Expert says Budget 2011-12 is good as FM has been able to balanced it out

Finance Minister Pranab Mukherjee today presented the Budget of fiscal year 2011-12 in Parliament and as per the assumptions, the Budget proposals address the problem of high inflation and give a push to economic reforms. Instantly after the Budget, it has seen that the Sensex of the Bombay Stock Exchange has jumped to nearly 400 points. According to the president of United Stock Exchange from BSE, Saurav Arora, this budget is good and the Finance minister has taken care of all the populists concerns and had given a good road map for the Economy.


While Speaking to UNI TV ,United Stock Exchange, president, Saurav Arora from BSE said,"I think the Budget is good and the finance minister has done a good in taking care all the populists concerns,they had given a good road map and Whatever kind of directions we needed from the market, we have get that from the Goods and Service Tax (GST) and Direct Tax Codes (DTC). It has been percieved well by the Industry, and there are many important things that Finance minister has to do."
When asked about the Key factors of the Budget,he replied,the most key factor that had given a clear road map about Goods and Service Tax (GST) that in three years time it will get implimented and by next 2012 the (Direct Tax Codes) DTC will get implemented which was one thing which was pending but now they have given a renewed focus on education and this time 24,000 crores will be spend on education. they have given grant to Colleges, to students which i think is important. As FM is said, education and Population is the both asset and challenge which the government has addressed in the budget and for me this are the two important highlights of the Budget and I think the budget is good as they have been able to balanced it out."

On the Other side one of the Investor in BSE,Siddharth K Kuvavala said,"I think the Finance Minister has addressed everybody, we are anticiating GDP 9 % and above and the fiscal deficit at 4.6% for the Fiscal Year 2012., both is very good and this are commendable figures and much more comfortable than any countries all over the world and this budget will attracts lot of foreign direct investment also from here now."

Senior Research Analyst Ramesh Bhojwani said,"There is no negativity in this budget, all duties, Taxes, excise, customs, service Tax, income tax, they have been mainted or improved."