By Vivek K Mob: 00919820310487 E-mail: email@example.com
“The finance minister has taken a careful approach towards fiscal prudence which is expected to bring positive results for the economy. More of a realistic budget, it could be good for capital markets & investments.
One of the most encouraging facets of this budget is the focus on sustainable growth of infrastructure with the development of MSMEs and crucial sectors like oil & gas, power and coal. Indian manufacturers can rejoice with investment allowance of 15 per cent on investments of Rs. 100 crore or more in plant and machinery.
However, a few incentives for the Food & Beverage Sector as well as some boost for rural infrastructure would have made budget 2013 very cheerful for the food and retail sectors.”