Additional excise duty will widen the gap between unorganized industry
The problem of stressed assets has been growing over the years as banks kept on giving money to \'bad corporate\'
Kiran Mazumdar Shaw
The Modi government was voted in on the back of aspirational urban middle class, I am not so sure whether they are as euphoric about this Budget
The mechanism of putting cesses in place is disappointing and undesirable. It complicates the tax system.
Minister of State for Finance
If gross domestic product (GDP) has been 7.6 percent; it is because the urban economy is doing well. So, we need to make sure the rural economy does well also.
The Budget signalled stability in the tax regime
The plans laid out by the Finance Minister in the Union Budget for 2016-17 are ambitious but the actual implementation may be difficult and will be keenly watched
Religare Invesco Mutual Fund
The two clear positives from the Budget was the government sticking to fiscal deficit target and not tinkering with the long-term capital gain tax.
Helios Capital Management
The biggest negative is the shyness in saying and surprising the market by saying that we will give Rs 35,000 or Rs 40,000 crore to public sector undertaking (PSU) banks Rs 25,000 crore.
This Budget is all about appeasing smaller tax payers.