Friday, July 03, 2009
We expect finance minister to give a road map for major reforms

K G Mantri- Sr. VP Corporate Affairs, MAN Industries (India) shares his expectations on Union Budget 2009-10 as follows, ‘In the recent past, this must be the occasion when the Finance Minister will be presenting the budget sans any coalition politics compulsions. Taking into consideration this fact, we can certainly expect that the finance minister will be able to give a road map for the major reforms needed for the economy in the current global economic scenario."

Simplification of tax structure and policies, major boost to investment in infrastructure, agriculture and social sectors should be high on the government's agenda despite there is possibility of ballooning fiscal deficit. However, the present low rate of inflation provides the government enough elbow room to increase spending. Also going forward, there should be disinvestment plans and roll out of GST by 2010.

Certainly the government, which has got a decisive mandate now, will make an endeavour to fulfill its pre-poll promises. As it is the time for the government to deliver now. With the global financial crisis behind us, the government can now take necessary steps to put the economy back on the growth track.'

Powered By Capital Market
Top Back