Tag Archive for Budget

Budget Reaction of Mr Sridhar A K, Director and Chief Investment Officer, Indiafirst Life Insurance Company Ltd

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

“Without any surprise, this clearly ended up as a ‘pre-election budget’! While the various sops & concessions announced in this Budget are going to be a sure shot cash outflows, the Government’s assumptions on revenue receipts seems to hover around lots of assumptions & imaginations. So this opens up a big debate on how dependable is the optimism of keeping the fiscal deficit at 3.4%.

Read more

Budget Quote from Ms R M Vishakha, MD & CEO, IndiaFirst Life Insurance Company Ltd

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

“The Government’s Vote-on-Account Interim Budget has given a lot of importance to women-led development. The Government’s vision 2030 of a functional and comprehensive wellness system for all with participation of women is a welcome step. The proposed Pradhan Mantri Shram Yogi Maandhan for the unorganised sector workers with monthly income upto Rs. 15,000, is a good step towards financial inclusion initiative from the government.

Read more

Budget Comments from Mr Anantha Padmanabhan, Chairman, All India Gem and Jewellery Domestic Council (GJC)

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

“We welcome the budget and the government has tried to present a balanced budget especially benefiting the lower income group. We welcome the announcement that individual taxpayers having taxable annual income up to Rs. 5 lakhs will not be required to pay any income tax.

Moreover, the multiple benefits offered to farmers, MSMEs and middle classes will certainly increase their disposable income which in turn can stimulate the demand for gold, diamond and precious stone jewellery.

Read more

This Budget will provide the much needed stimulate to the Indian Economy, says Dr. Ajeenkya DY Patil

Share/Bookmark

By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

Dr. Ajeenkya DY Patil, Chairman, Ajeenkya D Y Patil Group

Speaking on the Budget day, Dr Ajeenkya Patil, Chairman, Ajeenkya D Y Patil Group, opined “Piyush Goyal has maintained the delicate balance between the urban and rural sector in this budget. He has provided the much needed stimulus to the Indian economy in the form of tax reliefs and this I believe in turn will boost consumption.

Read more

Budget Quote: Mr. Vishal B Malkan, Founder, MalkansView and Technical Analyst, Trading Expert

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

Vishal B Malkan (Founder of MalkansView, Technical Analyst, Trading Expert, Author – “#CASHTAGS – Stock Trading Simplified”)

Nifty found it difficult to cross the psychological level of 11000 on closing basis in today’s trading session. This is in spite of the Vote on Account event, which saw Nifty back into the range of 11000-10600. Indeed a tough time for traders to make money in this short range movement. Clear view can only be given once markets move beyond this range, which is 11000 on the upside and 10600 on the downside. Even though Nifty is sideways, one can spot plenty of trading opportunities in individual stocks – especially those from the auto sector such as Tata Motors, Hero Moto Corp and Maruti.

Budget reaction comments from Mr Pramod Kumar Agrawal, Chairman, Gem and Jewellery Export Promotion Council (GJEPC)

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

“We understand that the budget presented today was a vote on accounts budget and is not a full budget. We welcome Govt.’s thrust on ensuring progress and prosperity through the budget. The relief given in direct taxes to middle classes and farmers will be good for increasing jewellery demand in the country. Also we hope that with the capital infused in the banking sector and banks coming out of PCA wil help in solving the shortage of working capital for our exporters. At the same time we are disappointed that the demand for decrease in import duty of raw materials like gold, silver, c&p diamonds and coloured gemstones were not included in the budget today. We hope that during the declaration of the full budget after elections the gems and jewellery sector demands will be addressed.”

Pre budget expectations from the upcoming interim budget by Mr. Madhu Sudhan Bhageria, Chairman and MD, Filatex India Ltd

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

Mr. Madhu Sudhan Bhageria, Chairman and MD, Filatex India Ltd

Comment from Mr. Madhu Sudhan Bhageria, Chairman and MD, Filatex India Ltd.

On Textile sector:

In the budget, we expect that custom duty on Polyester filament yarn (PFY) and Polyester Staple Fibre (PSF) to be increased from 5 to 10%. When it comes to GST, we have 18% on our raw material and 12% on finished product. Corporate tax is very high, this comes to almost 35% after all surcharges and we expect it to be brought down to 25% as stated by Finance Minister in 2014.

Read more

Budget Expectations Quote from Kalyan Jewellers

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

“We are expecting an uptick in discretionary consumable spends due to the expected move of increasing the tax exemption slab to Rs.5 Lakhs. This will augment disposable income and contribute to enhanced spending in items like gold and jewellery and other consumable sectors. If implemented it will infuse much cheer for all consumer facing businesses.”

Mr. T S Kalyanaraman, Chairman and Managing Director, Kalyan Jewellers

NETGEAR Orbi RBK20 – A Tri-Band Wi-Fi System for Broader Range of Homes & Budget

Share/Bookmark

By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Hardly a day goes by without yet another organisation falling prey to a cyber attack or data breach that has led to reputational and financial losses, home routers can also play a bigger part in accessing your files and folders, if configured incorrectly it can become an open door allowing hackers and cybercriminals to infiltrate your network and potentially hack your system, NETGEAR Inc., a leading provider of home networking has come to the aid of providing a wide range of mesh routers including the NETGEAR Orbi RBK20 Wi-Fi Router and Satellite that delivers unparalleled Wi-Fi coverage and at the same time provides high security to your internet devices.

Read more

Union Budget FY2018 highly positive for Cold Logistic, Storage Chain and Equipment Manufactures

Share/Bookmark

By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

The Finance Minister in his last full budget focused strongly on infrastructure, health, education, agriculture and rural sector.  Ice Make Refrigeration Limited (Ice Make) would rate this as a strongly positive budget for agriculture, food processing, dairy, and cold chain logistic and storage sector. Read more