Please find below the budget reaction from Mr. Shankar Bhaskaran,
Senior Director of MetricStream. Also, please find attached his
picture.
1) Mr. Shankar Bhaskaran, Senior Director, MetricStream, the market
leader in the enterprise-wide, Governance, Risk, Compliance (GRC) and
Quality Management solutions
"Given the current economic scenario, I think it is a very balanced
budget in terms of growth and stability. The key focus is obviously on
getting the growth rate back to 9% at the earliest with primarily
focusing on infrastructure, agriculture and continuous in flow of
foreign capital.
It is heartening to see that there are a lot of positive steps taken
in the budget to bring the economy back to its normal state, such as,
reduction of CENVAT, reduction Of Excise Duties for various sectors
including Pharma, Automobile sector, etc., Section 35D benefit
extended to service companies, cut on the Customs Duty on project
imports will have a positive impact on Engineering and Power Cos..
However, in certain areas, the budget has disappointed the business
community, such as, no extension of tax holiday for EOU/STPI. Overall,
I feel that the budget is a positive one for India."
Regards,
Girija
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