Budget falls short of expectations, says India Inc
The budget has failed to meet the expectations of India Inc. The abolition of the FBT was broadly welcomed but the hike in MAT and the extension of the STPI benefits by just one year disappointed many.
PC Kapoor of Bharati Shipyard
"I am disappointed with the budget. The shipping & shipbuilding industry generates a lot of revenues & employment. But it finds no mention of the sector in the budget."
Pawan Goenka, president of automotive business, M&M
"I am hugely disappointed by no change in excise differential for vehicles. I am also disappointed that excise surcharge of Rs 15,000 not rolled back."
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