Union Budget 2012: Industry Talk
As the Pranab Mukherjee presents his Union Budget 2012, Industry experts give their reaction.
V BALAKRISHNAN, SR VP & CFO OF INFOSYS: There is a case for tax exemptions for smaller IT companies in the upcoming Union Budget. Unless you support them when the external environment is bad, they will not grow.
ADI GODREJ, CHAIRMAN, GODREJ GROUP: Budget should focus on reforms, avoid tax hikes. Cooperation of Centre and states is a must for a success of GST.
A MAHENDRAN, GODREJ PRODUCTS CONSUMER LIMITED: Introduction of Goods & Services Tax (GST) will increase consumption in the FMCG sector.
RAKESH BIYANI, PANTALOONS RETAIL: I believe the fact that GST is one of the solutions which would address the double taxation issue that we are facing.
ANAND MAHINDRA, VC & MD, MAHINDRA & MAHINDRA: Slashing of the EPF rate a bold, rational, courageous step. Hope we will be able to use the same adjectives for his budget this morning.