Budget 2013: Manufacturing, Infrastructure Gets Boosts
"Budget has commitment to contain fiscal deficit. One should see a pick up in the growth rate in the coming fiscal," said C Rangarajan, Chairman, PMEAC.
"After a long time I am finding a very high focus on financial markets is coming through in this Budget. It is a very responsible Budget. On the big picture, he (Chidamabaram) is controlling fiscal deficit as he has promised at 5.2 percent, and budgeting for 4.8 percent. So, a finance minister who lives up to his promise is always a good thing," says Uday Kotak, Executive VC & MD, Kotak Mahindra Bank.
Chanda Kocchar told to CNBC-18 that "interest subvention has been extended to private sector banks is a good news because private sector banks have been given a level-playing field vis-à-vis the public sector banks. So, the issue is that so far private sector banks were not able to do this kind of business at all because there was no level-playing field. In that sense it is a positive enabling factor. Finally, it all depends on the quality of business that you pick up and the credit parameters that you set in this business for yourself." (Source – Moneycontrol)
"It is a growth-oriented Budget where the emphasis on development and inclusiveness is strong. I like the emphasis on agriculture, especially technological inputs into agriculture, science and technology, space. The fact that he wants to make sure that the subsidies by the end of the UPA term are clearly given on the Adhaar method is good," Adi Godrej, chairman, Godrej Group told PTI.
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