There were a lot of progressive announcements on economic growth and stimulus to infrastructure sector, which would have a positive impact on all our businesses:
But for our company, the increase in coal cess by Rs 100 per tonne coal will have a negative impact on our commodity business.
The FM laid out many positive announcements for the agriculture sector, which will further help in growth of the rural economy and our agri-businesses also. Major steps taken to address the two major factors critical to agricultural production - soil and water - were:
It is surely a good and balanced Budget.
(The author is Vice Chairman & Managing Director, DCM Shriram)