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"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.
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"Fiscal deficit of 3.9 percent was bit disappointing after fiscal prudence path that was spelt out last year. There are number of steps/projects announced to encourage investment in infrastructure/made in India," according to Sanjay Chawla, Chief Investment Officer at Baroda Pioneer Mutual Fund.
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According to Arjun Handa, Vice-Chairman & MD of Claris Lifesciences Ltd, Budget has given a good road map of not just the next year but also for the tenure of the government, implementation of long awaited GST and bringing the corporate tax rate to 25 percent would help in rationalising taxes.
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Thomas John Muthoot, Chairman and Managing Director, Muthoot Fincorp is of the view that all three gold related announcements made by FM in today's budget are towards bringing out the locker gold into the formal system and facilitate transparency in the recycling sector and also reduce the dependency on imports.
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Areas of concern include increase in service tax, no focus on coastal shipping as well as increase in clean energy cess on coal from Rs 100 to Rs 200 per tonne, says Alok Sanghi, Directorof Sanghi Industries.
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According to Ritesh Jain, CIO, TATA Asset Management, The government chose to spell out its thought process for the next 4 years through the Union Budget 2015-16.
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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.
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Vivek Gambhir, Managing Director, Godrej Consumer Products Limited, says Finance Minister Arun Jaitley has walked the tightrope between fiscal prudence and much-needed reforms to kickstart the economy
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While welcoming the Union Budget presented today, Pradeep Jain, chairman, Parsvnath Developers is a bit disappointed for not getting infrastructure status
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There are three important markers for deciding how successful the government has been in getting the opposition to play ball: the insurance FDI bill, the coal mines amendment bill (which enables the allotment of mines for captive use to private companies), and the land acquisition bill.
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As Budget 2015 draws near, CNBC-TV18‘s Archana Shukla travelled to rural Madhya Pradesh and finds out that allocating more money to healthcare is only the first step in achieving that aim.
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Addressing a gathering of the Indian diaspora here in the Omanese capital, Swaraj said numerous initiatives have been announced starting with Prime Minister's 'Make in India' campaign to make India an investment and manufacturing destination.
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After an eventful 2014, MF investors can expect better times ahead in 2015.
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He had all of 45 days, from being appointed finance minister, to presenting the full Union Budget for 2014-15 but Arun Jaitley showed glimpses of the kind of changes the present NDA government can bring to economic policy but disappointed many by staying away from big-bang reforms as they had expected.
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Budget FY2015 highlighted the new government‘s rational approach towards policies for taxation, government spending and growth, says Angel Broking.
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According to Ratnesh Kumar, the finance minister has done a commendable job in contaning the fiscal deficit target of 4.8 percent for FY14.
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FM understands the importance of manufacturing on one side and sustaining demand on other side and that is why the reduction on excise duty
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The reason why Chidambaram is making a song-and-dance about the fiscal deficit and his red line is simple: it is intended to take our attention away from the revenue deficit, which is the real number to monitor.
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Fiscal deficit target will be a major component that will be watched out in the Vote on Account on Monday
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According to Deven Choksey, government would probably discuss fiscal deficit which is much healthier, but there is unlikely to be any change in market movement due to Vote on Account on Monday
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According to Ambareesh Baliga, if there are populist measures in Vote on Account then market will correct, but may not very sharply.
