Thursday, July 9, 2009

Budget Reactions from Mr. Anil Kumar, CEO of Birla Sun Life Mutual Fund

Greetings,

 

Please find below and attached budget reactions from Mr. Anil Kumar, CEO of Birla Sun Life Mutual Fund for your reference

Also find attached the photograph of the spokesperson

 

Mr. Anil Kumar, CEO of Birla Sun Life Mutual Fund

 

On the positive side, the initiatives on the personal tax front such as the abolition of Income tax surcharge will increase disposable income in the hands of tax payers. The Union budget has maintained its focus on building infrastructure, growing the rural economy and social sector spending. This signals a strong continuation of fiscal stimulus and the focus on inclusive growth by the government.

 

The impact has been the 36% increase in the planned and non-planned expenditure and the consequent high fiscal deficit for the medium term. One could have expected a roadmap on PSU divestment in this budget though the Finance minister has already announced his openness for divestment upto 51% in PSU's."

 

 

 

Warm regards,

 

Ashish Samal

 

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