Corporate Reactions

Harminder Sahni, Founder and Managing Director, Wazir Advisors (Photo: Shekhar Ghosh)

Updated : Mar 4, 2016

It's a pragmatic and sensible budget, says Wazir Advisors

The attempts to boost rural economy and consumption are laudable not only because it will address rural distress but also because it is one place where we can boost GDP without global pressures.

Arvind R. Vohra, Country CEO and MD, Gionee India

Updated : Mar 4, 2016

Budget supports start-ups, says Gionee India

The budget 2016 clearly depicts that the government is in full support of start ups and Make In India initiatives.

Updated : Mar 4, 2016

Budget aims at promoting entrepreneurship: Practo

The Union Budget 2016/17 presented by the Finance Minister is a step ahead from the Start-up India, Stand up India initiative announced earlier this year.

Debjani Ghosh, Vice President Sales and Marketing Group, Managing Director South Asia, Intel

Updated : Mar 4, 2016

Budget focused on bridging the digital divide: Intel

This budget, unlike any other, has not treated technology in isolation but integrated the effective use of technology across all the strategic imperatives in keeping with the intent of a Digital India.

Rajesh Sud, Executive Vice Chairman and Managing Director, Max Life Insurance Company

Updated : Mar 4, 2016

FDI through automatic route in insurance sector is a welcome move: Max Life

On the BFSI front, FDI through automatic route in the insurance sector is a welcome move as it will attract foreign investments in this capital intensive industry.

Updated : Mar 3, 2016

Budget's focus on rural communities is laudable: Harsh Kumar Bhanwala, NABARD

The creation of a dedicated Long Term Irrigation Fund in NABARD with an initial corpus of about Rs 20,000 crore is a major step.

Updated : Mar 2, 2016

Budget will provide a boost to housing, construction and real estate industry: Rajeev Talwar, DLF

The Budget also provided relief to first-home buyers. It has raised the exemption limit for re-payment of interest on home loans up to Rs 35 lakh (for houses costing less than Rs 50 lakh) from Rs 2 lakh to Rs 2.5 lakh.

Bhavin Turakhia - CEO and Cofounder, Directi

Updated : Mar 2, 2016

A conservative budget that looks to resolve basic priorities

Overall, the Union Budget 2016 proved to be quite conservative, as the government tried to resolve basic priorities rather than introducing something disruptive.

Kamlesh Gupta, Chairman and Managing Director of West Coast Group and Chairman of Gujarat Aquaculture Farmer's Association

Updated : Mar 2, 2016

Nothing in the budget for the fisheries or aquaculture sector

The Finance Minister Arun Jaitley in Union budget has completely ignored fisheries and aquaculture sector, proposing incentives and investments only for agriculture.

Updated : Mar 2, 2016

Good budget for infrastructure, ports

The nine pillars laid down in the budget provide a holistic approach for bringing about a socio-economic transformation while reinvigorating the infrastructure sector through PPP.

Updated : Mar 2, 2016

Budget shows government means business when it comes to start-ups

Budget 2016/17 is aimed at reviving the rural parts of India and connect them with the mainstream. The focus has mainly been on agriculture and healthcare, apart from digitisation.

Y.M. Deosthalee, CMD, L&T Finance Holdings

Updated : Mar 2, 2016

Budget a good combination of long-term vision and short-term stimulus measures

The Union Budget is a fine balancing act by the Finance Minister, who was caught in a situation of balancing the mutually conflicting needs for higher capital expenditure and higher revenue spending.

Updated : Mar 2, 2016

A Budget for Digital Inclusion: Suresh Venkatachari, 8K Miles

The happiest thing to me about the budget presented by Finance Minister Arun Jaitely is how the present government is all out to wipe out this digital divide. And that is going to be the biggest driver for India in the coming decades.

Punit Sindhwani, Member of Ecommerce Coalition and Founder, Mirchimart

Updated : Mar 2, 2016

When is Ecommerce going to be fully liberalised?

The recent budget is being widely hailed as a balanced attempt at fiscal consolidation while managing the agrarian economy, building social infrastructure and encouraging financial reforms.

Darius Pandole, Partner, New Silk Route Advisors

Updated : Mar 2, 2016

Government has been responsive to requests of PEs and VCs

The adherence to fiscal prudence under very trying global economic circumstances is widely appreciated.   The efforts to encourage investments in Indian infrastructure are laudable.

Sanjay Behl, CEO, Lifestyle Business, Raymond

Updated : Mar 1, 2016

Move towards fiscal consolidation is encouraging: Sanjay Behl, Raymond

Given a lukewarm global economic context and distressed domestic banking scenario, the forward direction conveyed by Finance Minister in his budget speech towards fiscal consolidation is very encouraging.

Updated : Mar 1, 2016

Progressive budget that looks at consolidation and setting a platform for growth: Vipin Sondhi

As expected, rural India has a massive impetus to the turning of the wheels of the economy in the union budget for 2016/17.

By Ravi Kiran, Co-Founder, VentureNursery

Updated : Mar 1, 2016

Very Disciplined, Somewhat Disappointing: Ravi Kiran, VentureNursery

A lot of Government programs initiated and announced earlier - rural income and agriculture, infrastructure, social sector, black money, small businesses, housing, higher education - got financial action in Budget proposals supporting them.

Rajiv Luthra, Founder & Managing Partner, Luthra & Luthra

Updated : Mar 1, 2016

A careful, incremental budget: Rajiv Luthra

This is a careful, incremental budget, and those looking for the immediate thrill of 'big bang reforms' will be disappointed. However, it provides a good foundation for continued growth.

Updated : Mar 1, 2016

One of the most inclusive budgets in recent times: Ramesh Swaminathan, CFO, Lupin Limited

The budget presented by the Finance Minister is a well-balanced one given the way the global economy has been over the last one year.

Sanjay Modi, Managing Director, Monster.com (India/South-East Asia/Middle-East/Hong Kong)

Updated : Mar 1, 2016

Exciting times for the job market: Sanjay Modi, MD, Monster.com

The adherence to a fiscal deficit of 3.5 per cent in the Budget indicates government's focus on taking prudent measures to ensure a stable economy especially in an uncertain global economy.