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.
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.
While welcoming the Union Budget presented today, Pradeep Jain, chairman, Parsvnath Developers is a bit disappointed for not getting infrastructure status
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.
Budget FY2015 highlighted the new government‘s rational approach towards policies for taxation, government spending and growth, says Angel Broking.
Jaitley said he would prefer to lower fiscal deficit by boosting revenues rather than cutting down on expenditure.