Union Budget 2015: Some reactions from firm heads

New Delhi, Feb 28: Union Finance Minister Arun Jaitley presented the Budget of 2015-16. Here are some of the reactions of the CEOs and Mds of various companies: [Union Budget 2015: Highlights]

Professor R Vaidayanath, IIM-Bangalore: "There is no need for much hype on the budget. It is very realistic in nature taking into consideration the existing situation. The finance minister has done his best in the current scenario."

Ameera Shah, MD & CEO, Metropolis, Healthcare Ltd, said the budget for the healthcare is the lowest since 2012-13 which doesn't send a right message at a time when everybody is talking about proportionately increasing the budget in terms of GDP. She also said the finance minister has rightly linked cleanliness and Swachch Bharat Abhiyan with preventive healthcare.

Vaibhav Singhal, MD & CEO, Savemax, said the budget was a progressive and well-balanced one and will lay the foundation of major structural changes in the Indian economy. He welcomed the increase in individual tax exemption.

Rohit Gadadia, Founder & CEO, Capitalvia Global Research, described Jaitley's budget to be a dream one. He welcomes steps like reduction of corporate taxes, abolition of wealth tax, new law on black money and deferring of the GAAR. He felt stres on Make in India and rural development will lead to job creations.

Vinay Gupta, Founder and CEO, Tripfactory, said the overall the budget is growth-oriented.

Prof Bhaskar Ramamurthi, Director, IIT-Madras, said the impetus given to issues like R&D, incubation and entrepreneurship in the budget is a welcome one.

Rahul Bajaj, Chairman, Bajaj Group, said the budget is a positive one. He welcomed the step to reduce the corporate tax.

Bhaskar Ramamurthi, Director, IIT-Madras, said the impetus given to issues like R&D, incubation and entrepreneurship in the budget is a welcome one.

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