Excerpt from Business Standard report
17 March, 2012 | Business Standard
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Kumar Mangalam Birla
Business Standard
17 March 2012
"In an extremely challenging year, the FM has presented a pragmatic Budget. To bolster the economy, he has given a big push to infrastructure, agriculture and industry as well. Incentives on R&;D spends and accelerated depreciation are positives for industrial growth. The doubling of the infrastructure bonds is indeed a bold step, as is the move to take financial services to the doorstep of the farmer.
The infusion of substantial funds for capitalisation of RRBs and Nabard will help small and marginal farmers and facilitate the growth. The emphasis on resource mobilisation sends the right signal. The GDP growth forecast at 7.6 per cent seems achievable. It augurs well that the sharp focus on inclusive growth is gathering greater momentum."
— Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group
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