Tag Archive for Budget

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

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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

Post Budget Reaction from Mr. Vikas Khanvelkar, Managing Director, DesignTech Systems Ltd

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

Overall budget is very rural focussed and has many schemes to support farmers and rural healthcare. It will not have much impact on urban population for them it is status quo.

Increasing the eligibility for 25 % corporate tax from Rs 50 Crs to 250 Crs is a good move for MSME industries in that bracket. Read more

Union Budget 2018 reaction from Mr. Aakash Chaudhary, Director Aakash Institute

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

We welcome the annual budget announced today and the vision taken forward by the Government to provide quality education in schools and educational institutions of higher learning across the country.  This budget has largely focused on education, agriculture, health and social security for the masses. Read more

Mr. Bhargav Dasgupta’s (MD & CEO – ICICI Lombard) view on the Union Budget 2018

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

The Government has focused on inclusive measures in the budget , targeting critical areas of agriculture , education , health , power among others. On health insurance, the introduction of Rs. 5 lakh cover for families and increase in medical insurance tax exemption for senior citizens indicate the focus of policy makers to ensure adequate protection against health hazards for India’s populace. Read more

Post Budget views by Mr. A.K. Basak, Chairman, The Plastics Export Promotion Council

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

We foremost wish to welcome the development oriented Union Budget 2018 presented by the Union Finance Minister. Plexconcil will support the Government’s endeavour to increase exports and plastics has contributed significantly to the exports growth of 15% in FY18 as envisaged by the Finance Minister. Read more

Post Budget Quote By Adhil Shetty, CEO & Co-founder, BankBazaar

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

Further to the announcement on the Union- budget 2018 today, please find below quote from Adhil Shetty CEO and Co-founder BankBazaar. Please reach out for more specific inputs from personal finance perspective. Read more

Union Budget 2013-14 embodies strong measures for SMEs’ growth – says Mr. T.R. Bajalia, Dy. Managing Director, SIDBI

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Union Budget 2013-14 embodies strong measures for SMEs’ growth  - says Mr. T.R. Bajalia, Dy. Managing Director, SIDBI

The Union Budget 2013-14 embodies strong features of promoting investment and putting the economy on the high growth path leading to inclusive and sustainable development. With a view to giving boost to small and medium enterprises, some of the benefits extended through the sector include:

Enhancing the refinancing capability of SIDBI from the current level of `5,000 crore to ` 10,000 crore per year. This is helpful in providing credit facilities at affordable rate by SIDBI to micro, and small enterprises through banks and SFCs. This will benefit over 3.5 lakh MSEs. The Budget is quite progressive for the growth of MSME sector.

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Finance Minister has done a fairly good job: R Venkataraman of India Infoline Group

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Comments of Mr. R Venkataraman, Managing Director, India Infoline Ltd. (IIFL) on Union Budget 2013-14

“Given the fact that elections are just round the corner and the grim macro-economic scenario, the Finance Minister has done a fairly commendable job. He has resisted the temptation to announce a populist budget. The good part is that the government finances have not gone out of control and all the necessary steps have been taken in terms of fiscal responsibility. Tax reforms in form of DTC and GST, proposed passing of the insurance and pension bill are steps in the right direction. This shows that reforms are still on the FM’s agenda. Acknowledging the role of FII, FDI and ECB inflows to bridge the current account deficit shows the FM’s practical nature. Reduction of STT for equities and introduction of CTT was on expected lines. Realizing the importance of capex cycle to kick-start the economy, positive steps like approving 3,000 kms of roads, coal price pooling, investment allowance etc have been announced. Overall a practical budget.”

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