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20 August, 2008 17:09 IST |
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Guest Column |
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Guest Comments |
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Jayant Manglik Religare Commodities ,Head Commodity Business. The absence of more remarks on the commodity futures markets is an indication of the confidence of the government in the recently given autonomy of the FMC. |
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Ravi Kant Tata Motors ,managing director. The finance minister presented an encouraging budget that sought to give fillip to the growth of the auto sector. The reduction of excise duty to 14% from the current level of 16% across the board and CST from 3% to 2% will definitely help in revival of growth in manufacturing sector. |
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Satya R. Narayanan Career Launcher ,Chairman. The budget is disappointing with respect to structural and policy reforms on education and skills. The skill development mission is feeble and has no time bound promise on implementation |
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R Swaminathan IDBI ,Vice-President & National Head. The budget is primarily agri oriented due to the size of the waiver granted to overdue loans. It also provides an increase in disposable income of the individuals that will spur consumption demand. |
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R. Subramanian Subhiksha Trading Services ,Managing Director. No there is no specific direct benefit for retail industry, while excise duty has been cut on various products. The cuts are small and hence unlikely to reflect in lower prices to consumers |
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Apurva Purohit Radio City 91.1 FM ,CEO. Last year Government had reduced the customs duty for import of equipment for the radio industry from 40% to 20%. One expects this to be further reduced. |
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