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.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


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
LIVE TV DownloadNews18 App
News18 English
News18 » India
2-min read

'Expected Fin Min to Hit Boundaries': Anand Mahindra's Reaction to Budget Has Cricket Twist

While Mahindra said he had earlier expressed hope that Sitharaman would 'hit some boundaries', the minister instead chose 'to take steady singles and keep the run-rate moving'.


Updated:July 5, 2019, 11:36 PM IST
'Expected Fin Min to Hit Boundaries': Anand Mahindra's Reaction to Budget Has Cricket Twist
File photo of Anand Mahindra.

New Delhi: Mahindra Group Chairman Anand Mahindra on Friday was among many who praised Union Finance minister Nirmala Sitharaman after the presentation of her maiden Budget. But the industrialist also exercised a note of caution by saying that the Budget was an “accumulation of seemingly unspectacular moves” that would only nudge the economy onto the proposed trajectory of $5 trillion.

RATE The Budget

Mahindra said he had earlier expressed hope that Sitharaman would "hit some boundaries".

“She chose instead to take steady singles and keep the run-rate moving. Despite expectations of big moves to instantly crank-up the economy she decided to keep her eye firmly on the long term,” he said.

Mentioning that the measures for the financial sector could "lubricate the engines of economy", the 64-year-old businessman also welcomed the target for disinvestment.

“And there is a ‘bi-focal’ bias towards incentives for large-scale, new-age, FDI-funded manufacturing projects on the one hand & start-up entrepreneurs on the other. It’s true that these two sectors have high employment generation potential,” he added.

However, he said a true partnership with the private enterprise could be achieved if the strong messages about respect for wealth-creators were echoed by all branches of the government and if the “faceless” e-assessment was implemented both in letter and spirit.

Mahindra ended the series of tweets by saying that while increased income taxes spooked the markets, the introduction of estate duty would have "been more unnerving".

The BSE Sensex plunged 395 points on heavy selling in metal, power, auto and IT counters after the Budget proposal of raising public shareholding threshold stoked fears about liquidity in the market.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Anu Parthiban
Read full article
Next Story
Next Story

Also Watch


Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results