Industry reaction to Union Budget 2019 : Mostly positive but some regrets as well

Kolkata, July 5 (IBNS): Although India's benchmark indices reacted negatively to the Union Budget 2019 presented on Friday by Union Finance minister, Nirmala Sitharaman, most industry leaders have welcomed it as a positive step towards long-term development.

The Bengal Chamber says the Union Budget is an exercise in pragmatism

Kolkata, July 5 (IBNS):  BCC&I (Bengal Chamber) views the Union Budget 2019-20 as an exercise in pragmatism towards a 5 trillion dollar economy by 2024 with a ten point vision for the decade by simplifying procedures, incentivizes performances, reducing red tape and making best use of technology through acceleration of mega programmes and services.

How some of the industry leaders are looking the Union Budget 2019

Kolkata, July 5 (IBNS): The Union Budget 2019, presented by Finance Minister Nirmala Sitharaman has evoked a plethora of responses from the industry leaders.

Increased allocation of money in Defence sector: Nirmala Sitharaman

New Delhi, July 5 (IBNS): Though not mentioned during the presentation of the Union Budget, Finance Minister Nirmala Sitharaman at a press conference said she has increased allocation of money in the Defence sector.

Union Budget 2019 will fulfill dreams of New India: PM Modi

New Delhi, July 5 (IBNS): Praising the first budget of the second Bharatiya Janata Party (BJP) government, Prime Minister Narendra Modi on Friday said it will fulfill the dreams of "New India".

Within our capacity to reach the 5 trillion economy goal: FM Sitharaman

New Delhi, July 5 (IBNS): Presenting the Union Budget in the parliament, Finance Minister Nirmala Sitharaman said it is within the country's capacity to reach the five trillion economy goal.

Country expects Union Budget to focus on reforms, says CEO and MD of Equitas Small Finance Bank

Kolkata, July 4 (IBNS): With a second term through a resounding mandate, the Indian finance industry expects the Modi government to focus the budget around reforms that will be critical to drive long term economic growth, according to PN Vasudevan, CEO and MD, Equitas Small Finance Bank. 

Sandeep Sabharwal of SLCM sums up what agri-warehousing, agri-logistics and agri NBFCs expect from this Union Budget

Kolkata, July 4 (IBNS): One of the long outstanding demands of the agri warehousing industry has been the rationalization of indirect taxes, according to Sandeep Sabharwal, Group CEO, Sohan Lal Commodity Management Pvt Ltd.

A glimpse into what the Real Estate sector is looking for in Friday's Union Budget

Kolkata, July 4 (IBNS): ‘The Real Estate sector needs approximately Rs 35,000 to Rs 40,000 core of financial stimulus for its revival, said  Ramesh Nair, CEO & Country Head, JLL India (a global real estate services firm) while talking of his expectations from the Union Budget 2019 to be tabled on Friday.by India's first full-time woman finance minister, Nirmala Sitharaman.

India Budget - Navigating Troubled Waters : ICICI Bank Treasury Research Group report

Kolkata, July 4 (IBNS): Fiscal deficit target of 3.4 per cent, could be difficult to achieve, in light of revenue constraints, expenditure priorities in the face of slowing growth and promised economic and welfare schemes to the electorate, according to a pre-Budget report published by ICICI Bank's Treasury Research Group.

Slowdown post IL&FS crisis warrants further stimulus say Angel Broking in its pre-budget review

Kolkata, July 4 (IBNS): Angel Broking Ltd, one of the well-known  independent full-service retail broking houses in India, expects that given the recent slowdown in the economy, 'the final budget would contain further stimulus measures to boost the economy'.