---------- Forwarded message ----------
From: Dhanya Nambiar <email@example.com>
Date: Mon, 6 Jul 2009 15:52:44 +0530
Subject: Post Budget Reaction - Kale Consultants Ltd.
Cc: firstname.lastname@example.org, email@example.com,
firstname.lastname@example.org, email@example.com, firstname.lastname@example.org,
email@example.com, firstname.lastname@example.org, email@example.com,
firstname.lastname@example.org, email@example.com, firstname.lastname@example.org,
Please find below the quote on behalf of Vipul Jain - CEO & Managing
Director, Kale Consultants Ltd.
The finance minister has given a balanced approach to the budget.
Initiatives towards abolishing FBT and increase in tax exemption for
salaried employees is commendable. The 1 year extension of the STPI scheme
is appreciated, but a longer extension would have definitely helped the
industry. Increase in MAT is also not a favourable move. The honorable
minister had a good chance to boost the corporate sector in face of the
economic conditions, but the focus seems to be on driving demand by giving
incentives to the rural sector.
Please find attached the photograph of Vipul Jain.
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