Tag Archive for reaction

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 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.”

LIC MF Reaction on RBI Credit Policy

Share/Bookmark

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

Here is the reaction from Mr. Marzaban Irani – Fund Manager Fixed Income – LIC Mutual Fund.

Mr. Irani’s Quote:

‘As per MPC announcement there is no change in rates. Our initial thoughts say that any action going ahead will be data dependent. Stance has been changed to calibrated tightening which indicates status quo or hike going ahead. Rupee has reacted negatively.”

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

Share/Bookmark

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

Share/Bookmark

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