With Budget 2011-12 being announced, a number of impacts and implications are yet to be demystified. In CNBC-TV18’s special show Budget Tonight, Karan Thapar with Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia and Former Finance Minister, Yashwant Sinha analyse Pranab Mukherjee’s sixth budget presentation.
In an interview with CNBC-TV18's Menaka Doshi, an illustrious panel of business leaders including Chanda Kochhar, MD and CEO, ICICI Bank, Harsh Mariwala, CMD, Marico, Baba Kalyani, CMD, Bharat Forge, GV Prasad, Dr Reddy's and YM Deosthalee, Whole-Time Director and CFO, L&T, assess the math of the budget.
Anand Sharma, Commerce Minister, in an exclusive interview with CNBC-TV18’s Shereen Bhan says that his ministry has had consultation talks with the prime minister and the finance minister on the manufacturing policy. “As soon as there is consensus will move cabinet with manufacturing policy,” he says.
Hari Bhartia, President, CII says, the budget is very growth oriented.
Nilesh Shah, market participant, in an interview on CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12.
Rohan Shah, Managing Partner, Economic Laws Practice, in an interview on CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12.
Indian equity benchmarks marked gains on the back of the better-than-expected details revealed by the finance minister in the big bang event - Union Budget 2011. However, the indices could not retain the initial euphoria set by the budget as concerns over rising crude oil prices erased most gains towards the end.
Ratnesh Kumar, Managing Director and CEO, Standard Chartered Capital Markets, in an interview on CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12.
Amidst hopes of fixings the 3 'D's (fiscal deficit, current account deficit and government deficit), Finance Minister Pranab Mukherjee announced the Union Budget 2011-12 on Monday.
Dharmesh Mehta, Enam says, divestment targets are looking realistic. “I am very confident that it will be achieved,” he adds.
UR Bhat, MD of Dalton Capital Advisors, in an interview on CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12.
CNBC-TV18's Managing Editor Udayan Mukherjee says, “I don’t think it’s a bad budget, in that, it is not a negative. But I don’t think it is a spectacular reformist budget or anything like that.”
YM Deostahlee, CFO at L&T, in an interview with CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12.
Anil Singhvi, VC of RNRL, in an interview on CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12.
Malvinder Singh, Chairman, Fortis Healthcare, in an interview on CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12.
RS Sharma, Former Chairman of ONGC, in an interview with CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12.
Shikha Sharma, MD, Axis Bank, in an interview on CNBC-TV18 gave her views on how she read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12. She says that the fiscal deficit number given by the finance minister is positive news for bond markets.
B Muthuraman, Non-Exec VC, Tata Steel, in an interview on CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12.
Nikhil Vora of IDFC, in an interview on CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12.
In an interview with CNBC-TV18, Venu Srinivasan, CMD, TVS Motors says, there is no negativity in this budget. “The most important direction is that fiscal deficit will come down to 4.6%,” he adds.
Ramesh Damani, Member at NSE, in an interview on CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12.
Finance Minister Pranab Mukherjee announced the Union Budget 2011-12 in Parliament today. In an interview with CNBC-TV18, Ashok Wadhwa, Founder and Group CEO, Ambit, speaks about the key announcements.
Adi Godrej, Chairman, Godrej Industries, in an interview on CNBC-TV18, finds the budget focussed on growth and was well balanced. He finds the cut in corporate surcharge a positive play. The excise duty was largely anticipated to change by the market and the non event where the excise duty stayed the same has been appreciated by him.
R Seshasayee, MD, Ashok Leyland, in an interview on CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12. On the fiscal deficit he is not so bullish. “Fiscal deficit targets will be tough to meet,” he says.
Vallabh Bhanshali, Chairman, ENAM Securities Pvt Ltd, says that FM has done a great justice to his image as a pragmatic person. "I think he has succeeded in fighting all the populist forces," he says.