Industrialists demand growth-oriented Budget
   
Quotes

Industrialists demand growth-oriented Budget

Last Updated: Sunday, January 13, 2013, 18:42
 
 Comment 0
 
Industrialists demand growth-oriented Budget
Gandhinagar: Industry captains on Sunday demanded a growth-oriented Budget and expressed the hope that the proposals would not be too populist.

"What is important is that it should be a growth-oriented Budget. What is badly needed for the country is growth. Anything that encourages growth is welcome," Godrej Group Chairman and President CII, Adi Godrej, who is here to attend the Vibrant Gujarat Summit, said.

Attending the three-day event, Engineering firm L&T's MD and CEO K Venkataraman said: "We are all expecting growth-oriented Budget. We will shortly have discussion with the PM and FM. So, it would be premature to comment."

Videocon Industries Managing Director Rajkumar Dhoot, who is also here to attend the showpiece event of the Gujarat government, said: "I think, the Budget has to be growth- oriented. I also hope it is not going to be too populist in the last year for general elections."

Dhoot, who is also President of Assocham, requested Finance Minister Pranab Mukherjee not to impose additional taxes on the rich. "Industry is down. In this situation, taxes should not be hiked. It is being reported that the government is planning to impose higher taxes on rich people. I would request the Finance Minister not to do this for one year. Because the money rich people have is for investment," he said.

"Only investment can bring employment. It will ensure higher collection from excise and customs duties for the government. This will be good for the country and economy," he added.

The country recorded 9-year low annual economic growth of 6.5 percent in 2011-12. The economy has grown by 5.4 percent in the first half of this fiscal (April-September). The government expects to close the fiscal year under 5.7 percent.

PTI



First Published: Sunday, January 13, 2013, 18:42


Comments


comments powered by Disqus
New Generation Scorpio
New Generation Scorpio
BRICS SUMMIT Ufa
BRICS SUMMIT Ufa
New Vento 2015
New Vento 2015
Audi all-new SUV Q3
Audi all-new SUV Q3
Indian Billionaire Daughters
Indian Billionaire Daughters

Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved