Views on Union Budget 2015-16 from
Mr. Kamlesh Rao, CEO, Kotak Securities..!
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| Kamlesh Rao, CEO, Kotak Securities |
“This
budget focused on a wide gamut of issues, ranging from fiscal deficit
to ease of doing business to controlling black money, with items like
GAAR being postponed.
The move to lower corporate taxes over a 4 year
horizon shows the government’s long range vision of a resurgent India.
On similar lines the government showed intent on infrastructure at the
cost of a slightly higher fiscal deficit, with
priorities in rail, road and irrigation. Also putting money in the
hands of the savers was a move to drive consumption. Correction of an
inverted duty structure would help realize the ‘Make in India’ dream.
Revenues would go up with increase in excise and
service tax rates. Overall, more than a yearly budget, it was a
statement of the thinking process of the government to put India firmly
on the roadmap of financial prosperity and fiscal consolidation.”
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