Submitted by Manika suyal Roll no:63 Mba( gen), div:B

Shiv Nadar, Chairman, HCL & Shiv Nadar Foundation

It is a welcome move that the Centre has allotted Rs

1,000 crore for skill development this year, compared to Rs 500 crore last year. This will provide more opportunities to accelerate the skilling of labour for various sectors of the economy. With the added budget allocation, we expect the Centre and states to come up with more partnership programmes with the private sector to reach the common goal of improving employability of the youth in India

Mr. Binny Bansal (CEO & Founder Flipkart.com)

We have targeted growth rate of 7.6 %, there seems to be no

clear road map to achieve it.

The rise in service tax from 10% to 12% is the biggest blow to

all of us.
The telecom sector has been completely ignored. The govt.

wont touch it due to the contoversy surrounding it.

I suggest to abolish the income tax system altogether and

encourage the domestic market to grow.

impact of budget on electronic business

an increase in excise duty by 2% from 10% to 12%, prices of

consumer electronics like LCD TV, LED TV, airconditioners, refrigerators, washing machine and microwave ovens are going to go up by 2-4%. the budget does not bring any relief to the consumer electronics industry, which has been reeling under the impact of rising input costs and rupee depreciation in recent times. The other announcement - exemption of basic custom duty for LCD and LED TV panels, will have little impact since there was already nil custom duty for imports from Japan and Korea from where major companies like LG, Samsung, Panasonic and Videocon primarily source their TV panels.

Mr. Rajiv Talwar (Group Director DLF)

I think the budget has laid down a path for fiscal discipline.
Boost in government spending on infrastructure will

translate to healthy order book for infrastructure companies.

This will allow infrastructure companies more avenues for

financing their projects.

The road development companies will see higher order

inflow & more project flow by NHAI.

5

impact of budget on hospitals

The increase in investment-linked deduction to 150 per

cent (previously 100 per cent) on at least hundred-bed hospital is the key positive. The provision of NIL excise duty and exemption of customs duty on raw materials required for manufacture of Coronary stents/ Coronary stent system will led to available of these stents to cardiac patients at cheaper rates. Also, the reduction of excise duty and customs duty on specified raw materials for manufacture of syringe, needle, catheters and cannulae makes them available at cheaper rates for the patients.