Some good, some disappointments
Glad that fiscal deficit is being targeted at 3.5 per cent for FY 2016/17. This is a good signal to foreign investors that financial discipline will be maintained.
Satish R. Mehta
- Mar 2, 2016,
- Updated Mar 2, 2016 1:41 PM IST
Satish Mehta
- Glad that fiscal deficit is being targeted at 3.5 per cent for FY 2016/17. This is a good signal to foreign investors that financial discipline will be maintained.
- Good to learn that the agriculture sector has been given importance this time.
- Disappointed with the proposal for Dividend Distribution Tax @ 10 per cent at the hands of the recipient for dividend income in excess of Rs 10 lakh per annum.
- Progressive withdrawal of weighted deduction given for R&D expenditure will not be in the interest of the Indian pharmaceutical industry, since it may discourage innovation.
- Happy with the initiative planned by the government to open 3,000 Jan Aushadhi stores and provide health insurance of upto Rs 1,00,000 per family in rural areas.
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Satish Mehta
- Glad that fiscal deficit is being targeted at 3.5 per cent for FY 2016/17. This is a good signal to foreign investors that financial discipline will be maintained.
- Good to learn that the agriculture sector has been given importance this time.
- Disappointed with the proposal for Dividend Distribution Tax @ 10 per cent at the hands of the recipient for dividend income in excess of Rs 10 lakh per annum.
- Progressive withdrawal of weighted deduction given for R&D expenditure will not be in the interest of the Indian pharmaceutical industry, since it may discourage innovation.
- Happy with the initiative planned by the government to open 3,000 Jan Aushadhi stores and provide health insurance of upto Rs 1,00,000 per family in rural areas.
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