Industry welcomes fiscal proposals but unsure on tax measures.
Publication: PTI - The Press Trust of India Ltd.
Publication Date: 28-FEB-06
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Industry welcomes fiscal proposals but unsure on tax measures
New Delhi, Feb 28 (PTI) Captains of Indian industry and investment bankers today lauded Finance Minister P Chidambaram for measures to bring in fiscal discipline and cut deficit but had a mixed view on new tax proposals burdening the capital market.
"The industry will be happy as there are no major negatives. It has cut down customs duty and has covered lot of industries as well," CII chief mentor Tarun Das said immediately after presentation of the Budget.
J M Morgan Stanley chairman Nimesh Kampani termed the...
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