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Union budget 2010-11 gives FMCG companies some food for thought
At the first look, the Union budget 2010-11 aims at providing further booster to the economic growth with a tight grip on the broadening fiscal deficits. Measures such as broadening of income tax slabs and plenty of bounties for rural India provide fresh liquidity in the economy and are aimed... »
Full stimulus exit only after robust recovery: FM
The fiscal stimuli since December 2008 to prime the Indian economy will be withdrawn fully only when the recovery is robust and sustained, Finance Minister Pranab Mukherjee said on Saturday, a day after presenting the budget for 2010-11. “I am committed to fiscal consolidation in the interests of the economy's capacity to sustain growth in... »
Dabur India Ltd CEO Mr Sunil Duggal’s Post-Budget Comment
I would term Mr. Pranab Mukherjee’s Union Budget 2010-11 as a perfect balancing act that seeks to achieve fiscal consolidation while not losing sight of the growth momentum and the growth engines. It’s a fit case of prudent economics by the Finance Minister. He has stuck to the UPA government’s “Inclusive Growth” theme by... »
Reactions on Budget 2010
“The budget has dealt with the key concerns such as fiscal deficit, inflation growth and reforms simultaneously. It is pro infrastructure growth and full of scope for inclusive growth. The tax limit hikes are substantial which will put more money in the hands of salaried and small businessman, this is positive for FMCG and... »
Reactions on Budget 2010 – Mr. Pradeep Jain, Chairman, Parsvnath Developers Limited
Welcoming the budget tabled today by Hon Finance Minister, Mr. Pradeep Jain, Chairman, Parsvnath Developers Limited, said, “I personally feel that today’s budget was for aam-admi, it is good for each and every individual in the society, the budget is supportive for the tax payers as the extension of limit will help in reducing... »
FM offered many, but missed on some
Finance Minister Sri Pranab Mukherjee has certainly presented a Budget best suiting the need of the time. We laud the proposal to upgrade infrastructure in rural and urban areas by providing on outlay of Rs.1,73,552 crore. These are extremely important for the pace (10% economic growth) at which we intend to grow as a... »
Bloomberg UTV takes the Indian Budget across the globe – LIVE
The Union budget 2010-2011 will drive India to the next decade as Bloomberg UTV, India’s premiere Business news channel comes up with a series of Budget focused shows and panel discussions. The programming focuses on a holistic perspective on several areas of the budget. Bernie Lo, from Bloomberg International, will be in India to... »
India budgets income tax relief, more money on welfare
Further relief for individual tax payers, a steep hike in allocations for welfare schemes and infrastructure were among the high points of India's budget for 2010-11 presented Friday by Finance Minister Pranab Mukherjee, who said the worst was over and promised high, inclusive growth in the coming years. “Today, as I stand before you, I... »
M&A activity declines 34% during 2009
During 2009, Indian companies were involved in a total of 356 M&A deals, down 34% from 2008, according to a study by Venture Intelligence (http://www.ventureintelligence.in), a research service focused on Private Equity and M&A transaction activity in India. However, deal activity in the second half of the year was up... »
Indiabulls forays in Car Loan Business
Indiabulls Financial Services – a group company of the Indiabulls Group – one of the Top Corporate houses with businesses spread over Real Estate, Infrastructure, Financial Services, Securities, Retail, Multiplex and Power sectors. Realize the dreams now, with Indiabulls Financial Services launching the Car Loans with diversified product variants catering to diversified segment of the... »
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