UPA's interim budget a disappointment: India Inc

New Delhi, Feb 16: India Inc on Monday, Feb 16 said that it is disappointed by the interim Budget 2009 presented by Union External Affairs Minister Pranab Mukherjee, who is handling Finance portfolio too in the absence of Prime Minister Manmohan Singh. They termed it as 'a non-event' and more of a political statement.

Uday Kotak, the Kotak Mahindra Bank Managing Director said, "Acting Finance Minister Pranab Mukherjee has stuck to what is good convention." Pradeep Jain, the Chairman of Parsvnath Developers too was of the similar opinion. "It was completely a non-event. It was a mere political statement than (an) interim budget. There was nothing for any sector, forget about real estate," he said.

Tata Consultancy Services (TCS) ED and CFO S Mahalingam said there were two stimulus packages given in the past couple of months and they were going to stay as they were. "I am disappointed," he added.

Hinduja Group CFO Prabal Banerjee opined that the UPA government is left with no choice. "They did what they could best do," he said.

OneIndia News (With inputs from Agencies)