Calling Budget positive Adrian Mowat of JPMorgan said the government has clearly put emphasis on kick-starting the economy, public spending and infrastructure. On fiscal deficit figure, which has been revised to 3.9 percent from 3.6 percent, Mowat said he is not worried about it. Ramesh Damani, Member, BSE, terms it to be big-bold Budget. He gives high marks to FM for restructuring the corporate tax and gives a big thumbs-up for more clarity. “Beginning Monday, we may see positive market. The Budget will give more legs to the market rally,” he said Madhu Kela of Reliance Capital said the Budget has addressed the problems of rural econmy and has done a lot about it. It provides clarity for the next 4 years to anyone who is looking to invest in India. Besides, it is also encouraging savings and taking steps to curb black money. Ashok Wadhwa, Group CEO, Ambit, said the Budget supports social spending on individual and emphasizes on the ease of doing business. Uday Kotak of Kotak Mahindra Bank , too feels the Budget has addressed the need to boost investment in the country and changes the rules of tax treatment, by simplifying it. According to him, the one big problem that India has been facing is handling of cash. Vallabh Bhanshali of Enam Securities sees it as a balanced Budget. “It is a good Budget given the fact that the economy is yet to take off,” he said. Manish Chokhani of Enam Holdings said he did not expect a theatrical Budget, but it is definitely an extremely clever one, which gives more power to common man. And is of course away from ‘Mai Baap sarkar’ mentality. R Shankar Raman of L&T feels one has to go through the detail first to understand whether the ‘mirage is real’.
Sanjay Dutt of Quantum Securities and Ajay Srivastava, CEO of Dimensions Consulting also shared their views on Union Budget 2015.
Courtesy : Moneycontrol