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Sumit Banerjee
Managing Director, ACC.
We are disappointed that cement fails to get any respite from the high rate of taxes and duties. In fact the recent petroleum price hike has further increased the burden on cement. Similarly we were hoping that retail housing would get a boost by way of an increase in personal income-tax exemption on housing loan interest but that has not happened. |
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Saurabh Nanavati
Religare AMC, CEO.
This is a good, stable budget `nothing reformist` but in the right direction of reducing complexities and taking incremental steps towards taking the country`s GDP back to 8%+ levels. Let`s empathize with the FM`s tough position of balancing growth and fiscal discipline. It is time for the industry to get back to work, improve productivity and implementing at the ground level. That will result in sustainable growth, not a budget speech. |
