Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English
272
nda:
Needmore seats to Win
Needmore seats to Win
upa:
»
2-min read

Top honchos Welcome Budget 2017, Say It's 'Progressive' and 'People Friendly'

Business honchos on Wednesday mentioned that the budget was comprehensive in addressing the issues of the citizens and industry and meeting their expectations.

News18.com

Updated:February 1, 2017, 9:30 PM IST
facebookTwittergoogleskypewhatsapp
Top honchos Welcome Budget 2017, Say It's 'Progressive' and 'People Friendly'
Infographic for the 2017 Budget profile. (Image: Network18)
Loading...
New Delhi: Welcoming the Union Budget 2017-18, business honchos on Wednesday said the budget was comprehensive in addressing the issues of the citizens and industry and meeting their expectations. The top minds of India Inc termed the budget from Finance Minister Arun Jaitley as "progressive" and "people friendly".

Here is what they said:


Bhavish Aggarwal, Co-Founder and CEO, Ola

The budget from the Hon'ble Finance Minister is progressive and forward looking with a clear focus on Digital India and Skilling. These are welcome moves in the interest of India's unique and growing needs. Ola is already working closely with the Government on skilling India through various strategic partnerships.


Sanjeev Bhatia, CEO Zopo India

The budget 2017 is extremely positive and people friendly. Reduction in direct taxes for SMEs and low income individuals is definitely going to benefit the masses and will really impact the Indian economy in a huge way. The GST is proposed to implement on July 1st, so indirect taxes such as, excise, customs, service tax have not been touched. Manufacturing allocation is good initiative to start off. With such initiatives India can grow on the charts of GDP.


Harshvardhan Lunia, CEO & Co-Founder, Lendingkart Group

SMEs in India are credit starved. In this regard, the increase in limit of Pradhan Mantri Mudra Yojana (PMMY) for banks and NBFCs to Rs 1,80,000 crore is a positive step towards bridging the financing gap existing in the SME segment.


Srinivas Dronamraju, Chief Operating Officer, VSoft Technologies

Farm sector will have a tremendous growth on account of very high allocation and impetus given on higher allocation of farm loan targets to banks, Fasal Beema Yojana being extended to to 40% of the cropped area as against 30% of the previous year, Soil testing labs, long term irrigation and Micro Irrigation funds under NABARD, Model law for contract farming.


TS Kalyanaraman, Chairman and Managing Director, Kalyan Jeweller

The reduction in taxation to 5 percent from 10 percent for salaried persons in the Rs 2 lakh to Rs 5 lakh bracket will provide relief and more disposable income in the hands of the consumers. The target to double farm income in 5 years will be beneficial to the sector as rural India constitutes more than half of jewellery purchases.


Amrita Institute of Medical Sciences (Kochi)

Budget allocation in providing clean water and sanitation will go a long way in bringing India up to global standards. Women and children’s health is a vital area that needs attention as we have the poorest maternal and foetal morbidity and mortality figures. The additional funding will go a long way in bringing India up to global standards. It is essential to co-opt the private sector in this endeavour.


Kalpana B, Partner and Head, Robotics and Cognitive Automation, KPMG (India)

With initiatives such as digital payment platforms (Aadhar pay, Bhim, RuPay, UPI), budget allocations towards infrastructure modernisation, bringing transparency in the ease of doing business as well as long term tax initiatives, technology is clearly a key focus area for this government...A great opportunity platform for foreign investments, technology-centric businesses and job creation.

ALSO READ: Captains of Indian industry Speak on Budget 2017
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
| Edited by: Bijaya Das
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 
Most Active
Company Price Change %Gain
ICICI Bank 431.75 5.09
Reliance 1,336.85 0.22
SBI 355.35 3.84
IndusInd Bank 1,648.90 3.14
Larsen 1,544.15 4.61
Company Price Change %Gain
GRUH Finance 313.30 -4.42
Reliance 1,336.80 0.07
Larsen 1,543.65 4.60
SpiceJet 141.55 9.64
SBI 354.60 3.59
Top Gainers
Company Price Change %Gain
ICICI Bank 431.75 5.09
Larsen 1,544.15 4.61
Zee Entertain 376.85 4.55
JSW Steel 288.00 4.37
Bharti Airtel 353.20 4.25
Company Price Change %Gain
ICICI Bank 431.50 5.09
Larsen 1,543.65 4.60
Bharti Airtel 353.30 4.40
Vedanta 163.85 4.20
Tata Motors 182.15 4.09
Top Losers
Company Price Change %Gain
Tech Mahindra 735.85 -1.00
NTPC 129.15 -0.54
TCS 2,048.00 -0.29
HUL 1,749.60 -0.24
HCL Tech 1,065.95 -0.04
Company Price Change %Gain
NTPC 129.20 -0.54
HCL Tech 1,061.65 -0.46
TCS 2,049.65 -0.20
HUL 1,749.20 -0.10

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results