CEO, Sahara Prime City Limited on the Union Budget 2011

The Budget 2011 has a fair shade of reformism and inches towards its long time goal of achieving financial inclusion. The budget primarily focuses on taming high food inflation and managing fiscal deficit without compromising on public and infrastructure spending. Indirect and direct tax reforms like increasing exemption limit for general tax payers, increasing MAT, bringing SEZs under purview of MAT, decreasing surcharge for domestic companies, increasing service tax net, etc. point to government