Union Budget 2015-16 Corporate CEO Columns - Business Today
India Inc on Budget

While the Budget mentioned the National Optic Fibre Network connecting 2.5 lakh villages with 7.5 lakh km of optic fibre, it needs to be noted that simply laying fibre will not make it an operational 'network' without huge private sector investments.

 
 
"We were expecting a strong impetus towards domestic demand creation that can lead to growth of India's manufacturing secto," writes Future Group CEO Kishore Biyani.
Coming to the Budget, it has a number of new announcements - some of which can be considered path-breaking.
The Budget reflects the government's focus on increasing investment in infrastructure growth and generating skill-based employment that will fuel economic growth.
The increase in public sector commitment for investments in infrastructure by Rs 70,000 crore augurs positive for infrastructure investment in the immediate term.
The simplification in tax regime will definitely help in creating an investor friendly environment and is a big step towards making India a 'manufacturing powerhouse'.
The roadmap for all-round growth and empowerment is clearly visible. There is encouragement for start-ups and focus on skill development too.
Increase in service tax rate from 12 per cent to 14 per cent can be viewed as a step-forward to the enactment of GST regime in India.
 
 
While micro and small enterprises are fairly well targeted in this budget, there is no coverage or mention of the housing finance needs of these categories.
This is a Budget that will revive long-term growth, provide opportunity and protection to the poor and more vulnerable, while remaining fiscally prudent.
A target to achieve Rs 8.5 lakh crore for the farm credit through bank network will provide much needed credit to the farming community.
This is a good Budget that combines addressing near-term investment issues while providing a roadmap for future growth, writes IDFC CEO Vikram Limaye.
More disposable income in the hands of more people will generate greater demand for entertainment content.