Acting Finance Minister Piyush Goyal on Friday presented his first Interim Budget in the Lok Sabha. In the Interim Budget speech, he outlined the government's proposed vision for 2030, provided sops for middle-class taxpayers and announced an annual dole for small farmers.
Here's how India Inc reacted to the Interim Budget:
Anand Mahindra, Mahindra Group Chairman
I was bracing for a populist,profligate budget driven by â€˜election panic.â€™ Iâ€™m just grateful that the reliefs to the key middle class & farmer segments were delivered in a measured way without risking bankruptcy of the economy. This was a controlled, pump-priming exercise...
Harsh Goenka, Chairman - RPG Enterprises
#Budget reactions: BJP - pro-poor, pro-farmers with pathbreaking reforms benefiting entire society Opposition - anti-poor, populist, meant for the rich. Lacks imagination and sincerity. How will the jobs come? CII/ FICCI/ Businessmen- Will give a boost to economy. Full of â€˜joshâ€™.
#Budget reactions:â€” Harsh Goenka (@hvgoenka) February 1, 2019
BJP - pro-poor, pro-farmers with pathbreaking reforms benefiting entire society
Opposition - anti-poor, populist, meant for the rich. Lacks imagination and sincerity. How will the jobs come?
CII/ FICCI/ Businessmen- Will give a boost to economy. Full of â€˜joshâ€™.
Nadir Godrej, Managing Director, Godrej Industries and Chairman, Godrej AgrovetÂ
"Acting Finance Minister Piyush Goyal was very articulate. He presented more of a manifesto than a budget. Relief for middle class home owners and for farmers would be a boost to agriculture, animal husbandry and the realty sector!"Â
Siddharth Roy Kapur, President, Producers Guild of India
â€œWe are delighted that the immense contribution of Indian cinema towards employment generation in the country has been acknowledged and applauded in Parliament during the presentation of the Union Budget. The announcement of a single-window clearance mechanism for Indian film makers filming within India is a significant step and has the potential to play a huge role in boosting tourism in the country. The amendments in the Anti Camcording provisions will support the industryâ€™s growth by curtailing illegal recordings of films in cinema halls and will go a long way towards reducing piracy.â€