Please find given below the budget reaction from MindTree. Also please
find attached his photograph.
Budget reaction Quote by Rostow Ravana, CFO, MindTree Ltd:
"The positive aspects of the Budget are:
1. Removal of FBT: This has been a longstanding request from Corporate
India, it was a tax that had marginal revenue impact and high
administrative costs.
2. Amending sec 10AA, which now allows full profits of the SEZ unit
from tax, as compared to proportionate profits which was the position
before.
However, the overall feeling is disappointment because there were no
policy directions of any sort coming from the budget and the huge
expenditure on populist programs where we have very inefficient
delivery mechanisms. Fiscal deficit growing to 6.9% of GDP is a big
concern, it will have downstream impact on inflation, interest rates,
currency, etc."
- ROSTOW RAVANAN, CFO, MINDTREE LTD
Thanks & Regards,
Anjali Ruben
Corporate Voice | Weber Shandwick
212, Second Floor, Okhla Industrial Estate,
Phase - III, New Delhi -110020, INDIA
T: +91-11-40501200 | M: +91-9350999777 | F: +91-11-26936836
E: anjali@corvoshandwick.co.in
www.webershandwick.com
Advocacy starts here
Media's Asia Pacific PR Campaign of the Year 2007/2006
Media's Asia Pacific PR Network of the Year 2006
United Nations Grand Prize for PR Excellence 2007/2006/2005
IPRA Golden World Award Grand Prize for PR Excellence 2007
Please consider your environmental responsibility before printing this e-mail
This message contains information which may be confidential and
privileged. Unless you are the intended recipient (or authorized to
receive this message for the intended recipient), you may not use,
copy, disseminate or disclose to anyone the message or any information
contained in the message. If you have received the message in error,
please advise the sender by reply
No comments:
Post a Comment