Views of Mr. Nilesh Sathe, CEO, LIC Nomura Mutual Fund on the Union Budget
Author(s): City Air NewsMr. Nilesh Sathe, CEO, LIC Nomura Mutual Fund. “This is not a One Year Union Budget. It sets a Road-map for the % year Developmental Agenda set by NDA Govt. Lot of focus on infrastructure, roads, communication,...
cityairnews
Feb 28, 2015 12:30
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Mr. Nilesh Sathe, CEO, LIC Nomura Mutual Fund.
“This is not a One Year Union Budget.
It sets a Road-map for the % year Developmental Agenda set by NDA Govt.
Lot of focus on infrastructure, roads, communication, education, power and cleanliness.
Commitment to reduce Corporate Tax from 30% to 25% in a phased manner in the next 5 years, deferment of GAAR till 01.04.2017, abolition of Wealth Tax and announcement that retrospective Taxation will be avoided are all encouraging steps for "Make In India".
Measures to curb Black Money and Implementation of GST from 01.04.2016 are welcome announcements.
Increase in Service Tax to 14% will substantially increase Govt revenue.
Removal of Service Tax on Varishtha Pension Beema Yojana will provide solace to Senior citizen.
Overall the Budget is forward looking and has set tone for Mr. Modi's wish-list come true.”
Date:
Saturday, February 28, 2015
