Corporate Speak

Updated : Mar 5, 2013

Budget 2013:'Provide an impetus to the non-life insurance industry'

Joydeep Roy, CEO and whole-time Director, L&T Insurance, says non-life insurance penetration as well as per capita insurance premium is very low and the industry has a very high potential to grow.

Manish Sabharwal, Chairman, TeamLease Services

Updated : Mar 1, 2013

17% increase in HRD allocation in union budget good news: Manish Sabharwal

Manish Sabharwal, Chairman, TeamLease Services says the 17 per cent increase in allocation for the Human Resources Development Ministry is good news along with the Rs 1,000 crore allocation for skill development of youth.

Tapan Ray, Director General, Organisation Of Pharmaceutical Producers Of India

Updated : Mar 1, 2013

Nothing significant in this budget for the healthcare sector: Tapan Ray

Tapan Ray, Director General, Organisation Of Pharmaceutical Producers Of India says the healthcare concerns of the country have not been given adequate importance in the Union Budget proposals for 2013-14 to help improving the healthcare needs of the nation.

Dilip Chenoy, CEO & MD of National Skill Development Corporation

Updated : Feb 28, 2013

'Skills training will become more affordable and accessible'

Dilip Chenoy, CEO & MD of National Skill Development Corporation, says the Budget would contribute significantly to ensure that India is in a position to leverage its demographic dividend.

Updated : Feb 28, 2013

Tone of budget for education sector highly positive, says Shantanu Prakash

Shantanu Prakash, CMD, Educomp says the tone of the budget as far as the education sector goes was highly positive.

Sanjiv Goenka, chairman RP-Sanjiv Goenka Group

Updated : Feb 28, 2013

FM has given us a pro-growth, responsible Budget, says Sanjiv Goenka

Sanjiv Goenka, chairman RP-Sanjiv Goenka Group on Budget 2013 announcements:

A. Balasubramanian, CEO, Birla SunLife AMC

Updated : Feb 28, 2013

'It is a budget with right balance between growth and expenditure management'

A. Balasubramanian, CEO, Birla SunLife AMC says the good part of the Budget is that it has not increased the tax burden for a large pool of middle class taxpayers.

Updated : Feb 28, 2013

It is a positive and pragmatic election year budget, says Harsh Goenka

Harsh Goenka, Chairman, RPG Enterprises says it is a positive and pragmatic election year budget that keeps planned expenditure on track and economics in mind.

Vibha Padalkar, Executive Director and Chief Financial Officer, HDFC Life

Updated : Feb 28, 2013

The Budget is a responsible and pragmatic one, says Vibha Padalkar

Vibha Padalkar, Executive Director and Chief Financial Officer, HDFC Life says the budget reflects a tight rope walk by the finance minister, given that he has to bring back investor confidence as well as spur investment and growth.

Updated : Feb 28, 2013

Budget is realistic and actionable: Mariwala

Harsh Mariwala, CMD of Marico, says the intention to control the fiscal deficit and encourage investments in Budget 2013 is a step in the right direction.

Adi Godrej, President, Confederation of Indian Industry (CII) and Chairman Godrej Group

Updated : Feb 28, 2013

Budget revives investor sentiment: Adi Godrej

Adi Godrej, President, Confederation of Indian Industry (CII) and Chairman Godrej Group, says "critical issues have been adequately addressed in the Budget, and we look forward to 2013/14 as a year of revival".

Updated : Feb 28, 2013

A balanced budget within the constraints: RS Agarwal

RS Agarwal, Chairman of Emami Group, says though there is nothing radical in Budget 2013, it has given some directional clarity, particularly on GAAR, DTC, GST and other priorities.

Motilal Oswal Financial Services Ltd CMD Motilal Oswal

Updated : Feb 28, 2013

Budgets 2013: FM has tried to bring optimism to the country, says Motilal Oswal

Motilal Oswal Financial Services Ltd CMD Motilal Oswal on Budget announcements. Excerpts:

Guruswamy Ganesh, Vice President and Country Manager, Freescale Semiconductor India

Updated : Feb 27, 2013

'Enable quick resolution of tax litigation'

Guruswamy Ganesh, Vice President and Country Manager, Freescale Semiconductor India, says though the government is trying to woo investors thorough the semiconductor policy 2012, enough attention is not being paid to the present system's coercive tax measures.

Arun Jain, founder, chairman and CEO of Polaris Financial Technology

Updated : Feb 27, 2013

'Boost intellectual property in India'

Arun Jain, founder, chairman and CEO of Polaris Financial Technology says India has the potential and capability to emerge as the next Silicon Valley and the budget can create a highway for this possibility.

Ashish Khera, Finance Director, Global Applications and India region, CSC

Updated : Feb 27, 2013

'Make statutes more transparent and investor friendly'

Ashish Khera, Finance Director, Global Applications and India region, CSC, says the finance minister should address issues on transfer pricing expeditiously to help avoid varied interpretations and time-consuming litigation.

Sandeep Singh, Deputy Managing Director & COO, Toyota Kirloskar Motor

Updated : Feb 27, 2013

'Reduce excise duty on MUVs'

Sandeep Singh, Deputy Managing Director & COO, Toyota Kirloskar Motor, says the current excise duty of 27 per cent on .multi-utility vehicles is very high.

Updated : Feb 27, 2013

'Policy reforms need of the hour'

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Mahendran Moodley, CEO and Country Manager, FirstRand Bank India

Updated : Feb 27, 2013

'Foreign banks should be permitted to form subsidiaries'

Mahendran Moodley, CEO and Country Manager, FirstRand Bank India, says foreign banks can play a more meaningful role in the domestic economy in India and also help reduce the government's constant need to make capital calls into state banks.

Rana Kapoor, Managing Director and CEO, YES Bank Ltd

Updated : Feb 27, 2013

The Budget this year should possess multiple agenda: Rana Kapoor

Rana Kapoor, Managing Director and CEO, YES Bank Ltd says the Budget offers an opportunity to the government to signal a stable tax environment especially with respect to foreign investment.

Updated : Feb 27, 2013

"There is a lot of hope in what the current finance minister will deliver"

Patu Keswani, Chairman, Lemon Tree Hotels says he would look for two measures in the budget: how the govt proposes to reduce its fiscal deficit in a credible fashion. And confidence building steps to encourage long-term foreign capital inflowsfor domestic companies to step up investments.