Leading NRI industrialist Lord Swraj Paul has said that the Union Budget for 2012-13 has taken the reality of India's situation.
Business Today commissioned market research firm Ipsos for a survey, which quizzed 100 top executives across Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Bangalore and Pune.
The company, however, did not specify the model-wise break up of the price increase. In case of utility vehicles like Safari, Aria and Sumo, the hike will be from Rs 8,000 to Rs 35,000.
Bullion markets in the national capital and most of showrooms remained closed in several parts of the country, All India Sarafa Association President Sheel Chand Jain said.
A US-India trade group, US-India Business Council, expresses the hope that the government would deliver on foreign investor friendly key reforms during the budget session.
With the opening up of the venture capital sector, the investments in the M&E sector will become attractive. Currently, VCs are allowed to invest only in nine specified sectors.
Those in the industry looking for positives in the Budget there seems hope in fiscal consolidation appearing as a key concern for the finance minister.
Prime Minister Manmohan Singh says the government will have to bite the bullet and stressed on faster, inclusive growth of the economy.
Calling the Budget clerical and ineffective, the Left parties say it would increase the burden on the common man.
Trinamool Congress MP Derek O' Brien says the Union Budget for 2012-13 was tolerable.
The Opposition parties slams the Union Budget presented by Finance Minister Pranab Mukherjee as anti-people, lacklustre and one that would increase the financial burden on the common man.
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